Learn about the fundamental principles, themes, and processes of PRINCE2: PRojects IN Controlled Environments. PRINCE2 is a process-based approach to project management, providing an easily tailored and scalable method for the management of all sizes and types of projects. The method is practiced worldwide, but it is the de facto standard for project management in the UK. Here, Claudine Peet reviews the seven principles and themes of PRINCE2 and the seven processes, from initiation to delivery to closure.