ISO 21500:2021
Clause 4: Project, programme and portfolio management concepts – ISO 21500:2021

ISO 21500:2021 4.5: Implement strategy through projects, programmes and portfolios

What does 4.5 require?

Strategic objectives should guide the identification of potential projects and programmes, which may then be grouped into one or more portfolios. Selection should weigh cost against benefit, the types of benefit sought, acceptable risk and exposure, fit with strategic objectives, resource availability, and when costs arise compared with when benefits appear. Portfolio management may be used to plan resource allocation and benefit timing, contain overall risk exposure, coordinate schedules across work, and support deliberate decisions on selecting, prioritising and closing projects, programmes and other work.

Maintained by Gerard Blokdyk

Other controls in Clause 4: Project, programme and portfolio management concepts – ISO 21500:2021

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