Two new standards join the ISO series.
Successful project management is fundamental to greater efficiency and better outcomes. It is also often inextricably linked with programme and portfolio management along with related governance. Which is why two key standards in ISO’s series of documents for the sector have just been updated and expanded, providing even more extensive guidance on these issues.
ISO 21500, Project, programme and portfolio management – Context and concepts, is a foundational standard that provides overarching guidance for the use of the ISO 21500 series of standards. It gives an overview on project, programme and portfolio management and their governance. The standard is now joined by ISO 21502, Project, programme and portfolio management – Guidance on project management, which offers guidance and structure in managing projects with a focus on benefits and outcomes, from inception to completion, including project-related oversight and direction activities.
ISO 21502 provides guidance on the various practices needed in each phase of the project’s life cycle, including planning and control (such as addressing risks and issues, and change control), as well as managing benefits, business and societal change and information.
These two standards are part of the ISO 21500 series that also includes:
- ISO 21503 Project, programme and portfolio management – Guidance on programme management
- ISO 21504Project, programme and portfolio management – Guidance on portfolio management
- ISO 21505Project, programme and portfolio management – Guidance on governance
- ISO/TR 21506 Project, programme and portfolio management – Vocabulary
- ISO 21508Earned value management in project and programme management
ISO 21511 Work breakdown structures for project and programme management