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AXELOS to maximise profits in PRINCE2 and other best practice products

The formation of

AXELOS as a joint venture between Capita and the Cabinet Office to manage project management qualification such as PRINCE2®, and ITIL®. This is a dramatic change for the development of a business model for project management training. Capita has committed to pay £10m as an up front payment and then £9.4m per year over the next three years. This is a huge shift from the APMG Group which while a profit making organisation always seemed to trace it’s culture back to the days when it was the trading arm of the Association for Project Management. It is clear that the government (and Capita) see this as money making venture, not about the successful delivery of projects. Francis Maude, minister for the Cabinet Office said: “We are committed to getting Britain ahead in the global race,.. we want to exploit these hidden gems and use the profits. It’s a great endorsement of the civil service that major companies use PRINCE2® and ITIL®, but business expertise and investment is needed to develop them commercially.”

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