Our society is rapidly moving away from routine tasks and permanent organisations towards more fluid structures where the project form is the mostnatural way of organising most activities. At the same time, society is havingto cope with unprecedented complexity due to factors such as climatechange, rapidly changing markets, poverty and financial crisis. Alongsidethese, there are additional factors such as the trend among stakeholders topromote their interests actively and the way that objectives increasingly tendto change during the lifecycle of projects. For all these reasons, it is importantto understand the building blocks of project excellence. This standard, theIPMA Project Excellence Baseline® (IPMA PEB), is designedexcellence in managing projects and programmes, and complements ourpromoteprevious standards for individual competences IPMA Individual CompetenceBaseline (IPMA ICB®) and organisational competences in managing projectsIPMA Organisational Competence Baseline (IPMA OCB). The main targetaudiences for the IPMA PEB are senior managers, project. programme andportfolio managers (including Project Management Office (PMO) and projectstaff) as well as project excellence assessors, consultants, trainers andcoaches.