SO 21502 is a global standard designed to help organizations manage projects effectively. It offers simple and direct instructions that secure project objectives are met on time and within budget. It offers in-depth guidance for managing projects, programs, and portfolio management, building on the previous ISO 21500. Project governance, planning, performance measurement, risk management, and stakeholder engagement are among the fundamental topics discussed by ISO 21502. By involving stakeholders, good project governance guarantees that all parties are in agreement and assists teams in making well-informed decisions.