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Clare Naden
Published: Wednesday, April 14, 2021 - 12:00 (ISO: Geneva) -- Successful project management is fundamental to greater efficiency and better outcomes. It is also often inextricably linked with program 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, program, 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: The ISO 21500 series was developed by ISO technical committee ISO/TC 258, “Project, programme and portfolio management,” whose secretariat is held by ANSI, ISO’s member for the United States. The standards can be purchased from your national ISO member or the ISO Store. Quality Digest does not charge readers for its content. We believe that industry news is important for you to do your job, and Quality Digest supports businesses of all types. However, someone has to pay for this content. And that’s where advertising comes in. Most people consider ads a nuisance, but they do serve a useful function besides allowing media companies to stay afloat. They keep you aware of new products and services relevant to your industry. All ads in Quality Digest apply directly to products and services that most of our readers need. You won’t see automobile or health supplement ads. So please consider turning off your ad blocker for our site. Thanks, Clare Naden is a news and communications specialist at the International Organization for Standardization (ISO). Naden has extensive experience, both agency and client for a diverse range of sectors. Skills include developing and executing both local and pan European or global PR plans, writing across a variety of mediums for different audiences, strategic counsel, internal and external communications and media relations. A member of the International Food, Wine and Travel Writers' Association. WSET 2.Improving Project Management
Two new standards join the ISO series
• ISO 21503—“Project, programme and portfolio management —Guidance on programme management”
• ISO 21504—“Project, programme and portfolio management —Guidance on portfolio management”
• ISO 21505—“Project, programme and portfolio management —Guidance on governance”
• ISO/TR [1] 21506—“Project, programme and portfolio management —Vocabulary”
• ISO 21508—“Earned value management in project and programme management”
• ISO 21511—“Work breakdown structures for project and programme management”
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Clare Naden
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