PRINCE2
Project management methodology for governance and control
ISO 19600
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.
PRINCE2
PRINCE2 7th Edition: Projects IN Controlled Environments
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
ISO 19600
ISO 19600:2014 Compliance management systems—Guidelines
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
| Aspect | PRINCE2 | ISO 19600 |
|---|---|---|
| Scope | Project management methodology and governance | Compliance management systems guidelines |
| Industry | All sectors, global, scalable to size | All organizations, global, risk-proportionate |
| Nature | Voluntary structured method, certification available | Voluntary guidelines, non-certifiable (withdrawn) |
| Testing | Stage reviews, exception reports, audits | Internal audits, management reviews, monitoring |
| Penalties | No legal penalties, project failure risk | No legal penalties, compliance exposure risk |
Scope
Industry
Nature
Testing
Penalties
Frequently Asked Questions
Common questions about PRINCE2 and ISO 19600
PRINCE2 FAQ
ISO 19600 FAQ
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