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ITIL vs. PRINCE2

ITIL vs. PRINCE2: Everything You Need to Know

Jun 04, 20174 mins read
ITIL vs. PRINCE2: Everything You Need to Know

RINCE2 and ITIL are two examples of guidance about technology that is pertinent in the digital age. Both of these approaches have been instrumental in the worlds of project management and IT for many years. And both of them also have been recently updated to get progress with modern ways of working.

What is ITIL?

ITIL is basically an IT service management approach that mainly focuses on service management and end-to-end product, from demand to value. It can be adapted and adopted to any entity that uses IT technology in service delivery. ITIL has progressed for a number of years; its most latest version was released in 2019. ITIL is certified and owned by Axelos.

Who uses ITIL?

The context and breadth of ITIL are very important in terms of technology and business aspects in service management so that anyone involved in the sector of the industry that uses IT will be able to learn and apply methodologies of IT. As the cornerstone of ITIL is on staff working in IT and IT service management are the primary target.

Core components of ITIL

The two main components of ITIL are the Service Value System (SVS). The SVS represents how the various activities and components of an entity work together in order to facilitate value creation through IT-enabled services. It includes:

  • ITIL management practices
  • ITIL service value chain
  • ITIL guiding principles
  • Continual improvement
  • Governance

The Four Dimensions model that the company’s Service value system should consider to be balanced and holistic in its approach:

  • Value streams and processes
  • Information and technology
  • Organizations and people
  • Partners and suppliers

ITIL certifications

The core certification course modules in ITIL includes:

  • ITIL Foundation
  • ITIL Managing Professional Stream
  • ITIL Specialist Create, Deliver & Support
  • ITIL Specialist High Velocity IT
  • ITIL Specialist Drive Stakeholder Value
  • ITIL Strategist Direct, Plan & Improve
  • ITIL Managing Professional Transition
  • ITIL Strategic Leader Stream
  • ITIL Leader Digital & IT Strategy
  • ITIL Strategist Direct, Plan & Improve
  • ITIL Master

What is PRINCE2?

PRINCE2 is a structured project management method that could be applied to any organization as it is deliberately generic. It set apart management from specialist work and focuses on the ‘what’ instead of ‘how’ of management.

Who uses PRINCE2?

PRINCE2 is useful for those who industries who are involved in projects or in executive leadership or staff handling any aspect of a project within an entity. However, its main target is project managers and anybody that is working in an office of project management.

Core components of PRINCE2

PRINCE2 methodology made up of four unsegregated elements:

**Principles: **There are seven good practices and guiding obligations that determine whether a project is originally being managed by using PRINCE2.

**Themes: **There are seven aspects of project management that should be addressed in parallel and continued throughout the project.

Processes: There are seven series of actions that describe the progression of the project lifecycle, from start to end. Each process has checklists of recommended products, activities, and related responsibilities.

Environment: Its guidance on customizing PRINCE2 in order to create your entities’ own project management method and sets it into your traditional way of working.

PRINCE2 certifications

The core certification course modules in PRINCE2 includes:

  • PRINCE2 Foundation
  • PRINCE2 Agile Foundation
  • PRINCE2 Practitioner
  • PRINCE2 Agile Practitioner

Whether an organization is simply want to align their service management or to look for implementing projects in order to digitally transform their operations, it is quite clear that PRINCE2 and ITIL could provide value and support for both goals.

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