Identifying the Missing Element in PRINCE2 Method

B.

The missing word in the sentence is "processes."

PRINCE2 is a project management methodology that is widely used in various industries. It provides a structured approach to project management and consists of four integrated elements: principles, themes, processes, and tailoring PRINCE2 to the project environment.

The principles of PRINCE2 are guiding statements and best practices that help ensure that the project is managed effectively. These principles are based on experience and best practices from various projects.

The themes of PRINCE2 are aspects of the project that must be continuously addressed throughout the project lifecycle. There are seven themes in PRINCE2, which are business case, organization, quality, plans, risk, change, and progress.

The processes of PRINCE2 provide a step-by-step approach to managing the project. There are seven processes in PRINCE2, which are starting up a project, initiating a project, directing a project, controlling a stage, managing product delivery, managing stage boundaries, and closing a project.

Tailoring PRINCE2 to the project environment involves adapting the methodology to suit the needs of the project. This involves considering factors such as the size, complexity, and risks associated with the project.

Therefore, the missing word in the sentence is "processes" as PRINCE2 addresses project management with four integrated elements: principles, themes, processes, and tailoring PRINCE2 to the project environment.