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Tuesday, June 27, 2006

New PMI Standards

The Project Management Institute has released two new standards. They are:

The Standard for Program Management

The Standard for Portfolio Management

As stated in the Standard for Program Management, "The Standard for Program Management aims to provide a detailed understanding of program management and promote efficient and effective communication and coordination among various groups. With its ability to help assess the variety of factors linking projects under one program and provide the best allotment of resources between those projects, this standard is an invaluable tool for program and project managers alike."

In the introduction the Program Management Standard states: "The Standard for Program Management provides guidelines for managing programs within and organization. It defines program management and related concepts, describes the program management life cycle and outlines related processes. This standard is an expansion of information provided in A Guide to the Project Management Body of Knowledge."

It appears on first glance that both Standards will be an excellent resource for all project managers. You can purchase them both at the PMI website

Your comments are always welcome

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