How Project Maturity Can Boost Your Success Rate

How Project Maturity Can Boost Your Success Rate

When organizations realize they have a problem with project management, they instantly implement a technical solution. This often leads to repeating the same costly mistakes. This article at Project Management Academy goes into great detail about the importance of a project management maturity assessment and how to conduct it.

What is Project Management Maturity?

There are several maturity models available. The software industry primarily uses the Capability Maturity Model Integration (CMMI®). A more generic model applied across various sectors is the Organizational Project Management Model (OPM). An organization's project management maturity refers to its approach, methodology, strategy, and decision-making process. Several studies show a direct correlation between the level of PM maturity and the success of a project. 

Which Project Management Maturity Model to Use

Various maturity models emphasize different concepts and suggestions for the best path to maturity. So it's recommended to hire a consultant who can customize the assessment for a suitable analysis.

There are mainly three approaches for assessment:

  • In a top-down approach, all project objectives, guidelines, information, plans, and fund processes are determined by management, and expectations are communicated to participants at every stage.
  • Using a bottom-up approach means you begin by brainstorming suggestions to reach the project's end goal. In other words, you know what it is you're trying to achieve, but you don't know (yet) how to get there.
  • 360° project management is a global view of defining the scope for solutions that are not only achievable but also deliverable. By approaching the landscape with better insight, you gain a clear view of what will make your project successful.

How to Implement Assessment Findings

As a process, project management maturity grows over time. Setting realistic and unique maturity goals for your organization by enlisting outside experts specializing in assessing maturity and developing a practical roadmap is the way to go.

What Are the Benefits of Project Management Maturity?

There are many benefits to project management maturity assessment, such as higher customer satisfaction, greater return on investment, improved schedules and budgets, improved quality, and high productivity.

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