Intro to OPM3

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Organizational Project Management Maturity Model (OPM3) Rabbani Lutfur, MBA, PMP OPM3 Program Co Lead

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  1. 1. Organizational Project Management Maturity Model (OPM3) Rabbani Lutfur, MBA, PMP OPM3 Program Co Lead
  2. 2. 2 Agenda OPM3 Concepts The OPM3 Standard Categorization OPM3 Steps Summary Questions and Discussion
  3. 3. 3 OPM3 Concepts Introduction Maturity implies a state of being fully developed A Model is a framework organizations may use to identify, establish, and maintain required capabilities
  4. 4. 4 OPM3 Concepts Introduction (continued) A maturity model may include: methods to facilitate assessment methods to identify deficiencies representations of improvement paths
  5. 5. 5 OPM3 Concepts Introduction (continued) OPM3 can enable you to do the right projects the right way in a dynamic and global economy OPM3 may be applied to organizations of diverse industries sizes geographical locations
  6. 6. 6 OPM3 Concepts - The Benefits of OPM3 Provide answers to very important questions related to the organizations current maturity Assess maturity of different parts of the organization Identify specific areas that need improvement Promote organizational maturity awareness among senior management Attribute organizational success to project management The challenge is to link organizational strategy to successful, consistent, predictable project completion...
  7. 7. 7 OPM3 Concepts A Strong Foundation OPM3: has a strong foundation based on research, including 27 contemporary models was developed with the widespread participation of the larger PM community was developed with contribution of over 800 professionals from over 34 countries is aligned to the PMBOK Guide
  8. 8. 8 OPM3 Concepts Beyond Single Projects OPM3 defines organizational project management as: the consistent application of knowledge, skills, tools and techniques to organizational and project activities to achieve the aims of an organization through projects
  9. 9. 9 OPM3 Concepts Why OPM3? A large number of respondents cited that, in their business environment, desired project results were seldom achieved project evaluation was often not linked to business value despite having selection criteria, project and strategy alignment processes in place, they often failed By almost a three-to-one majority (72% to 26%), most CEOs believe that US companies execution of their chosen strategies requires more improvement than the development of appropriate strategies. The Nation's CEOs Look to the Future, NIST Study No. 818407 July 1998
  10. 10. 10 OPM3 will enable organizations to align their projects to business strategy OPM3 Concepts - Connecting the Gap Most organizations have strategic planning processes The PMBOK Guide enables you to accomplish successful projects
  11. 11. 11 OPM3 Concepts The Missing Link OPM3 is designed to connect the gaps that may exist between organizational strategies and successful project outcomes Organizational Strategy Successful Projects, Programs, and Portfolios A maturity model that guides development of required competencies may be an essential tool for marketplace advantage!
  12. 12. 12 OPM3 Standard Dimensions The essence for OPM3 is the blending of knowledge, assessment, and improvement. Knowledge Improvement organizational PM best practices and the component capabilities sequence for developing capabilities aggregating to best practices methods for evaluating best practices and capabilities Assessment
  13. 13. 13 Categorization - Overview Methods for Categorizing Best Practices and Capabilities are: The Capabilities are categorized by the Process Groups - Initiating, Planning, Executing, Controlling and Closing Processes (IPECC) Best Practices are categorized according to the Organizational Project Management Domains - Project, Program, Portfolio (PPP) Best Practices are also categorized by the Stages of Process Improvement - Standardize, Measure, Control, continuously Improve (SMCI)
  14. 14. 14 OPM3 Steps
  15. 15. 15 OPM3 Maturity Model
  16. 16. 16 OPM3 Model: Encompasses Organizational Project Domains
  17. 17. 17 OPM3 Model: A Compendium of Measurable Best Practices
  18. 18. 18 OPM3 Model: Sample Best Practices & Capabilities Directory
  19. 19. 19 Summary - Concluding Thoughts What will OPM3 do for your organization? Help your organization understand its organizational project management maturity Identify ways to translate strategies into successful, consistent and predictable project outcomes OPM3 will help you do the right projects the right way!
  20. 20. 20 Summary Significance of OPM3 The beginning of a journey Goes beyond immediate implications Forms a strong foundation for future work
  21. 21. 21 The OPM3 Standard will be available in December 2003! Summary When Will It Become Available?
  22. 22. 22 Questions & Discussion
  23. 23. 23 Questions? For more information contact: Lisa M. Kruszewski Standards Project Specialist Project Management Institute E-mail: [email protected] Phone: +610-356-4600 extension 1033