Standards Comparison

    PRINCE2

    Voluntary
    2023

    Project management methodology for governance and control

    VS

    ISO 19600

    Voluntary
    2014

    International guidelines for compliance management systems

    Quick Verdict

    PRINCE2 provides structured project governance for controlled delivery across sectors, while ISO 19600 offers compliance management guidelines for risk-based obligation handling. Organizations adopt PRINCE2 for repeatable project success and ISO 19600 for systematic compliance culture and risk mitigation.

    Project Management

    PRINCE2

    PRINCE2 7th Edition: Projects IN Controlled Environments

    Cost
    €€€
    Complexity
    Medium
    Implementation Time
    6-12 months

    Key Features

    • Manage by exception using tolerances
    • Continued business justification throughout lifecycle
    • Tailoring mandatory for project context
    • Staged governance with board authorizations
    • Product focus with acceptance criteria
    Compliance Management

    ISO 19600

    ISO 19600:2014 Compliance management systems—Guidelines

    Cost
    €€€
    Complexity
    Medium
    Implementation Time
    6-12 months

    Key Features

    • Principles of good governance for CMS
    • Risk-based PDCA management system structure
    • Scalable to organization size and complexity
    • Broad compliance obligations identification
    • Core and soft performance measures

    Detailed Analysis

    A comprehensive look at the specific requirements, scope, and impact of each standard.

    PRINCE2 Details

    What It Is

    PRINCE2 7th Edition, officially Projects IN Controlled Environments, is a structured project management methodology. It provides governance, control, and delivery frameworks for projects of any scale, emphasizing principle-based, tailored application across lifecycle stages.

    Key Components

    • **Seven PrinciplesGuiding obligations like continued business justification, manage by exception, tailoring.
    • **Seven PracticesBusiness case, organizing, plans, quality, risk, issues, progress.
    • **Seven ProcessesStarting up, directing, initiating, controlling stage, managing delivery/boundaries, closing.
    • Certification via Foundation and Practitioner levels.

    Why Organizations Use It

    • Ensures audit-ready governance and exception-based executive oversight.
    • Drives value delivery with staged decisions and tolerances.
    • Meets regulatory needs in public sectors; boosts success via tailoring.
    • Builds stakeholder trust through clear roles and benefits focus.

    Implementation Overview

    • Phased: readiness assessment, tailoring blueprint, training, pilots, rollout.
    • Scalable for all sizes/industries; focuses on PID, registers, reports.
    • No mandatory audits, but certification pathways enhance competence.

    ISO 19600 Details

    What It Is

    ISO 19600:2014, titled Compliance management systems — Guidelines, is an international guideline standard published by ISO. It provides scalable, principles-based guidance for organizations to establish, implement, evaluate, maintain, and improve a Compliance Management System (CMS). The primary purpose is to help manage compliance obligations (legal, regulatory, contractual, voluntary) through a risk-based, PDCA (Plan-Do-Check-Act) approach, aligned with ISO's high-level structure.

    Key Components

    • Core clauses cover context, leadership, planning, support, operation, performance evaluation, and improvement.
    • Emphasizes **principles of good governancecompliance function independence, direct board access, adequate resources.
    • No fixed number of controls; focuses on proportionate processes, risk assessment, obligations identification, training, monitoring (core/soft measures), audits, and continual improvement.
    • Non-certifiable guidelines, benchmarked internally.

    Why Organizations Use It

    • Mitigates compliance risks, reduces penalties, enhances culture.
    • Supports integration with other ISO systems (e.g., 9001, 14001).
    • Builds stakeholder trust, aids regulatory defense; strategic enabler for governance.

    Implementation Overview

    • Phased: gap analysis, policy design, controls rollout, monitoring.
    • Applicable to all sizes/sectors; 6-12 months typical for scalable adoption.
    • No formal certification; internal audits/management reviews suffice. (178 words)

    Key Differences

    Scope

    PRINCE2
    Project management methodology and governance
    ISO 19600
    Compliance management systems guidelines

    Industry

    PRINCE2
    All sectors, global, scalable to size
    ISO 19600
    All organizations, global, risk-proportionate

    Nature

    PRINCE2
    Voluntary structured method, certification available
    ISO 19600
    Voluntary guidelines, non-certifiable (withdrawn)

    Testing

    PRINCE2
    Stage reviews, exception reports, audits
    ISO 19600
    Internal audits, management reviews, monitoring

    Penalties

    PRINCE2
    No legal penalties, project failure risk
    ISO 19600
    No legal penalties, compliance exposure risk

    Frequently Asked Questions

    Common questions about PRINCE2 and ISO 19600

    PRINCE2 FAQ

    ISO 19600 FAQ

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