A standard is a document, established by consensus and approved by a recognized body, which provides for common and repeated use, rules, guidelines or characteristics for activities or their results, aimed at the achievement of the optimum degree of order in a given context. Developed under a process based on the concepts of consensus, openness, due process, and balance, PMI standards provide guidelines for achieving specific project, program and portfolio management results.
PMI global standards provide guidelines, rules and characteristics for project, program and portfolio management. These standards are widely accepted. When consistently applied, they help you and your organization achieve professional excellence.
Further information of the standard owner – click here