Significance Of Project Management Maturity Model (PMMM)
The Project Management Maturity Model denoted as PMMM is a recognized tool developed by PM Solutions, a project management firm that assists organizations to implement, administer and assess their portfolios towards improvement of business performance. This firm was established in 1996 by J. Kent Crawford, PMP, who was earlier the past president and chair of Project Management Institute (PMI).
The PMMM offers a logical path for progressive development and a tactical plan to proceed with project management improvement within the organization. Once the preliminary level of maturity and shortcoming areas are identified, the PMMM makes available a roadmap for performance recovery and progress.
The PMMM makes use of the five maturity levels outlined in the Software Engineering Institute (SEI) Capability Maturity Model and scrutinizes maturity development across nine knowledge areas outlined in the Project Management Institutes (PMI) A Guide to the Project Management Body of Knowledge. Thus it is an integration of industry proven standards.
The five maturity levels are Initial Process, Structured Process and Standards, Organizational Standards and Institutionalized Process, Managed Process and Optimizing Process. The nine knowledge areas are Project Integration Management, Project Scope Management, Project Time Management, Project Cost Management, Project Quality Management, Project Human Resource Management, Project Communications Management, Project Risk Management and Project Procurement Management.
The suitable level of maturity to which an organization should endeavor varies for different organization and is based on several factors such as the organizations goals, strategies envisioned, abilities and skills of resources and the scope of the projects. Only by a detailed assessment conducted by professional qualified consulting team can the proper level of maturity be identified.
The Project Management experts perform assessment by using tools and techniques such as interviewing key personnel, evaluating artifacts and related documents, survey of inputs etc. If an organization meets the requirements and standards pertaining to Project Management as defined by the PMMM it is said to have achieved complete project management maturity. It should also additionally exhibit improvement in project delivery times, cost reductions, profitability etc.
Project management maturity is attained by a progressive process during which organizations note improvements at different stages during development. The long term goal is increased profitability, sustainable growth, customer satisfaction and noteworthy performance benefits. The ultimate objective of reaching highest maturity level is the adoption of a project management culture which is an epitome of optimized operational efficiency and sales.
When an organization takes the steps towards advancement of maturity levels, it should consider it as an ongoing process and not a speedy transformation. Furthermore the maturity goal should be set at an appropriate level in the PMMM as not every organization needs to reach Level 5 to reap considerable benefits.
Organizations should focus on continuous improvement and revisit practices, processes and strategies periodically. Since an organizations political nature should be considered, leveraging neutral consultants to assess and plan can be more beneficial.
a systematic approach to perform benchmarking and gives an assessment
framework that enables contemporary organizations to improve project
management maturity and experience improved return on investments.
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