ÖNORM ISO 21502

The purpose of this International Standard is to provide guidance on the principles of project and programme portfolio management. Typically, management of a project and programme portfolio supports the organization's strategies to deliver organizational value. The target audience for this standard is: a) executives and senior managers responsible for setting and implementing organizational strategy and business planning; b) decision makers responsible for selecting, authorizing and governing projects, programmes and portfolios; c) teams and individuals responsible for implementing and managing the project and programme portfolios; d) project and programme managers and other stakeholders. This International Standard provides guidance on the principles of project and programme portfolio management. This standard is relevant to any type of organization including public or private and any size organization and sector. The guidance presented in this standard is intended to be adapted to suit the specific environment of the project and programme portfolio. This standard does not provide guidance on project management, programme management, or general business portfolio management (e.g. financial portfolio management).