PRINCE = PRojects IN Controlled Environments which is a methodology of Project Management. It covers the management, control and organisation of a project. "PRINCE2" refers to the second major version of this method and is a registered trademark of the Office of Government Commerce (OGC), an independent office of HM Treasury of the United Kingdom.

 

More details here: http://en.wikipedia.org/wiki/PRINCE2

PRINCE2 is a process-driven project management method which contrasts with reactive/adaptive methods such as Scrum. PRINCE2 2009 defines 40 separate activities and organizes these below processes:

  1. Starting up a project
  2. Initiating a project
  3. Directing a project
  4. Controlling a stage
  5. Managing stage boundaries
  6. Closing a project

 

Check this link also: http://www.prince-officialsite.com/

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