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Glossary

Prince2

PRINCE2 stands for PRojects IN Controlled Environments. The 2 marks the second edition from 1996, which followed PRINCE from 1989. PeopleCert (AXELOS) published the current edition, PRINCE2 7, in 2023. It is a formal project approach which provides functions like Planning, Monitoring, and Controlling. It encourages individuals or teams to attain their goals timely. It also takes care of budget. It is also termed as a certification which is essential for UK and Europe project managers.

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