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RINCE was derived from an earlier method called PROMPT II (Project Resource Organisation Management Planning Techniques). In 1989 the Central Computer and Telecommunications Agency (CCTA) adopted a version of PROMPT II as a UK Government standard for information systems (IT) project management. They gave it the name ‘PRINCE’, which originally stood for “PROMPT II IN the CCTA Environment”. PRINCE was renamed in a Civil service competition as an acronym for “PRojects IN Controlled Environments”. PRINCE2 is the second edition of the earlier PRINCE method which was initially announced and developed in 1989 by CCTA (the central computer and Telecommunications Agency), a UK government support agency. PRINCE2 was released in 1996 as a generic project management method. PRINCE2 has become increasingly popular and is now a de-facto standard for project management in many UK government departments and across the United Nations system.
There have been two major revisions of PRINCE2 since its launch in 1996: “PRINCE2:2009 Refresh” in 2009, and “PRINCE2 2017 Update” in 2017. The justification for the 2017 update was the evolutions in practical business practices and feedbacks from PRINCE2 practitioners in the actual project environment. The second edition was announced and released in 1996 as a generic PM methodology
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