An internal factor to consider when tailoring PRINCE2 to a specific project environment is "The organization's procedures." Tailoring must take into account internal practices, procedures, and organizational culture to ensure that the project management approach aligns well with internal governance and can be effectively integrated within the organizational context.References: (PRINCE27 Foundation Handbook, AXELOS)

The Exception Report must be used to inform the project board of a predicted deviation from the agreed stage limits. This report is triggered when stage tolerances are forecasted to be exceeded, requiring the project board's decision on how to proceed with the project.References: = PRINCE27 Foundation handbook and online resources

The purpose of the 'controlling a stage' process in PRINCE2 is to ensure that the stage stays on course and reacts to unexpected events. Part of this process involves producing regular highlight reports for the project board, which summarizes the stage's progress, highlights any issues or risks, and keeps the board informed about ongoing activities.References: PRINCE2 Foundation Manual

Part of the recommended risk management procedure in PRINCE2includes regularly reviewing risk management practices to ensure they are effective. This activity involves evaluating the processes used for risk identification, assessment, and response to ensure that risks are being managed appropriately and that the procedures are fit for purpose.References: PRINCE2Foundation Manual

Applying the organization theme in PRINCE2mandates that the project's approach to engaging with its stakeholders must be clearly defined. This ensures that roles and responsibilities in relation to stakeholder engagement are explicitly outlined and understood, facilitating effective communication and management of stakeholder expectations throughout the project.References: = PRINCE27 Foundation handbook and online resources