diff --git a/CHANGELOG.md b/CHANGELOG.md
index c69050e58..f7875135d 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -6,6 +6,17 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 Extending the adopted spec, each change should have a link to its corresponding pull request appended.
 
+## [16.0.0](https://github.com/terraform-google-modules/terraform-google-project-factory/compare/v15.0.1...v16.0.0) (2024-07-03)
+
+
+### ⚠ BREAKING CHANGES
+
+* **TPG>=5.33:** add support for setting cloud armor tier of the project ([#921](https://github.com/terraform-google-modules/terraform-google-project-factory/issues/921))
+
+### Features
+
+* **TPG>=5.33:** add support for setting cloud armor tier of the project ([#921](https://github.com/terraform-google-modules/terraform-google-project-factory/issues/921)) ([895b501](https://github.com/terraform-google-modules/terraform-google-project-factory/commit/895b501edb3f6b21e2ad6b8f9656a4994b501dd3))
+
 ## [15.0.1](https://github.com/terraform-google-modules/terraform-google-project-factory/compare/v15.0.0...v15.0.1) (2024-05-17)
 
 
diff --git a/metadata.yaml b/metadata.yaml
index cfbbf5436..85d32c55e 100644
--- a/metadata.yaml
+++ b/metadata.yaml
@@ -23,7 +23,7 @@ spec:
   source:
     repo: https://github.com/terraform-google-modules/terraform-google-project-factory.git
     sourceType: git
-  version: 15.0.1
+  version: 16.0.0
   actuationTool:
     type: Terraform
     version: '>=0.13.0'
diff --git a/modules/budget/metadata.yaml b/modules/budget/metadata.yaml
index 70093b3d4..c8e9ca598 100644
--- a/modules/budget/metadata.yaml
+++ b/modules/budget/metadata.yaml
@@ -23,7 +23,7 @@ spec:
   source:
     repo: https://github.com/terraform-google-modules/terraform-google-project-factory.git
     sourceType: git
-  version: 15.0.1
+  version: 16.0.0
   actuationTool:
     type: Terraform
     version: '>= 0.13'
diff --git a/modules/budget/versions.tf b/modules/budget/versions.tf
index ff64d05ac..22e382783 100644
--- a/modules/budget/versions.tf
+++ b/modules/budget/versions.tf
@@ -25,9 +25,9 @@ terraform {
   }
 
   provider_meta "google" {
-    module_name = "blueprints/terraform/terraform-google-project-factory:budget/v15.0.1"
+    module_name = "blueprints/terraform/terraform-google-project-factory:budget/v16.0.0"
   }
   provider_meta "google-beta" {
-    module_name = "blueprints/terraform/terraform-google-project-factory:budget/v15.0.1"
+    module_name = "blueprints/terraform/terraform-google-project-factory:budget/v16.0.0"
   }
 }
diff --git a/modules/essential_contacts/metadata.yaml b/modules/essential_contacts/metadata.yaml
index d2a93dec4..50ad37745 100644
--- a/modules/essential_contacts/metadata.yaml
+++ b/modules/essential_contacts/metadata.yaml
@@ -23,7 +23,7 @@ spec:
   source:
     repo: https://github.com/terraform-google-modules/terraform-google-project-factory.git
     sourceType: git
-  version: 15.0.1
+  version: 16.0.0
   actuationTool:
     type: Terraform
     version: '>= 0.13'
diff --git a/modules/essential_contacts/versions.tf b/modules/essential_contacts/versions.tf
index a46bcac15..3bf89679b 100644
--- a/modules/essential_contacts/versions.tf
+++ b/modules/essential_contacts/versions.tf
@@ -27,9 +27,9 @@ terraform {
     }
   }
   provider_meta "google" {
-    module_name = "blueprints/terraform/terraform-google-project-factory:essential_contacts/v15.0.1"
+    module_name = "blueprints/terraform/terraform-google-project-factory:essential_contacts/v16.0.0"
   }
   provider_meta "google-beta" {
-    module_name = "blueprints/terraform/terraform-google-project-factory:essential_contacts/v15.0.1"
+    module_name = "blueprints/terraform/terraform-google-project-factory:essential_contacts/v16.0.0"
   }
 }
diff --git a/modules/fabric-project/metadata.yaml b/modules/fabric-project/metadata.yaml
index d9ca53c92..c652025a5 100644
--- a/modules/fabric-project/metadata.yaml
+++ b/modules/fabric-project/metadata.yaml
@@ -23,7 +23,7 @@ spec:
   source:
     repo: https://github.com/terraform-google-modules/terraform-google-project-factory.git
     sourceType: git
-  version: 15.0.1
+  version: 16.0.0
   actuationTool:
     type: Terraform
     version: '>= 0.13'
diff --git a/modules/fabric-project/versions.tf b/modules/fabric-project/versions.tf
index 27bf783bd..133c39ca6 100644
--- a/modules/fabric-project/versions.tf
+++ b/modules/fabric-project/versions.tf
@@ -24,9 +24,9 @@ terraform {
     }
   }
   provider_meta "google" {
-    module_name = "blueprints/terraform/terraform-google-project-factory:fabric-project/v15.0.1"
+    module_name = "blueprints/terraform/terraform-google-project-factory:fabric-project/v16.0.0"
   }
   provider_meta "google-beta" {
-    module_name = "blueprints/terraform/terraform-google-project-factory:fabric-project/v15.0.1"
+    module_name = "blueprints/terraform/terraform-google-project-factory:fabric-project/v16.0.0"
   }
 }
diff --git a/modules/gsuite_enabled/README.md b/modules/gsuite_enabled/README.md
index 3633ebfc2..101f185ee 100644
--- a/modules/gsuite_enabled/README.md
+++ b/modules/gsuite_enabled/README.md
@@ -10,7 +10,7 @@ There are multiple examples included in the [examples] folder but simple usage i
 ```hcl
 module "project-factory" {
   source = "terraform-google-modules/project-factory/google//modules/gsuite_enabled"
-  version = "~> 15.0"
+  version = "~> 16.0"
 
   billing_account   = "ABCDEF-ABCDEF-ABCDEF"
   create_group      = true
diff --git a/modules/gsuite_enabled/metadata.yaml b/modules/gsuite_enabled/metadata.yaml
index 34e8ca642..d9a1a9670 100644
--- a/modules/gsuite_enabled/metadata.yaml
+++ b/modules/gsuite_enabled/metadata.yaml
@@ -23,7 +23,7 @@ spec:
   source:
     repo: https://github.com/terraform-google-modules/terraform-google-project-factory.git
     sourceType: git
-  version: 15.0.1
+  version: 16.0.0
   actuationTool:
     type: Terraform
     version: '>= 0.13'
diff --git a/modules/gsuite_enabled/versions.tf b/modules/gsuite_enabled/versions.tf
index 837c89e6c..f28466698 100644
--- a/modules/gsuite_enabled/versions.tf
+++ b/modules/gsuite_enabled/versions.tf
@@ -31,9 +31,9 @@ terraform {
     }
   }
   provider_meta "google" {
-    module_name = "blueprints/terraform/terraform-google-project-factory:gsuite_enabled/v15.0.1"
+    module_name = "blueprints/terraform/terraform-google-project-factory:gsuite_enabled/v16.0.0"
   }
   provider_meta "google-beta" {
-    module_name = "blueprints/terraform/terraform-google-project-factory:gsuite_enabled/v15.0.1"
+    module_name = "blueprints/terraform/terraform-google-project-factory:gsuite_enabled/v16.0.0"
   }
 }
diff --git a/modules/project_services/README.md b/modules/project_services/README.md
index 8c1e1052e..5e76872e1 100644
--- a/modules/project_services/README.md
+++ b/modules/project_services/README.md
@@ -21,7 +21,7 @@ APIs without knowing it. Therefore, it is recommended to avoid using
 ```
 module "project-services" {
   source  = "terraform-google-modules/project-factory/google//modules/project_services"
-  version = "~> 15.0"
+  version = "~> 16.0"
 
   project_id                  = "my-project-id"
 
diff --git a/modules/project_services/metadata.yaml b/modules/project_services/metadata.yaml
index 7ebce20d0..414880b61 100644
--- a/modules/project_services/metadata.yaml
+++ b/modules/project_services/metadata.yaml
@@ -23,7 +23,7 @@ spec:
   source:
     repo: https://github.com/terraform-google-modules/terraform-google-project-factory.git
     sourceType: git
-  version: 15.0.1
+  version: 16.0.0
   actuationTool:
     type: Terraform
     version: '>= 0.13'
diff --git a/modules/project_services/versions.tf b/modules/project_services/versions.tf
index bf5487495..8d34c9ef1 100644
--- a/modules/project_services/versions.tf
+++ b/modules/project_services/versions.tf
@@ -27,9 +27,9 @@ terraform {
     }
   }
   provider_meta "google" {
-    module_name = "blueprints/terraform/terraform-google-project-factory:project_services/v15.0.1"
+    module_name = "blueprints/terraform/terraform-google-project-factory:project_services/v16.0.0"
   }
   provider_meta "google-beta" {
-    module_name = "blueprints/terraform/terraform-google-project-factory:project_services/v15.0.1"
+    module_name = "blueprints/terraform/terraform-google-project-factory:project_services/v16.0.0"
   }
 }
diff --git a/modules/shared_vpc_access/metadata.yaml b/modules/shared_vpc_access/metadata.yaml
index 2ae8606c2..42b3e2dbe 100644
--- a/modules/shared_vpc_access/metadata.yaml
+++ b/modules/shared_vpc_access/metadata.yaml
@@ -23,7 +23,7 @@ spec:
   source:
     repo: https://github.com/terraform-google-modules/terraform-google-project-factory.git
     sourceType: git
-  version: 15.0.1
+  version: 16.0.0
   actuationTool:
     type: Terraform
     version: '>= 0.13'
diff --git a/modules/shared_vpc_access/versions.tf b/modules/shared_vpc_access/versions.tf
index 789ef1363..99cf3c4e1 100644
--- a/modules/shared_vpc_access/versions.tf
+++ b/modules/shared_vpc_access/versions.tf
@@ -27,9 +27,9 @@ terraform {
     }
   }
   provider_meta "google" {
-    module_name = "blueprints/terraform/terraform-google-project-factory:shared_vpc_access/v15.0.1"
+    module_name = "blueprints/terraform/terraform-google-project-factory:shared_vpc_access/v16.0.0"
   }
   provider_meta "google-beta" {
-    module_name = "blueprints/terraform/terraform-google-project-factory:shared_vpc_access/v15.0.1"
+    module_name = "blueprints/terraform/terraform-google-project-factory:shared_vpc_access/v16.0.0"
   }
 }
diff --git a/modules/svpc_service_project/README.md b/modules/svpc_service_project/README.md
index 47e65b615..d4e9ba46f 100644
--- a/modules/svpc_service_project/README.md
+++ b/modules/svpc_service_project/README.md
@@ -7,7 +7,7 @@ The advantage of using this module over the root module, is being able to provis
 ```hcl
 module "service-project" {
   source  = "terraform-google-modules/project-factory/google//modules/svpc_service_project"
-  version = "~> 15.0"
+  version = "~> 16.0"
 
   name                = "pf-test-1"
   random_project_id   = true
diff --git a/modules/svpc_service_project/metadata.yaml b/modules/svpc_service_project/metadata.yaml
index 8e1c0e961..35145b2b1 100644
--- a/modules/svpc_service_project/metadata.yaml
+++ b/modules/svpc_service_project/metadata.yaml
@@ -23,7 +23,7 @@ spec:
   source:
     repo: https://github.com/terraform-google-modules/terraform-google-project-factory.git
     sourceType: git
-  version: 15.0.1
+  version: 16.0.0
   actuationTool:
     type: Terraform
     version: '>=0.13.0'
diff --git a/modules/svpc_service_project/versions.tf b/modules/svpc_service_project/versions.tf
index 684961d7e..4dd03aee8 100644
--- a/modules/svpc_service_project/versions.tf
+++ b/modules/svpc_service_project/versions.tf
@@ -27,9 +27,9 @@ terraform {
     }
   }
   provider_meta "google" {
-    module_name = "blueprints/terraform/terraform-google-project-factory:svpc_service_project/v15.0.1"
+    module_name = "blueprints/terraform/terraform-google-project-factory:svpc_service_project/v16.0.0"
   }
   provider_meta "google-beta" {
-    module_name = "blueprints/terraform/terraform-google-project-factory:svpc_service_project/v15.0.1"
+    module_name = "blueprints/terraform/terraform-google-project-factory:svpc_service_project/v16.0.0"
   }
 }
diff --git a/versions.tf b/versions.tf
index 7455709c1..e313b7518 100644
--- a/versions.tf
+++ b/versions.tf
@@ -27,9 +27,9 @@ terraform {
     }
   }
   provider_meta "google" {
-    module_name = "blueprints/terraform/terraform-google-project-factory/v15.0.1"
+    module_name = "blueprints/terraform/terraform-google-project-factory/v16.0.0"
   }
   provider_meta "google-beta" {
-    module_name = "blueprints/terraform/terraform-google-project-factory/v15.0.1"
+    module_name = "blueprints/terraform/terraform-google-project-factory/v16.0.0"
   }
 }