Project management in an inseparable part of organizations in today’s fast changing global economy. Its practices began a century ago, but it became an essential factor of successful organizations only in the past few decades.

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Reduce the risk of
project failure with
ISO 21500

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Project management in an inseparable part of organizations in today’s fast changing global economy.
Its practices began a century ago, but it became an essential factor of successful organizations
only in the past few decades. Managing projects efficiently is crucial for organizations that want
to overcome obstacles and achieve their goals and objectives. According to ISO 21500, “project
management is the application of methods, tools, techniques and competencies to a project.”
Companies worldwide are becoming more aware on the importance of investing time, money
and resources on projects. This attention came as a result of effective implementation of project
management tools and techniques which led to the success of organizations across different
sectors.
Project management success is only possible when skilled and knowledgeable professionals are
part of the team. The competitive business environment has shifted the perception of a job, and it
has made project management a must skill. Whether you are in the automotive, pharmaceutical,
information technology, oil or food industry, having such skills will increase your career potential. In
addition, these are skills that employees can transfer from one industry to another and still achieve
success.
Employees who possess project management skills are a valuable asset to their organization.
Training the team involved in projects is essential in avoiding the risks of project failure. Providing
training for your employees will only make your organization more successful. According to point 13
of Deming’s 14 management principles, it is important to “institute a vigorous program of education
and self-improvement.”
International Organization for Standardization (ISO) has created ISO 21500 standard which is a
guideline that provides the essential concepts and processes that are considered most effective in
project management. The project management standard can be used by all types of organizations,
and for all types of projects regardless of their length, complexity or size.

3. ISO 21500 has been drafted in accordance with PMBOK’s principles of project management, as Project Management
Institute (PMI) had a leading role during the drafting process of the standard. This standard serves as a guideline to
project management and aims at helping organizations implement projects successfully. According to ISO 21500,
“a project consists of a unique set of processes consisting of coordinated and controlled activities with start and end
dates, performed to achieve project objectives.”
There are a set of processes that need to be followed which according to ISO 21500 reduce the risks of project
failure. First the project team needs to select the processes required to meet the project objectives, and then develop
a plan to meet those objectives. In addition, the project should comply with internal and external requirement while
reducing potential risks that could affect the project. It is also important for the project management team to have
the support of the organization to perform their tasks more effectively.
The sequence of processes that can be followed to deliver projects include initiating, planning, implementing,
controlling, and closing. Implementing these steps with success leads to significant benefits, including the following:
• Better planning leading to completion of project of time and within budget
• Better understanding of team roles leading to improved productivity
• Enables the transfer of knowledge throughout the organization for successful project implementation
• Better allocation of resources
• Reduces the risk of project failure and costs associated to it
• Facilitates the documentation process
• Makes the organization more effective and efficient while increasing quality
Project management is highly important for organizations worldwide. According to Anderson Economic Group
study, the number of employees involved in project management in different industries will reach 32.6 million. This
clearly indicates that the need for qualified professionals in project management will keep increasing. ISO 21500
training and certification reduce the risk of project failure because certified professionals can overcome obstacles
and achieve the project objectives.
PECB (Professional Evaluation and Certification Board) is a certification body for persons on a wide range of
international standards. PECB will soon offer ISO 21500 training and certification services for professionals wanting to
gain a comprehensive knowledge in project management, its principles, core subjects and issues. This training suits
professionals of different industries wanting to prepare and to support an organization in successfully implementing
project management principles. Demonstrate that you have the necessary skills to manage projects and eliminate
any obstacle which prevent you from delivering them with success by following PECB’s ISO 21500 training.
ISO 21500 and Project Management Trainings that will be soon offered by PECB:
• Certified ISO 21500 Lead Implementer (5 days)
• Certified ISO 21500 Lead Auditor (5 days)
• Certified ISO 21500 Foundation (2 days)
• ISO 21500 Introduction (1 day)
ISO 21500 Lead Auditor, ISO 21500 Lead Implementer and ISO 21500 Master are certification schemes accredited
by ANSI ISO/IEC 17024.
Lorika Bina is the Transport, Telecommunications and Energy (TTE) Product Manager at PECB. She is in charge
of developing and maintaining training courses related to TTE. If you have any questions, please do not hesitate to
contact her at: tte@pecb.org.
For further information, please visit www.pecb.org/en/training
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