Reaffirmation of The Standard for Portfolio Management
Portfolio managers oversee a collection of projects, programs, and other activities that are grouped together to meet strategic business objectives. The practice of portfolio management is integral to the implementation of an organization’s overall strategic plan. The Standard for Portfolio Management provides a principle-based approach, making it applicable to a broad range of organizations, regardless of project delivery approach, and expands the description of portfolio management to reflect its relation to organizational project management and the organization. BSR/PMI-08-003-2017 (R202X), The Standard for Portfolio Management (reaffirmation of ANSI/PMI-08-003-2017)
The Standard is available for comment as part of the ANSI required comment period, called BSR-8, which is an ANSI required step that provides the opportunity for our community to participate and provide feedback on the Standard.
You are invited to be part of the reaffirmation process by accessing the Standard and recording your comments via the PMI online Public Comment tool from October 4 – November 18, 2024.
The PMI comment portal https://publiccomment.pmi.org/ allows users to download their comments in a single file in a format for the ANSI BSR comment period ready for adjudication. All comments should be downloaded in a single file and submitted via email to: [email protected] with copy to ANSI: [email protected].
AI Essentials for Project Professionals
We are thrilled to unveil AI Essentials for Project Professionals, a new guide that offers an in-depth exploration of artificial intelligence. This guide covers fundamental AI concepts, its history, and the growing significance of AI in contemporary technology. It provides invaluable insights for practitioners aiming to grasp AI trends and patterns that are transforming industries, along with practical strategies to integrate AI into their project environments.
AI Essentials for Project Professionals is available as a free digital download to PMI members.
For any inquiries or feedback, please reach out to PMI for Support and Service or contact the PMI Standards Team at [email protected].
Standard for Artificial Intelligence in Portfolio, Program, and Project Management
PMI has initiated the development of a proposed new ANSI Standard for Artificial Intelligence in Portfolio, Program, and Project Management which will establish a framework to govern the development, deployment, and oversight of AI initiatives within an organization. This standard will ensure responsible and effective use of AI while promoting transparency, fairness, and accountability throughout the portfolio, program or project lifecycle, ultimately contributing to organizational success and societal benefit.
Dig deeper on our AI in Project Management page to learn more about all PMIxAI Initiatives.
For questions or comments, please contact the PMI Standards Team at [email protected].
The Standard for Program Management—Fifth Edition
We are excited to announce the launch of The Standard for Program Management—Fifth Edition, a comprehensive guide approved by ANSI. This latest edition dives deeper into the principles that govern program management, making it an indispensable tool for portfolio, program and project managers, senior executives and stakeholders.
PMI members can access The Standard for Program Management—Fifth Edition as a complimentary digital download. Digital and print versions are available for purchase to members and non-members through PMI's online bookstore and other retail outlets as of April 2024.
For questions or comments, please contact the PMI Standards Team at [email protected].
Risk Management in Portfolios, Programs, and Projects: A Practice Guide
The Draft Comment Period (DCP) for the Risk Management in Portfolios, Programs, and Projects: A Practice Guide closed 19 February 2024. Thank you to those who participated and provided feedback to this valued resource. All comments made during the DCP will be reviewed by the Development Team, comprised of volunteer practitioners. If the team chooses to make the requested change, the commenter will see their change incorporated when the practice guide is published.
For questions or comments, please contact the PMI Standards Team at [email protected].
Business Analysis: A Practice Guide —Second Edition
PMI’s Standards and Publications department announces the launch of Business Analysis: A Practice Guide (Second Edition). This revised edition makes business analysis, including requirements management, accessible in both professional and daily life. Concepts in the previous edition are expanded and clarified through the introduction of a case study with new examples, illustrations, and graphics in a modern format and layout.
Business Analysis: A Practice Guide (Second Edition) is available as a free digital download to PMI members. The print and digital versions will be available for purchase by both members and non-members through PMI’s online bookstore as well as retail outlets as of January 2024.
For questions or comments, please contact the PMI Standards Team at [email protected].
PMBOK® Guide – Eighth Edition
The PMI standards and publications department announces that it is initiating development to revise the PMBOK® Guide. Building upon the principles-based Seventh Edition, extensive market research has been conducted to understand best practices in the field and content required to serve the needs of the Project Management community. The Eighth Edition will include coverage on the impact of AI in the field of Project Management; balanced guidance on both agile and predictive ways of working; and more in-practice supporting content.
For questions or comments, please contact the PMI standards team at [email protected].
Changes from the PMBOK® Guide - Sixth Edition to the Seventh Edition
The degree of change with the PMBOK® Guide – Seventh edition is more significant than what you may have seen in the past. We’ve restructured the content and introduced a principle-based structure that summarizes what and why of project management. Here is a quick snapshot of the changes.