What It Is

PRINCE2 (Projects IN Controlled Environments) is a structured project management framework and methodology. Its primary purpose is to provide governance, control, and delivery assurance across projects of varying scale. It employs a principle-based, process-driven approach with staged management and exception handling.

Key Components

• **Three pillars7 Principles, 7 Practices, 7 Processes.
• Core principles include continued business justification, manage by stages, manage by exception, and tailoring.
• Processes cover lifecycle from starting up to closing a project.
• Compliance via Foundation/Practitioner certifications; no mandatory external audits.

Why Organizations Use It

• Ensures repeatable governance and value delivery.
• Reduces risks through tolerances and escalation.
• Builds stakeholder trust via auditable artifacts like PID and business cases.
• Scalable for public/private sectors; enhances success rates with tailoring.

Implementation Overview

• Phased: readiness assessment, tailoring blueprint, training, pilots, rollout.
• Focus on roles (project board, manager), artifacts (plans, registers).
• Suits all sizes/industries with tailoring; certification pathways build competence. (178 words)

What It Is

ISO 26000:2010 is the International Standard providing Guidance on Social Responsibility. It is a voluntary guidance framework, explicitly not intended for certification or regulatory use. Its primary purpose is to help organizations of all types, sizes, and locations integrate social responsibility through transparent, ethical behavior contributing to sustainable development. It employs a holistic, principles-based approach with stakeholder engagement to identify relevant issues.

Key Components

• **Seven core principlesAccountability, transparency, ethical behavior, respect for stakeholder interests, rule of law, international norms, human rights.
• **Seven core subjectsOrganizational governance, human rights, labor practices, environment, fair operating practices, consumer issues, community involvement.
• No prescriptive controls; focuses on integration throughout the organization.
• Non-certifiable model emphasizing self-assessment, reporting, and alignment with frameworks like SDGs, OECD.

Why Organizations Use It

Enhances sustainability commitment, builds stakeholder trust, mitigates risks (reputational, operational), supports ESG reporting. Provides strategic resilience, competitive differentiation in procurement, and alignment with global norms without certification burdens.

Implementation Overview

Phased: baseline assessment, materiality/stakeholder engagement, policy integration, training, monitoring/reporting. Applicable universally; no audits required, uses ISO support tools like Communication Protocol.