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The video introduces the PRINCE2 change theme, emphasizing the importance of managing change within projects. It acknowledges that even with a well-prepared plan, changes are likely to occur due to various factors such as client requests, supplier challenges, and unforeseen circumstances. Therefore, a structured approach to handle these changes is essential. The change theme outlines the methods for effectively managing alterations within the PRINCE2 framework, while also allowing for flexibility in practices that may work better for individual projects. Change is noted to predominantly happen during project delivery stages.