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identified risks and their status
Re-evaluate risks as the project progresses and circumstances change
- Revise risk mitigation plans as necessary.
- Stakeholder involvement in risk management
- Include stakeholders in identifying and assessing risks
- Keep stakeholders informed of risk management plans and progress
- Seek stakeholder input on risk mitigation strategies.
Simon Buehring19 Feb 2026
Watch video reviews from students who attended a PRINCE2 training course with Knowledge Train. Click through to hear about their experiences.
- Knowledge Train
- 19 Feb 2026
- Learn about the linear and sequential approach to software development and project management called the waterfall method. The article will detail the steps, pros, and cons of this method.
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What soft skills do project managers need?Preferences
Simon Buehring 19 Feb 2026
- PreferencesDiscover essential soft skills for project managers and why they are crucial for successful project delivery. Read on to enhance your skill set.
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Project plan
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- How to create an effective project plan
- Knowledge Train19 Feb 2026
| Project scope | Work Breakdown Structure | (WBS) | Timeline and milestones |
Resource allocation
Budget
Risk management plan.PRINCE2 vs AgileSearch For a more detailed comparison of PRINCE2 and PMP, read
FAQs What is PRINCE2 used for? ss-analysis/business-analyst-course/bcs-business-analysis-certification/bcs-business-analysis-foundation"},"offers":{"@type":"Offer","url":"https://www.knowledgetrain.co.uk/business-analysis/business-analyst-course/bcs-business-analysis-certification/bcs-business-analysis-foundation","price":null,"priceCurrency":null,"availability":"http://schema.org/InStock","validFrom":"2026-06-12"},"courseSchedule":{"@type":"Schedule","startDate":"1970-01-01","endDate":"1970-01-01","repeatCount":1,"repeatFrequency":"Daily"}},{"@type":"CourseInstance","name":"BCS Business Analysis Practice self-paced online","description":"BCS Business Analysis Practice self-paced online","url":"https://www.knowledgetrain.co.uk/business-analysis/business-analyst-course/bcs-business-analysis-certification/bcs-business-analysis-practice","image":"https://www.knowledgetrain.co.uk/training-courses/res/logos/bcs-accredited-training-partner-logo.svg","courseMode":"Online","maximumAttendeeCapacity":"16","performer":{"@type":"Person","name":"Susan Improve resource management
PRINCE2 is used for managing projects in a controlled way, with defined roles, decision points and documentation. It helps organisations maintain business justification through a business case, manage by stages using a stage plan, and apply consistent risk management and change control. Online","maximumAttendeeCapacity":"16","performer":{"@type":"Person","name":"Susan Tuttle"},"location":{"@type":"VirtualLocation","url":"https://www.knowledgetrain.co.uk/business-analysis/business-analyst-course/bcs-business-analysis-certification/bcs-requirements-engineering"},"offers":{"@type":"Offer","url":"https://www.knowledgetrain.co.uk/business-analysis/business-analyst-course/bcs-business-analysis-certification/bcs-requirements-engineering","price":null,"priceCurrency":null,"availability":"http://schema.org/InStock","validFrom":"2026-06-12"},"courseSchedule":{"@type":"Schedule","startDate":"1970-01-01","endDate":"1970-01-01","repeatCount":1,"repeatFrequency":"Daily"}},{"@type":"CourseInstance","name":"BCS Modelling Business Processes self-paced online","description":"BCS Modelling Business Processes self-paced online","url":"https://www.knowledgetrain.co.uk/business-analysis/business-analyst-course/bcs-business-analysis-certification/bcs-modelling-business-processes","image":"https://www.knowledgetraiEnhance communication
Is PRINCE2 still relevant? usiness-analyst-course/bcs-business-analysis-certification/bcs-international-diploma-in-business-analysis","image":"https://www.knowledgetrain.co.uk/training-courses/res/logos/bcs-accredited-training-partner-logo.svg","courseMode":"Online","maximumAttendeeCapacity":"16","performer":{"@type":"Person","name":"Susan Tuttle"},"location":{"@type":"VirtualLocation","url":"https://www.knowledgetrain.co.uk/business-analysis/business-analyst-course/bcs-business-analysis-certification/bcs-international-diploma-in-business-analysis"},"offers":{"@type":"Offer","url":"https://www.knowledgetrain.co.uk/business-analysis/business-analyst-course/bcs-business-analysis-certification/bcs-international-diploma-in-business-analysis","price":null,"priceCurrency":null,"availability":"http://schema.org/InStock","validFrom":"2026-06-12"},"courseSchedule":{"@type":"Schedule","startDate":"1970-01-01","endDate":"1970-01-01","repeatCount":1,"repeatFrequency":"Daily"}}]}Increase project success rates.
Yes. PRINCE2 remains widely used where governance, accountability and auditability are important, including public sector and regulated environments. It is also commonly tailored to work alongside Agile delivery methods, keeping PRINCE2 controls while enabling iterative delivery. A project plan is a vital part of
What are the 7 principles of PRINCE2?Request a quoteNeed training for your team?project management
The 7 principles are: continued business justification, learn from experience, defined roles and responsibilities, manage by stages, manage by exception, focus on products, and tailor to suit the project. Easily enrol multiple courses online in a single checkout, or , as it outlines the steps needed to complete a project, as well as the resources and stakeholders involved.
What are the 7 processes of PRINCE2? request a bespoke quoteProject planning process
The 7 processes are: starting up a project, directing a project, initiating a project, controlling a stage, managing product delivery, managing a stage boundary, and closing a project. for tailored group training.Understanding the project planning phase
PRINCE2 vs PMP, what is the difference? It’s time to understand the project planning phase. This is an essential step in the project management process, and one that will have a significant impact on your chances of successfully completing your project. Let’s look at the project lifecycle in general and then the key tasks that make up the planning phase.
PRINCE2 is a prescriptive project management method with defined roles, stages and management products. PMP (Project Management Professional) is a certification based on PMI standards and the PMBOK Guide body of knowledge, focusing on a broad set of project management practices that can be applied in different ways depending on the organisation. Project management lifecycle overview
How long does PRINCE2 certification take? The four phases of the project management lifecycle are as follows:HM Treasury Green Book – what is it?
Time varies by experience and study approach. Many learners prepare for PRINCE2 Foundation in a few days of focused study, and PRINCE2 Practitioner typically requires additional preparation to practise application and tailoring in scenario questions. Project initiation Requirements Engineering helped me sharpen the way I capture, validate, and manage requirements. It’s made my conversations with stakeholders much more focused.
Is PRINCE2 certification hard?Manage Consent: This is where you first identify a business need or problem, then offer a potential solution. Key activities here include:Simon BuehringNatalie S., Business Analyst
Difficulty depends on familiarity with project management concepts and exam technique. Foundation tests knowledge of terms and structure, while Practitioner is more challenging because it tests applying the method in context, including tolerances, management products, change control and the business case. Preparing a project charter19 Feb 2026Why choose Knowledge Train?
What is the difference between Foundation and Practitioner?To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.Identifying project stakeholders Accredited BCS provider
PRINCE2 Foundation verifies you understand PRINCE2 concepts, principles, themes and processes. PRINCE2 Practitioner verifies you can apply and tailor PRINCE2 to a scenario, using appropriate controls, roles, management products, and stage based planning. Conducting feasibility studies and research.Discover the HM Treasury Green Book's guidelines for evaluating policies and projects. Read on to understand its monitoring and evaluation directives.