Prince2 is the world’s most widely adopted project management method” and it is based on established and proven best practices for governance.
Initially, it was established by the UK Government for governance in the Govt. Commerce Office.
Prince 2 is adopted by people and organizations across different industries and is a generic project management method that can be tailored to ANY project regardless of scale, type, organization, geography or culture.
Prince2. Used irrespective of domain: banking, construction, defense, IT, public sector, space exploration projects. It can be used for small, medium and large projects as well.
It helps the organization to separate the management of the work from the specialist contribution. Thus enabling the organizations to focus on describing what needs to be done rather than prescribing how everything should be done. i.e. Process orientation.
Prince2 can be used for waterfall and agile methodologies which in turn have their benefits.