ISO/IEC/IEEE 12207:2017
Clause 6.2: Organizational project-enabling processes – ISO/IEC/IEEE 12207:2017

ISO/IEC/IEEE 12207:2017 6.2.3: Portfolio Management process: initiate, sustain, redirect and close projects against the organisation's strategy

What does 6.2.3 require?

The organisation qualifies and prioritises business opportunities, investments and necessities, identifies the projects to pursue, allocates resources and budgets to each, defines project management responsibility, accountability and authority, sustains the projects that are meeting their agreements and stakeholder requirements, redirects or terminates those that are not, and closes those that have completed. For software this includes managing a product line or service catalogue as a portfolio of assets. Activities: define and authorise projects, evaluate the portfolio, terminate projects.

Maintained by Gerard Blokdyk

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