This document summarizes a webinar about the PRINCE2 2017 update. The webinar was presented by Andy West and Allan Thomson to explain the rationale and key changes of the PRINCE2 2017 update. The update aims to make PRINCE2 more relevant by placing less emphasis on processes and more on principles like tailoring. It restructures the themes to provide more guidance on practical application and tailoring. The transition process to the new version was also outlined.