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Undoubtedly, the PMBOK Guide and PRINCE2 are the two most important and widely-used project management standards today. How compatible are they? This is the subject of many interesting articles around the web. I’m going to discuss the topic in a very narrow, but slightly deeper way: how compatible PRINCE2 core principles are with the PMBOK Guide.

As we all know a picture is worth a thousand words. This was the starting point for a couple of blog posts. I just came across some new PRINCE2 related QRCs from Pro optimize (www.prooptimize.be). In two previous blogs I described the following PRINCE2 quick references cards:

In the previous blog I created the P3M3 Quick Reference Card. The P3M3 has a little sister called P2MM (PRINCE2 Maturity Model). P2MM is derived from the P3M3. A previous version of the P2MM only had the first three levels but now it has the same five levels as P3M3. You can use it to assess your current adoption of PRINCE2 and put in place improvement plans with measurable outcomes based on best practices. You could also use this model together with the P3M3 model and use P2MM in place of the PjM3 part of P3M3.

Many organizations have invested in setting up a PMO, implemented methods and frameworks like PRINCE2, MSP and MoP, and organized training to qualify staff. But sometimes they still don’t see the return on their investment. Some projects or programmes delivered well and others are at risk or complete disasters and the can’t answer the question why?

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