Thanks and yes it is. The model is in fact an extrapolation of Microsoft's Solution Framework from the '90s. On the problem solving side I was far more impressed by a book from Betty Vandenbosch (Designing Solutions for Your Business Problems: A Structured Process for Managers and Consultants) than I was by Prince.
Great, thanks for the book reference. I will look into that.
Even the PRINCE2 framework itself states that it is meant to be adapted to the context where it is applied. It is way overkill when applied 100%, which has led to several IT fiascos[0]. But the workflows and overall goals PRINCE2 seeks to achieve are productive I would say. I have applied it to orgs where there was NO insight into how to run projects and programs, it has at given a meaning to what we have been working on. It has also given legitimacy of why one chose to focus heavily on things which might seem uninteresting to some managers.
Whenever I deviate we just say "since we're now in agile mode, we don't have to do this particular step here" :)
I agree. ANY structured process will be better than chaos. Most people dislike Prince especially just because it seeks to tame the chaos that came before. People don't like change.