International Research Confirms PRINCE2 Framework and PRINCE2 Advantages Underpin Project Success

Global Study From Queensland University of Technology and Sponsored by APM Group, OGC and TSO Shows That PRINCE2 Project Management Methodology has Retained its Position as the Primary Route to Successful, on Time and on Budget Projects

HIGH WYCOMBE, England, September 9, 2010 - The APM Group, www.apmg-international.com, OGC's
official Accreditor, has published the results of research into industry
perceptions of the PRINCE2 framework (
www.prince-officialsite.com/AboutPRINCE2/AboutPRINCE2.asp) and
specifically the PRINCE2 advantages (
www.prince-officialsite.com/AboutPRINCE2/PRINCE2Comparison.asp),
undertaken by Queensland University of Technology and in conjunction with the
UK Office of Government Commerce (OGC) and TSO.

Over 500 project managers were approached, all of whom were
experienced PRINCE2 project managers from the UK, US, Europe and Australia
and working across diverse industry sectors such as ICT, Construction and
Transport.

The research methodology was 'Concept Mapping' - a process
using brainstorming, sorting and cluster analysis to ascertain and rank the
concepts according to participant agreement. Statements are then ranked on a
scale from 1 (low agreement) to 5 (high agreement).

Research Results Summary:

There was strong agreement that the PRINCE2 project management
methodology (www.prince-officialsite.com/faq.asp) is a very robust,
comprehensive and pragmatic project management framework, which underwrites
project success.

Major PRINCE2 advantages included:

Attention paid to the business case to ensure continuing
project viability

Extremely strong frameworks and manuals

Extensive guidance offered on project governance

Comprehensive definition of roles and responsibilities

The respondents who were not PRINCE2-accredited identified
their own project frameworks as lacking in areas such as risk management,
business case definition and requirements management.

But despite this favourable comparison for PRINCE2, there was
an acknowledgement that deployment of PRINCE2 frameworks was often
constrained by insufficient stakeholder buy-in. Staff with no decision-making
authority were often delegated to and organisations were generally criticised
for not giving sufficient priority to project governance.

Background and Commentary

PRojects IN Controlled Environments (PRINCE) is a
process-based approach for project management providing an easily tailorable,
scaleable method for the management of all types of projects. Although its
origins began in the UK in 1996, the PRINCE2 framework has now established a
global reach.

Alan Harpham, Chairman of APM Group comments, "In light of the
current economic climate the world's project managers are under incredible
scrutiny and significant pressure to ensure their projects deliver quality on
time and on budget. The research highlights that the PRINCE2 project
management methodology and the associated PRINCE2 advantages help them
achieve this."

Harpham continues, "Although its origins began in the UK, the
PRINCE2 framework now has a truly international reach. We are delighted that
the Queensland University of Technology (QUT) has undertaken this global,
thorough and informative research project into PRINCE2 advantages. While it
highlights the PRINCE2 advantages, the report also looks at the challenges
organizations face when using a project management method such as PRINCE2."

The APM Group works closely with the Office of Government
Commerce and with TSO, its official publisher, to deliver certification
schemes in OGC's Best Practice Methodologies.

For further information on this research visit
www.PRINCE-officialsite.com

PRINCE2(R) is a Registered Trade Mark of the Office of
Government Commerce in the UK and other countries.

About The APM Group

The APM Group (APMG) is a global business providing
accreditation and certification services. Through its international network
of Accredited Consultancy and Training Organisations APMG helps end users
develop their professional skills and organisations improve their processes
through the adoption of worldwide best practice.

APMG is the only organisation offering professional qualifications in
Programme and Project management with third party independent accreditation
through the United Kingdom Accreditation Service (UKAS). APMG works closely
with the UK Office of Government Commerce (OGC) and TSO (The Stationery
Office Ltd), their official publisher in running global accreditation schemes
in the PRINCE2 project management methodology, MSP (Managing Successful
Programmes), M_o_R(R) (Management Of Risk) and ITIL(R) (IT Infrastructure
Library).

Other partners include The Association of Proposal Management
Professionals (APMP) and the UK's Chartered Management Institute.

For further details about APMG's qualification and
accreditation schemes visit: www.apmgroup.co.uk or call
+44(0)1494-452450

    For further information, please contact:
    Amy Hopkins
    Itpr
    Tel. +44(0)1932-578800

    Kate Winter
    APM Group UK
    Tel. +44(0)1494-452450

For further information, please contact: Amy Hopkins, Itpr, Tel. +44(0)1932-578800; Kate Winter, APM Group UK, Tel. +44(0)1494-452450