PRINCE2 (an acronym for Projects IN Controlled Environments) is a methodology which talks about a process for managing a project in any sector of the economy in order to improve the chances of successful outcomes and outputs for the project owner. It is a structured project management method based on experience drawn from thousands of projects – and from the contributions of countless project sponsors,Project Managers, project teams, academics, trainers and consultants. There are other methodologies that may do the same but Prince2 is the most widely adopted worldwide. Used extensively by the UK Government, PRINCE2 is also widely recognized and used in the private sector, both in the UK and internationally. The PRINCE2 method is in the public domain, and offers non-proprietorial best practice guidance on project management.