PRINCE2 is used in both the public and the private sector. It is mainly used in the UK by the government, but the method is successfully applied internationally also. PRINCE2 is useful because it focuses on business justification, it supports a well established organization structure for the project management team, it provides a product-based planning approach.

The method also focuses on segmenting the project into several stages that can be easier managed and controlled. Users find this method to be quite flexible. This means that the method can be applied to different levels of the project.

PRINCE2 offers two qualification levels: PRINCE2 Foundation, and PRINCE2 Practitioner. But the advantages of PRINCE2 go further than that, including: increased control of resources, the ability...

The benefits that PRINCE2 provides for organizations include: consistent approach, flexible decision points, management control of plan deviations, good communication channels within the project team.
Reference List

About CompTIA (2008). The Computing Technology Industry Association. Retrieved December 11, 2008 at http://www.comptia.org/about/default.aspx.

About PRINCE2 (2008). Office of Government Commerce. Retrieved December 11, 2008 at http://www.prince2.com/what-is-prince2.asp.