PRINCE2
Structured project management methodology for governance and control
WELL
Performance-based certification for occupant health in buildings
Quick Verdict
PRINCE2 governs projects with principles, practices, and processes for controlled delivery across industries. WELL certifies buildings for occupant health via air, water, and wellness metrics. Companies adopt PRINCE2 for reliable project success; WELL for enhanced well-being and ESG value.
PRINCE2
PRINCE2: Projects IN Controlled Environments 7th Edition
Key Features
- Exception-based management using defined tolerances
- Continued business justification at stage boundaries
- Tailored application to suit project context
- Product focus with acceptance criteria
- Governance via project board and defined roles
WELL
WELL Building Standard v2
Key Features
- Mandatory on-site performance verification testing
- 10 concepts covering air, water, light, and more
- 24 preconditions plus 102 point-based optimizations
- Tiered certification from Bronze to Platinum
- Continuous monitoring pathways for compliance
Detailed Analysis
A comprehensive look at the specific requirements, scope, and impact of each standard.
PRINCE2 Details
What It Is
PRINCE2 (Projects IN Controlled Environments) is a process-based project management framework, now in its 7th Edition. It provides structured governance, control, and delivery for projects of any scale, emphasizing principle-guided, stage-managed execution to ensure value delivery.
Key Components
- **Seven PrinciplesGuiding obligations like continued business justification, manage by exception, and tailoring.
- **Seven PracticesBusiness case, organization, plans, quality, risk, issues, progress—applied continuously.
- **Seven ProcessesStarting Up, Directing, Initiating, Controlling a Stage, Managing Product Delivery, Stage Boundaries, Closing.
- Certification via Foundation and Practitioner levels from PeopleCert.
Why Organizations Use It
- Ensures auditability and compliance in regulated sectors.
- Reduces risks through tolerances and stage gates.
- Improves success via tailored governance and executive efficiency.
- Builds stakeholder trust with clear roles and repeatable delivery.
Implementation Overview
- Phased rollout: gap analysis, tailoring blueprint, training, pilots, institutionalization.
- Scalable for all sizes/industries; focuses on certification and assurance.
- Emphasizes executive sponsorship and lessons logs for continuous improvement.
WELL Details
What It Is
The WELL Building Standard v2 is a performance-based certification framework from the International WELL Building Institute (IWBI). It targets human health and well-being in built environments via evidence-based design, operations, and policies. Its methodology combines mandatory Preconditions with optional Optimizations for measurable outcomes.
Key Components
- **10 core conceptsAir, Water, Nourishment, Light, Movement, Thermal Comfort, Sound, Materials, Mind, Community (+ Innovation)
- 24 Preconditions (pass/fail) and 102 Optimizations (points)
- Tiers: Bronze (40 points), Silver (50, min 1/concept), Gold (60, min 2/concept), Platinum (80, min 3/concept)
Why Organizations Use It
- Drives productivity, reduces absenteeism, boosts ESG reporting
- Provides verified health metrics for tenant attraction
- Mitigates risks like poor IAQ; complements LEED
- Enhances reputation and asset value
Implementation Overview
- Phased: gap analysis, scorecard development, documentation, on-site verification
- Suits new/existing buildings, all sizes/industries
- Third-party review and testing required; recertify every 3 years
Key Differences
| Aspect | PRINCE2 | WELL |
|---|---|---|
| Scope | Project governance, processes, principles | Building health, air, water, well-being |
| Industry | All sectors, global project management | Real estate, facilities, global buildings |
| Nature | Voluntary project management methodology | Voluntary building certification standard |
| Testing | Stage reviews, exception reports, audits | On-site performance verification, testing |
| Penalties | No legal penalties, certification loss | No legal penalties, certification loss |
Scope
Industry
Nature
Testing
Penalties
Frequently Asked Questions
Common questions about PRINCE2 and WELL
PRINCE2 FAQ
WELL FAQ
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