PRINCE2® (PRojects IN Controlled Environments) is an internationally recognised project management methodology that has become the de facto standard for project management in the UK and is used throughout Australia, Asia, Europe and USA. PRINCE2® is a process-based approach to project management that encapsulates best practise and establishes a framework for control within the project environment. This flexible methodology can be tailored to suit the needs, scale and complexity of any project and ensures that a consistent, methodical and controlled approach is adopted for the management of projects.