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The name PRINCE2™ stands for “Project IN Controlled Environments”, is a Trade Mark of the Office of Government Commerce, registered in the United States Patent and Trademark Office. The structure methods explain the key elements required to produce an effective management, which helps avoid most common mistake and effect of a failed project. PRINCE2™ was initiated on the 1st October 1996 and has been subsequently revised and updated in 1998 and 2002. The writers explained that PRINCE2™ is a management environment that is created for the purpose of delivering one or more business products according to a specified Business Case...
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