What is ISO NP 23736 ?

Title: What is ISO NP 23753? A Technical Article on the ISO NP 23753 Standard

Introduction:

Project management is a critical aspect of any organization that wants to achieve its goals. With the ever-increasing competition and the need for efficiency, it is essential to have effective project management practices in place. The International Organization for Standardization (ISO) has developed numerous standards to ensure consistency and quality in various industries. In this technical article, we will explore the ISO NP 23753 standard, which focuses on project portfolio management.

What is ISO NP 23753?

ISO NP 23753 is a standard published by the ISO that focuses on project portfolio management. It outlines a framework for managing and controlling the delivery of multiple projects, including their lifecycles, in a portfolio context. The standard provides guidelines for organizations to ensure effective project management practices, including the development and management of project portfolios, and the alignment of portfolio management activities with business objectives.

Key Components of ISO NP 23753:

ISO NP 23753 provides a structured approach to project portfolio management, including the following key components:

Project Portfolio Management Framework: This framework provides guidance on the management and control of multiple projects in a portfolio context. It includes a set of processes and activities that help organizations to manage project portfolios effectively.

Portfolio Management Team: This component outlines the roles and responsibilities of the team responsible for managing the project portfolio.

Portfolio Management Plan: This component outlines the project portfolio management strategy and the processes and activities that should be in place to ensure project success.

Portfolio Monitoring and Reporting: This component outlines the methods and techniques for monitoring and reporting on the project portfolio, including the use of metrics and performance indicators.

Understanding ISO NP 23753:

By adhering to the ISO NP 23753 standard, organizations can improve their project management capabilities, enhance productivity, and reduce risks associated with project execution. Understanding the key components of ISO NP 23753 is crucial for professionals in the field to successfully implement projects in a systematic and standardized manner.

Conclusion:

ISO NP 23753 is an essential standard for organizations that want to improve their project portfolio management capabilities. By adhering to the key components outlined in the standard, organizations can ensure effective project management practices, including the development and management of project portfolios, and the alignment of portfolio management activities with business objectives.