Knowing better about project management according to ISO 21500.

By Global Trust Association

01 July, 2019 | 19:07hrs

Project management has become a required practice allowing small and large organizations to achieve their objectives and obtain benefits comprised in various areas of business management. In that regard, the Project Manager is responsible for applying –based on his/her knowledge and skills– methods, processes, tools, techniques, etc. in order to a project achieve the objectives expected by the company.

Today, there are several frameworks for project management, traditional practices that have been used as a reference for creating the standard ISO 21500, which provides the general concepts and processes for project management, as well as guidance and support project management professionals to conduct any type of project, large or small, complex or simple, and to manage teams and other resources.

This standard is composed of a series of clauses, which in turn define the compliance guide, the framework for project management, and all the considerations to ensure success. The main components of this standard are divided into 2 large blocks:

  • Project Management Concepts. The general idea is to standardize the understanding of main concepts, while implicitly defining the aspects to be considered when managing a project.
  • Project Management Processes. They comprise 39 processes and their application is determined by the Project Manager, who must select the right combination of processes that best applies in achieving the project objectives. These processes can be observed and applied in the project based on 2 perspectives:
    • The first perspective refers to the groups of processes, which include certain processes divided, as appropriate, at the beginning, during planning, implementation or execution, control and monitoring, and finally, closure of a project stage or to the project itself.
    • The second perspective corresponds to 39 processes divided by subject group, including the integration, stakeholders, scope, resources, time, costs, risks, quality, procurement and communications.
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