PMI's OPM3 Third Edition: What It Means to You

Post on 07-Dec-2014

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When your organization embraces organizational project management, you’re embracing a critical driver for business success. Instead of executing projects randomly, you’re improving your processes and tying projects to your business strategy and needs. You’re making sure that your company focuses on projects and programs that support your organization’s goals. And when you do, you get better performance, better results, and a sustainable competitive advantage in the marketplace. PMI’s Organizational Project Management Maturity Model (OPM3®) is the most advanced mechanism for helping companies achieve these goals and we’ll discuss what it is and what it means for you and your organization.

Transcript of PMI's OPM3 Third Edition: What It Means to You

PMI’s OPM3® Third Edition:

What It Means to You

Tony Appleby, PMP, SCPM, CSM

PMI Certified OPM3® Professional

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PMI RESEARCH

Antecedents and Consequences of User Coproduction in Information System Development Projects

Digital Boundary Objects as Negotiation Facilitators: Spanning Boundaries in Virtual Engineering Project

Networks

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PMI RESEARCH

There’s MORE???

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PMI RESEARCH

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PMI RESEARCH

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PMI RESEARCH

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PMI RESEARCH

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PMI RESEARCH

Organizations with High Maturity Levels

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PMI RESEARCH

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PMI RESEARCH

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PMI RESEARCH

44% Nearly half of all strategic initiatives did NOT succeed in the last 3 years.

61%

88% Although nearly 90 percent of executives say implementing projects to deliver strategic results is essential or very important…

…61 percent say they struggle to close the gap between strategy formulation and project implementation.

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DEFINING SUCCESS

The classic project

paradigm of success:

• Stays within original

scope of the design

• Completed on time

• Completed on budget

Gartner Research

The classic project

paradigm of success:

• Stays within original

scope of the design

• Completed on time

Completed on budget

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DEFINING SUCCESS

The classic project

paradigm of success:

• Stays within original

scope of the design

• Completed on time

• Completed on budget

Gartner Research

The classic project

paradigm of success:

• Stays within original

scope of the design (9%)

• Completed on time (12%)

• Completed on budget (19%)

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DEFINING SUCCESS

© 2013 Project Management Institute, Inc.

The BUSINESS

paradigm of success:

• Aligns with company

strategy

• Enhances competitive

position

• Supports revenue

• Supports innovation

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MATURITY MODELS

Enough with the numbers, already…

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MATURITY MODELS

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MATURITY MODELS

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MATURITY MODELS

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MATURITY MODELS

SEI CMMi

Level

Effort

(Labor

Months)

Defects

Cost

1 16,362 25,069 $163.3M

2 6,488 9,909 $64.7M

3 1,876 2,874 $18.8M

4 866 1,326 $8.7M

5 342 524 $3.4M

500,000 lines of code at Raytheon as measured at differing maturity levels

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MATURITY MODELS

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WHAT IS OPM3®?

Organizational Project Management Maturity

Model – OPM3

• Provides a way for organizations to measure themselves against best in class practices of managing Projects, Programs, and Portfolios.

• Shows the maturity of organizations in implementing OPM to achieve their organizational objectives.

• Highlights needed areas of improvement for organizations to help them achieve better business results.

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OPM VALUE CHAIN

Business Results

Tools & Techniques

Inputs

Vision

Mission

Strategy

Market

Outputs

Program, Project, Portfolio, &

Organizational Environment

© 2013 Project Management Institute, Inc.

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OPM VALUE CHAIN

• Expression of mission and vision

• Orientation to market and competition

• Direction (change) for development and growth

• Definition of performance and measures of success

Strategy

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OPM VALUE CHAIN

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OPM VALUE CHAIN

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OPM VALUE CHAIN

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OPM VALUE CHAIN

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OPM VALUE CHAIN

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OPM3® OVERVIEW

ASSESSMENT

By Domain(s)

By Improvement Stage(s)

By Business Outcome(s)

Portfolio Management

Program Management

Project Management

Organizational Enablers

Standardize Measure Control Continuously

Improve

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OPM3® OVERVIEW

DOMAINS AND ENABLERS

PROJECT MANAGEMENT

47 process activities across 10 knowledge areas and

5 process groups

PROGRAM MANAGEMENT

36 process activities across 9 knowledge areas and

3 process phases

PORTFOLIO MANAGEMENT

16 process activities across 5 knowledge areas and

3 process groups

ORGANIZATIONAL ENABLERS

18 distinct enabler groups

4 categories

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Best Practice

Capability

Capability

Outcome

Outcome

Outcome

KPI

KPI

KPI

OPM3® CONSTRUCT

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Best Practice

Capability

Capability

Outcome

Outcome

Outcome

KPI

KPI

KPI

OPM3® CONSTRUCT

Best Practice

Outcome

Outcome

KPI

KPI

KPI

Capability

Capability Outcome

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OPM3® CONSTRUCT

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OPM3® CONSTRUCT

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OPM3® CONSTRUCT

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OPM3® CONSTRUCT

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OPM3® CONSTRUCT

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OPM3® CONSTRUCT

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OPM3® CONSTRUCT

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OPM3® CONSTRUCT

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OPM3® CONSTRUCT

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OPM3® APPROACH

COMPARISONS

By Support Areas

By Line of Business

By Geography

By Industry

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OPM3® VALUE

More mature organizations enjoy: • increased throughput in their portfolio pipeline, • earlier time-to-market, • increased customer satisfaction, • higher quality outputs, • improved employee morale, • budget and schedule adherence, and • significant other improvements to capabilities and outcomes.

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OPM3® ASSESSMENT

Baseline current environment and document issues

through interviews,

surveys, and artifact reviews

Map current situation with the

maturity model and industry best

practices to identify gaps

Compile and document project

management maturity

assessment findings

Document and prioritize

recommendations for improvements

OPTIONS

Level of rigor of the assessment

Organizational elements to be assessed

Deliverables to be produced

Use of surveys and/or focus groups

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OPM3® OUTCOMES

Based on your value strategy

for your target market as the means to achieve

better performance,

better results, and a

sustainable competitive

advantage for your company.

OPM3® VALUE

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Percentage Improvement in All Organizations

Percentage Improvement in IT Organizations

WHY SHOULD I BE

INTERESTED IN OPM3®?

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Business Realities

> Global competition

> Increased demand for transparency

< Tighter budgets

< Smaller staff

< Less growth

Demands Organizational Agility

^ Better change management

^ More virtual work

^ Global know-how

^ Innovative thinking

Demands Project Maturity

+ Better alignment of projects and

business strategy

+ Enterprise-wide standardized PM

+ Support practitioner development

+ Project metrics

Demands Ever-Increasing

Project Manager Competency

* Team motivation skills

* Negotiation skills

* Communication skills

* Financial skills

* Risk management skills

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WHO SHOULD BE INTERESTED IN OPM3®?

• Provides the organization a disciplined and systematic means of delivering its strategy

• Delivers critical data to manage the business

• Provides a design model to build and mature a PMO

• Method to understand your organization's

implementation of organizational project management

• Elevates the value of the PMO

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WHO SHOULD BE INTERESTED IN OPM3®?

• Knowledge that your project is important to the organization

• Knowledge that the organization values your contribution

• Focus on what really matters the most

• Better visibility to achievements

• More focus on getting work done; less focus on documentation

• Creates a mechanism to assess capability of organizations

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HOW DO I GET STARTED?

• Standards BenchmarkSM

• Professional Services

• Community of Practice

• Certification Training

“The future is already here; it is just unevenly distributed.”

William Gibson

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OPEN DISCUSSION

Q & A

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WHO WE ARE

PMI and the PMI logo are registered marks of the Project Management Institute, Inc.

BOUTIQUE CONSULTANCY

Maturity Assessment Services

Project Management Services

Certified Assessors Minimum 20 Years Experience

tony.appleby@tpscg.com

www.projectstrategy.com

+1 800 452 7814

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WHAT WE DO

ASSESSMENT SERVICES

OPM3®

Business Processes

Organizational Change

Business Development

Corporate Governance

Practitioner Competency

Roadmaps for Improvement

One of Eight “True” OPM3® RCPs

PROJECT MANAGEMENT SERVICES

Success Measurement

Project Remediation / IV&V

PMO Implementation / Reengineering

Benefits Realization

Mergers & Acquisitions Assistance

Coaching and Mentoring

Robust Toolkits

Access to Advanced Research

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HOW WE DO IT

DELIVERABLES DRIVEN

Deliverables-based fixed cost pricing structure for assessments

Insourcing: Continuous stakeholder involvement and knowledge transfer

Trusted advisor / trusted partner focus

Industry-recognized and robust practices, models, and research

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VALUE TO CLIENTS

DELIVERABLES DRIVEN

Low cost, high impact engagements

Rapid, tangible results

Focus is on adding value and ensuring success

“Added features”

Trusted advisor / trusted partner