Casual Articles
#1 in Business Subscribe Email Print

You are here: Home > Business > Management > Portfolio, Programme and Project Management Maturity Model - a Guide to Improving Performance

Tags

  • implementing
  • actions
  • procurements
  • project managementusing
  • causing problems
  • carpet shampoo

  • Links

  • Should MLB Players Censor Their Words?
  • Diaper Rash Home Remedy - 4 Steps That Work Every Time
  • 3G Mobile Phones- Technology That We Call 'Life'
  • Casual Articles - Portfolio, Programme and Project Management Maturity Model - a Guide to Improving Performance

    Implementing Total Quality Management In Small, Medium And Big Organizations - An Observation
    Many big or small organizations had jump into the band wagon to look for a success formula for their business success. The Total Quality Management (TQM) is one of those formula. Though it has been a challenge to implement TQM, there are many success stories. What are some of the Critical Success Factors in implementing TQM?Total Quality Management concepts is not new in the manufacturing industries. Many of them has witnessed successful organizations are also TQM organizations. If TQM can make an organization successful, who is it not all organizations adopting to the implementation of TQM?In this TQM article, I am delighted to share my experience acquired from companies that I have worked with as a consultant/Facilitator as well as implementer.For a big organization such as Multi National Corporation (MNC), Electronic Original Equipment Manufacturer (OEM), there is a Vision and Mission Statement displayed prominently in pertinent locations. There is a systematic documentation system that provides policies and procedure in their operations. For many of them, besides been certified in ISO18000, ISO14000 and ISO9001, they have obtained several product certification such as CE Marking, UL, etc Due to these initiatives and its requirement for its maintenance, a systematic continuous improvement approach has to be in placed and evident throughout the organization in order to fulfill certification requirements. Many of them adopted improvement methodology such as 6-sigma, lean manufacturing, TPM etc. Besides, all of these systems, organizations are very much customer driven.While some of them adopted the TQM in full version (according to the TQM guru's), some has their own version of TQM as they often employee internal expertise.For medium organizations, many of them has their Vision and Mission established too. And almost all of them are ISO9001 certified. On top of the Quality Policy, documentation system is in plac
    >The establishment of Key Performance Indicators (KPIs) will not only enable organisations to determine when they have achieved their goal but can also be used to prove the Business Case for the process improvement journey (i.e. what is your return on the capability investment?).

    If your KPIs are showing that you have achieved your current maturity goal then you may wish to consider gaining accreditation for that level of maturity (for recognition or for marketing purposes) or wish to repeat the exercise to determine what is required to get to the next level of maturity.

    Using P3M3 for Benchmarking

    The first maturity model was developed as a means for the US Government to make better procurement decisions by comparing contractors’ capabilities. P3M3 can be used in the same way. If you tender for government business then procurement professionals give more credence to an independently awarded certificate than a company’s own claims of capability.

    Procurement professionals also give more weight to an organisational certificate than they do an individual’s certificate (currently organisations submit PRINCE2™ practitioner certificates with their proposal as an indicator of project management capability. With 200,000 PRINCE2™ practitioners worldwide it is difficult for buyers to differentiate between them).

    Certification against P3M3 is now possible. The OGC’s accreditation partner APM Group Ltd (APMG) have taken the OGC models and established an accreditation process for gauging the maturity level of organisations for their portfolio, programme and project management activities.

    Depending on the scope of the assessment certificates can be awarded for:

  • PRINCE2™
  • Project Management
  • Programme and Project Management
  • Portfolio, Programme and Project Management
  • Certificates are awarded for the maturity level obtained, although few if any organisations would want a certificate for level 1 maturity. The highest awarded certificate to date (April 2006) is for Level 3 in Project Management.

    Using P3M3 for Skills Development

    A recent web search revealed some 300+ separate training modules relating to portfolio, programme and project management. The UK’s National Occupational Standards for Project Management shows some 51 separate competencies for project management.

    A common dilemma which faces many HR professionals is deciding how to spread a finite training budget across a myriad of competencies. Which ones will yield the greatest impact on performance within this financial year

    Stop Wasting Precious Advertising Dollars and Test-Test-Test
    Testing Your AdsIt’s not enough just to place an ad and hope for general public awareness of your business; you must test your advertising. How else are you going to know what ad draws the best response? Read carefully the following statement by John Caples, a well-known direct response copywriter. "I have seen one advertisement actually sell not twice as much, not three times as much, but 191/2 times as much as another. Both advertisements occupied the same space. Both were run in the same publication. Both had photographic illustrations. Both had carefully written copy. The difference was that one used the right appeal and the other used the wrong appeal."The outcome of testing all advertising, eliminating the duds and finding the best performing one is simple: less expense and more response. More response equals more sales. You can even choose to reduce your advertising spend once your response is greater. Either way you get more money in your account.Testing by direct mail is easiest: just type a tiny reference code in your cut-out coupon. You hold the key of where and when that ad was placed. When the coupon comes in your staff type the code into your database.Testing by website response can be as simple as putting a special drop-down box on your order form: where did you find us? Google, banner, Yellow Pages, word of mouth, etc. Be sure to cover all bases.You can also test by offering a discount/freebie/double deal, and getting the customer to bring in the coupon from the newspaper or magazine. Make sure you have a different code on each media.A simple way is to get all staff that answer new callers to ask: "where did you hear about us from?" Make sure they enter it into your database before it is forgotten.Making Print Advertising Work for YouThe five commandments of creating ads that work (as found by the best copywriters) are: Make a headline that stops
    Improving Performance Using Maturity Models

    The 1990’s saw a dramatic increase in the number of people with the job title Project Manager as organisations addressed the problem of an ever changing world through Managing by Projects. Many organisations adopted the PRINCE2™ method as a means to gain some consistency of project management approach across their now swelling ranks of project managers.

    With both an increasing need for Project Managers and an increasing number of people claiming to be Project Managers, many organisations based their recruitment and development strategies on certification of project management competence. Having a PRINCE2™ Practitioner certificate became an indication of competence (even though it is only an indicator of knowledge).

    Experience has shown that successful implementation of a project management method requires more than just training your project managers. A successful organisation requires processes, technology, policies and standards for project management - which also need to be integrated with other management systems for them to work effectively and efficiently.

    In the absence of an organisation wide project infrastructure, project results depend entirely on the availability of certain high performing individuals. This does not necessarily provide the basis for long-term or consistent project performance.

    However, such infrastructure doesn’t establish itself overnight. It may take several years; it may take a programme of change to institutionalise. Therefore it is not surprising that the more advanced organisations are now asking themselves, “Where have we got to and what more do we need to do?

    This is where maturity modelling can help. Project and programme management maturity models describe the project and programme related activities within Key Process Areas (KPAs) that contribute to achieving successful outcomes.

    A good model, such as the OGC’s P3M3, recognises not only the project management activities being carried out at the individual project level, but also those activities within an organisation that build and maintain a programme and project infrastructure of effective project approaches and management practices.

    By undertaking a maturity assessment against an industry standard model, such as P3M3, an organisation will be able to verify what they have achieved, where their strengths and weaknesses are, and then identify a prioritised action plan to take them to an improved level of capability.

    What Are Maturity Models?

    A maturity model is a structured collection of elements that describe characteristics of effective processes. A maturity model provides:

  • a place to start
  • the benefit of a community’s prior experiences
  • a common language and a shared vision
  • a framework for prioritizing actions
  • a way to define what improvement means for your organization

    A maturity model can be used as a benchmark for assessing different organizations for equivalent comparison.” - Wikipedia

    The Software Engineering Institute (SEI) developed the first Capability Maturity Model® (CMM®) back in the 1980s. This was a result of research that indicated the quality of software applications were directly related to the quality of the processes used to develop them.

    CMM® was originally intended as a government tool to evaluate the ability of contractors to deliver a software project. Though it originates from the software development industry it is widely used as a general model of the maturity of processes (e.g. Project and Programme Management).

    Maturity models have five levels:

    1. Initial (chaotic, ad hoc, heroic) - the starting point for use of a new process.
    2. Repeatable (process discipline) - the process is used repeatedly.
    3. Defined (institutionalised) - the process is defined/confirmed as a standard business process.
    4. Managed (quantified) - process management and measurement takes place.
    5. Optimising (process improvement) - deliberate process optimisation/improvement.

    Portfolio, Programme and Project Management Maturity Model (P3M3)

    The Office of Government Commerce (OGC) is a department within the UK Government with a remit to help public sector organisations improve their efficiency, gain better value for money from procurements and deliver improved success from programmes and projects. They are the owners of PRINCE2™, Managing Successful Programmes (MSP), Management of Risk (M_o_R®) and the IT best practice framework, ITIL®.

    In 2003 the OGC released their first draft of a Portfolio, Programme and Project Management Maturity Model (P3M3). The model was refined and formally published in February 2006 after incorporating latest maturity modelling practices and after consultation with interested consultants, practitioners and their accreditation partner APM Group.

    The P3M3 describes the portfolio, programme and project-related activities within process areas that contribute to achieving a successful project outcome. The levels described within the P3M3 indicate how key process areas can be structured hierarchically to define a progression of capability which an organisation can use to set goals and plan their improvement journey.

    The levels facilitate organisational transitions from an immature state to become a mature and capable organisation with an objective basis for judging quality and solving programme and project issues.

    The distinct yet connected disciplines of portfolio, programme and project management are nested within the P3M3 model:

  • Portfolio, Programme and Project Management Maturity (P3M3)
  • Programme and Project Management Maturity (P2M3)
  • Project Management Maturity (P1M3)
  • This means that organisations can use the model to evolve their maturity across all disciplines in an integrated approach or by addressing Project Management then Programme Management and then Portfolio Management in sequence.

    Using Maturity Models for Performance Improvement

    The beauty of maturity models is that they enable organisations to breakdown a broad process improvement goal into manageable tasks. The lower level KPAs need to be in place for the higher level KPAs to be effective. Therefore the lower level KPAs should be addressed first.

    Step 1 – Where Are You Today?

    In order to identify a prioritised roadmap for process improvement it is important to understand what KPAs you currently do well and what KPAs are causing you performance issues. Maturity modelling applies the concept that there’s little point in fixing things that are not broken or that are not causing problems. Additionally, for large organisations it is likely that you have islands of good practice. What is it that department X does differently to department Y or Z? It may be that you have many of the KPAs covered but not universally across the organisation. Adopting good practice from within your own organisation can significantly accelerate adoption rates and hence performance improvement.

    The best way to understand current capability is to conduct a baseline assessment against the maturity model through a process of inspection and structured interviews.

    Step 2 – Where Do You Want To Be?

    Not all organisations need to be at Level 5 maturity. The ideal maturity level for an organisation will depend on how important programmes and projects are to their overall performance.

    If you are a R&D organisation, say developing aerospace technology for governments, then your organisation’s performance is likely to be highly dependent on your programme and project management capability.

    If you are a retailer by contrast then your organisation’s overall performance is likely to be less dependent on programme and project management capability.

    The output from Step 1 will help identify some realistic goals. For example, there are 13 KPAs that need to be addressed to get to level 2 maturity. If the initial assessment has shown that 8 of the 13 are ok then a realistic goal would be to change the 5 weak KPAs to strong KPAs within 6 months to consolidate at level 2 before addressing how to get to level 3.

    With an estimated 90% of organisations operating at Level 1 or Level 2 maturity, setting targets by the quantity of strong KPAs is more inspiring than aiming to be level 2 of 5 in capability. For example “We will be in the top 10% of corporate organisations by achieving a strong capability in 25 Key Process Areas”

    Step 3 – How Will You Get There

    Experience has shown that it takes between 3 and 12 months to raise maturity by one level.

    A recommended approach to improve process capability is to appoint process owners for the KPAs to be addressed. For example you could appoint one person to drive improvement for Business Case Development and Benefits Management KPAs and another person to drive improvement for Requirements Management and Configuration Management KPAs. An improvement roadmap should be produced showing the priority of the KPAs to be addressed and the set of initiatives which will improve them. The improvement roadmap should be used to drive and measure progress.

    It is important to recognise that if you are changing processes, policies, standards, job descriptions or reporting structures then you will be changing how some people will work. Therefore, as with any initiative that affects people’s current working practices, power or authority, it should be treated as a change initiative. If the change is likely to be significant, it is recommended to establish a change programme to help with the transition. Using change methods such as Six Sigma™ help to structure the roadmap and ensure that the solution sticks.

    Step 4 – How Will You Know?

    To increase capability organisations need to collect metrics in order to provide a platform for continuous improvement.

    Therefore regardless of your baseline maturity it is recommended that the improvement roadmap identifies what metrics should be collected to demonstrate performance improvement.

    The establishment of Key Performance Indicators (KPIs) will not only enable organisations to determine when they have achieved their goal but can also be used to prove the Business Case for the process improvement journey (i.e. what is your return on the capability investment?).

    If your KPIs are showing that you have achieved your current maturity goal then you may wish to consider gaining accreditation for that level of maturity (for recognition or for marketing purposes) or wish to repeat the exercise to determine what is required to get to the next level of maturity.

    Using P3M3 for Benchmarking

    The first maturity model was developed as a means for the US Government to make better procurement decisions by comparing contractors’ capabilities. P3M3 can be used in the same way. If you tender for government business then procurement professionals give more credence to an independently awarded certificate than a company’s own claims of capability.

    Procurement professionals also give more weight to an organisational certificate than they do an individual’s certificate (currently organisations submit PRINCE2™ practitioner certificates with their proposal as an indicator of project management capability. With 200,000 PRINCE2™ practitioners worldwide it is difficult for buyers to differentiate between them).

    Certification against P3M3 is now possible. The OGC’s accreditation partner APM Group Ltd (APMG) have taken the OGC models and established an accreditation process for gauging the maturity level of organisations for their portfolio, programme and project management activities.

    Depending on the scope of the assessment certificates can be awarded for:

  • PRINCE2™
  • Project Management
  • Programme and Project Management
  • Portfolio, Programme and Project Management
  • Certificates are awarded for the maturity level obtained, although few if any organisations would want a certificate for level 1 maturity. The highest awarded certificate to date (April 2006) is for Level 3 in Project Management.

    Using P3M3 for Skills Development

    A recent web search revealed some 300+ separate training modules relating to portfolio, programme and project management. The UK’s National Occupational Standards for Project Management shows some 51 separate competencies for project management.

    A common dilemma which faces many HR professionals is deciding how to spread a finite training budget across a myriad of competencies. Which ones will yield the greatest impact on performance within this financial year?

    Online Image Hosting Boosts The Performance Of Newspaper Classified Ads
    Image hosting is a service provided by websites or Internet service providers allowing users to store photos or images to their servers by uploading them to a website. These photos are accessible to the users by the codes provided by the host. These service providers allow users to hotlink these images to their personal websites, or to use as photos for selling items in newspaper classified ads.Newspaper classified ads are usually not accompanied by photos so advertisers must be creative in describing the product to ignite interest in the buyer. Ads may contain a catchy statement about the product with a carefully chosen adjective or two that will make the buyer call the seller for more information about the product. Sometimes, buyers will ask to see the product and will try to set an appointment with the seller. This costs both buyer and seller time. Imagine having dozens of people calling to see the product! Certainly, it will be difficult to meet with all of them.With the image hosting service offered by this website, a user may upload photos of the items they're selling and just post the specific URL on their ad space to save on advertising costs. It also saves the buyer and the seller time. This type of service may be used for classifieds in national and local newspapers. Because the Internet is a very prolific and highly accessible medium, sellers and service providers will surely receive more responses from their ads. The more interest generated by the ad with the aid of the hosted photo, the higher the chances of closing the best deals. That's money earned from savings on advertising and from the bigger margins from the sale!Image hosting for classifieds may be used for a host of purposes. It is especially helpful in pet classifieds, for dog breeders and sellers because buyers want to see that the pet they are buying to make sure they are just perfect. This type of service may also be used when selling practically anything and everything rela

    What Are Maturity Models?

    A maturity model is a structured collection of elements that describe characteristics of effective processes. A maturity model provides:

  • a place to start
  • the benefit of a community’s prior experiences
  • a common language and a shared vision
  • a framework for prioritizing actions
  • a way to define what improvement means for your organization

    A maturity model can be used as a benchmark for assessing different organizations for equivalent comparison.” - Wikipedia

    The Software Engineering Institute (SEI) developed the first Capability Maturity Model® (CMM®) back in the 1980s. This was a result of research that indicated the quality of software applications were directly related to the quality of the processes used to develop them.

    CMM® was originally intended as a government tool to evaluate the ability of contractors to deliver a software project. Though it originates from the software development industry it is widely used as a general model of the maturity of processes (e.g. Project and Programme Management).

    Maturity models have five levels:

    1. Initial (chaotic, ad hoc, heroic) - the starting point for use of a new process.
    2. Repeatable (process discipline) - the process is used repeatedly.
    3. Defined (institutionalised) - the process is defined/confirmed as a standard business process.
    4. Managed (quantified) - process management and measurement takes place.
    5. Optimising (process improvement) - deliberate process optimisation/improvement.

    Portfolio, Programme and Project Management Maturity Model (P3M3)

    The Office of Government Commerce (OGC) is a department within the UK Government with a remit to help public sector organisations improve their efficiency, gain better value for money from procurements and deliver improved success from programmes and projects. They are the owners of PRINCE2™, Managing Successful Programmes (MSP), Management of Risk (M_o_R®) and the IT best practice framework, ITIL®.

    In 2003 the OGC released their first draft of a Portfolio, Programme and Project Management Maturity Model (P3M3). The model was refined and formally published in February 2006 after incorporating latest maturity modelling practices and after consultation with interested consultants, practitioners and their accreditation partner APM Group.

    The P3M3 describes the portfolio, programme and project-related activities within process areas that contribute to achieving a successful project outcome. The levels described within the P3M3 indicate how key process areas can be structured hierarchically to define a progression of capability which an organisation can use to set goals and plan their improvement journey.

    The levels facilitate organisational transitions from an immature state to become a mature and capable organisation with an objective basis for judging quality and solving programme and project issues.

    The distinct yet connected disciplines of portfolio, programme and project management are nested within the P3M3 model:

  • Portfolio, Programme and Project Management Maturity (P3M3)
  • Programme and Project Management Maturity (P2M3)
  • Project Management Maturity (P1M3)
  • This means that organisations can use the model to evolve their maturity across all disciplines in an integrated approach or by addressing Project Management then Programme Management and then Portfolio Management in sequence.

    Using Maturity Models for Performance Improvement

    The beauty of maturity models is that they enable organisations to breakdown a broad process improvement goal into manageable tasks. The lower level KPAs need to be in place for the higher level KPAs to be effective. Therefore the lower level KPAs should be addressed first.

    Step 1 – Where Are You Today?

    In order to identify a prioritised roadmap for process improvement it is important to understand what KPAs you currently do well and what KPAs are causing you performance issues. Maturity modelling applies the concept that there’s little point in fixing things that are not broken or that are not causing problems. Additionally, for large organisations it is likely that you have islands of good practice. What is it that department X does differently to department Y or Z? It may be that you have many of the KPAs covered but not universally across the organisation. Adopting good practice from within your own organisation can significantly accelerate adoption rates and hence performance improvement.

    The best way to understand current capability is to conduct a baseline assessment against the maturity model through a process of inspection and structured interviews.

    Step 2 – Where Do You Want To Be?

    Not all organisations need to be at Level 5 maturity. The ideal maturity level for an organisation will depend on how important programmes and projects are to their overall performance.

    If you are a R&D organisation, say developing aerospace technology for governments, then your organisation’s performance is likely to be highly dependent on your programme and project management capability.

    If you are a retailer by contrast then your organisation’s overall performance is likely to be less dependent on programme and project management capability.

    The output from Step 1 will help identify some realistic goals. For example, there are 13 KPAs that need to be addressed to get to level 2 maturity. If the initial assessment has shown that 8 of the 13 are ok then a realistic goal would be to change the 5 weak KPAs to strong KPAs within 6 months to consolidate at level 2 before addressing how to get to level 3.

    With an estimated 90% of organisations operating at Level 1 or Level 2 maturity, setting targets by the quantity of strong KPAs is more inspiring than aiming to be level 2 of 5 in capability. For example “We will be in the top 10% of corporate organisations by achieving a strong capability in 25 Key Process Areas”

    Step 3 – How Will You Get There

    Experience has shown that it takes between 3 and 12 months to raise maturity by one level.

    A recommended approach to improve process capability is to appoint process owners for the KPAs to be addressed. For example you could appoint one person to drive improvement for Business Case Development and Benefits Management KPAs and another person to drive improvement for Requirements Management and Configuration Management KPAs. An improvement roadmap should be produced showing the priority of the KPAs to be addressed and the set of initiatives which will improve them. The improvement roadmap should be used to drive and measure progress.

    It is important to recognise that if you are changing processes, policies, standards, job descriptions or reporting structures then you will be changing how some people will work. Therefore, as with any initiative that affects people’s current working practices, power or authority, it should be treated as a change initiative. If the change is likely to be significant, it is recommended to establish a change programme to help with the transition. Using change methods such as Six Sigma™ help to structure the roadmap and ensure that the solution sticks.

    Step 4 – How Will You Know?

    To increase capability organisations need to collect metrics in order to provide a platform for continuous improvement.

    Therefore regardless of your baseline maturity it is recommended that the improvement roadmap identifies what metrics should be collected to demonstrate performance improvement.

    The establishment of Key Performance Indicators (KPIs) will not only enable organisations to determine when they have achieved their goal but can also be used to prove the Business Case for the process improvement journey (i.e. what is your return on the capability investment?).

    If your KPIs are showing that you have achieved your current maturity goal then you may wish to consider gaining accreditation for that level of maturity (for recognition or for marketing purposes) or wish to repeat the exercise to determine what is required to get to the next level of maturity.

    Using P3M3 for Benchmarking

    The first maturity model was developed as a means for the US Government to make better procurement decisions by comparing contractors’ capabilities. P3M3 can be used in the same way. If you tender for government business then procurement professionals give more credence to an independently awarded certificate than a company’s own claims of capability.

    Procurement professionals also give more weight to an organisational certificate than they do an individual’s certificate (currently organisations submit PRINCE2™ practitioner certificates with their proposal as an indicator of project management capability. With 200,000 PRINCE2™ practitioners worldwide it is difficult for buyers to differentiate between them).

    Certification against P3M3 is now possible. The OGC’s accreditation partner APM Group Ltd (APMG) have taken the OGC models and established an accreditation process for gauging the maturity level of organisations for their portfolio, programme and project management activities.

    Depending on the scope of the assessment certificates can be awarded for:

  • PRINCE2™
  • Project Management
  • Programme and Project Management
  • Portfolio, Programme and Project Management
  • Certificates are awarded for the maturity level obtained, although few if any organisations would want a certificate for level 1 maturity. The highest awarded certificate to date (April 2006) is for Level 3 in Project Management.

    Using P3M3 for Skills Development

    A recent web search revealed some 300+ separate training modules relating to portfolio, programme and project management. The UK’s National Occupational Standards for Project Management shows some 51 separate competencies for project management.

    A common dilemma which faces many HR professionals is deciding how to spread a finite training budget across a myriad of competencies. Which ones will yield the greatest impact on performance within this financial year

    Internet Success
    Internet success can of course be measured in dollars and cents. It would seem to be pervasive on Google the programs that talk about how to become wildly successful by just pushing a button or two. You could be led into thinking that just by buying a very specialized piece of software, or by downloading their ebook for success, that elusive thing called inter net success will plop itself right in front of you begging you to help yourself to all you want. I have been there far too many times in my earlier internet marketing career. I would surf for all the new programs, joining one after another and sometimes not even remembering what I had signed up for. Quite possibly, any one of these products could have made me successful on Google, but quite frankly, none of them did. Does that story sound familiar to you? I bet money that it does. The simple truth about the internet, now that I have grown and matured to the level of expertise that I have is the fact that a huge majority of people are not now successful on the net, nor will they ever be. Wait just a moment before you pack up your computer and send it back to Dell. This does not have to be the case. I only said that it is the case. You can change your entire thought patterns to have the success that you desire and I am going to show you exactly how to do that in this article. I will also adding additional content on a regular basis.In my search engine optimization business, visualization is the key element that I use before I turn a tap. I visualize my internet success for a particular key word category. I know beforehand, that the keyword category that I am shooting for on Google will be achieved. I then set about the path of putting together in legible forms, the articles, press releases, blog posts and forum posts that I need to build links for that particular website. Are you aware that I just gave you information on how to be successful on the internet? If, in reading this article, you open your mind to t
    ieving a successful project outcome. The levels described within the P3M3 indicate how key process areas can be structured hierarchically to define a progression of capability which an organisation can use to set goals and plan their improvement journey.

    The levels facilitate organisational transitions from an immature state to become a mature and capable organisation with an objective basis for judging quality and solving programme and project issues.

    The distinct yet connected disciplines of portfolio, programme and project management are nested within the P3M3 model:

  • Portfolio, Programme and Project Management Maturity (P3M3)
  • Programme and Project Management Maturity (P2M3)
  • Project Management Maturity (P1M3)
  • This means that organisations can use the model to evolve their maturity across all disciplines in an integrated approach or by addressing Project Management then Programme Management and then Portfolio Management in sequence.

    Using Maturity Models for Performance Improvement

    The beauty of maturity models is that they enable organisations to breakdown a broad process improvement goal into manageable tasks. The lower level KPAs need to be in place for the higher level KPAs to be effective. Therefore the lower level KPAs should be addressed first.

    Step 1 – Where Are You Today?

    In order to identify a prioritised roadmap for process improvement it is important to understand what KPAs you currently do well and what KPAs are causing you performance issues. Maturity modelling applies the concept that there’s little point in fixing things that are not broken or that are not causing problems. Additionally, for large organisations it is likely that you have islands of good practice. What is it that department X does differently to department Y or Z? It may be that you have many of the KPAs covered but not universally across the organisation. Adopting good practice from within your own organisation can significantly accelerate adoption rates and hence performance improvement.

    The best way to understand current capability is to conduct a baseline assessment against the maturity model through a process of inspection and structured interviews.

    Step 2 – Where Do You Want To Be?

    Not all organisations need to be at Level 5 maturity. The ideal maturity level for an organisation will depend on how important programmes and projects are to their overall performance.

    If you are a R&D organisation, say developing aerospace technology for governments, then your organisation’s performance is likely to be highly dependent on your programme and project management capability.

    If you are a retailer by contrast then your organisation’s overall performance is likely to be less dependent on programme and project management capability.

    The output from Step 1 will help identify some realistic goals. For example, there are 13 KPAs that need to be addressed to get to level 2 maturity. If the initial assessment has shown that 8 of the 13 are ok then a realistic goal would be to change the 5 weak KPAs to strong KPAs within 6 months to consolidate at level 2 before addressing how to get to level 3.

    With an estimated 90% of organisations operating at Level 1 or Level 2 maturity, setting targets by the quantity of strong KPAs is more inspiring than aiming to be level 2 of 5 in capability. For example “We will be in the top 10% of corporate organisations by achieving a strong capability in 25 Key Process Areas”

    Step 3 – How Will You Get There

    Experience has shown that it takes between 3 and 12 months to raise maturity by one level.

    A recommended approach to improve process capability is to appoint process owners for the KPAs to be addressed. For example you could appoint one person to drive improvement for Business Case Development and Benefits Management KPAs and another person to drive improvement for Requirements Management and Configuration Management KPAs. An improvement roadmap should be produced showing the priority of the KPAs to be addressed and the set of initiatives which will improve them. The improvement roadmap should be used to drive and measure progress.

    It is important to recognise that if you are changing processes, policies, standards, job descriptions or reporting structures then you will be changing how some people will work. Therefore, as with any initiative that affects people’s current working practices, power or authority, it should be treated as a change initiative. If the change is likely to be significant, it is recommended to establish a change programme to help with the transition. Using change methods such as Six Sigma™ help to structure the roadmap and ensure that the solution sticks.

    Step 4 – How Will You Know?

    To increase capability organisations need to collect metrics in order to provide a platform for continuous improvement.

    Therefore regardless of your baseline maturity it is recommended that the improvement roadmap identifies what metrics should be collected to demonstrate performance improvement.

    The establishment of Key Performance Indicators (KPIs) will not only enable organisations to determine when they have achieved their goal but can also be used to prove the Business Case for the process improvement journey (i.e. what is your return on the capability investment?).

    If your KPIs are showing that you have achieved your current maturity goal then you may wish to consider gaining accreditation for that level of maturity (for recognition or for marketing purposes) or wish to repeat the exercise to determine what is required to get to the next level of maturity.

    Using P3M3 for Benchmarking

    The first maturity model was developed as a means for the US Government to make better procurement decisions by comparing contractors’ capabilities. P3M3 can be used in the same way. If you tender for government business then procurement professionals give more credence to an independently awarded certificate than a company’s own claims of capability.

    Procurement professionals also give more weight to an organisational certificate than they do an individual’s certificate (currently organisations submit PRINCE2™ practitioner certificates with their proposal as an indicator of project management capability. With 200,000 PRINCE2™ practitioners worldwide it is difficult for buyers to differentiate between them).

    Certification against P3M3 is now possible. The OGC’s accreditation partner APM Group Ltd (APMG) have taken the OGC models and established an accreditation process for gauging the maturity level of organisations for their portfolio, programme and project management activities.

    Depending on the scope of the assessment certificates can be awarded for:

  • PRINCE2™
  • Project Management
  • Programme and Project Management
  • Portfolio, Programme and Project Management
  • Certificates are awarded for the maturity level obtained, although few if any organisations would want a certificate for level 1 maturity. The highest awarded certificate to date (April 2006) is for Level 3 in Project Management.

    Using P3M3 for Skills Development

    A recent web search revealed some 300+ separate training modules relating to portfolio, programme and project management. The UK’s National Occupational Standards for Project Management shows some 51 separate competencies for project management.

    A common dilemma which faces many HR professionals is deciding how to spread a finite training budget across a myriad of competencies. Which ones will yield the greatest impact on performance within this financial year

    Which Niche To Conquer?
    I'm sure that you've heard about how many start up companies fail when they first begin, and the reason that most (if not all) of their failures is because they don't create a good fountain to build on.If we start right, it is easy to go right all the time. But if we start wrong, it's much harder to go back and get it right. So please pay close attention, get out your pen and pencil, and let's get to work.When you first start, you need to decide which niche are you going to conquer.When I first started my online business, I made the same mistake that 99.9% of people make. I read an ebook about how to make money online, and I decided that I would...can you guess...?I wrote my own book about "how to make money." I compiled all of the regurgitated information I could find, put a twist on it, and started to sell it. After 2 weeks and a little over $30 in sales I started to think:"Why am I selling a book about how to make money... when I have NEVER in my life made any real money!?!"You may laugh, but it took me a few weeks before I realized that there was a problem there. I decided to stop selling my book, and started to look for other ways to make money online. What I stumbled upon next really gets exciting.I was going to college at the time, and my degree is in "Computer Information Systems." I knew some things about programming, but not enough to create anything real. What I did know is where programmers spend their time online.So I started visiting places where you could hire programmers and got to know a few. I then started to search for a market that needed something.What I came upon was the "Resale Rights" market. Basically this was people buying and selling digital products (ebooks and software) that they could then go and sell to other people. This concept really excited me. I purchased a lot of these products, but struggled to sell them because all of the products had links back to th
    ospace technology for governments, then your organisation’s performance is likely to be highly dependent on your programme and project management capability.

    If you are a retailer by contrast then your organisation’s overall performance is likely to be less dependent on programme and project management capability.

    The output from Step 1 will help identify some realistic goals. For example, there are 13 KPAs that need to be addressed to get to level 2 maturity. If the initial assessment has shown that 8 of the 13 are ok then a realistic goal would be to change the 5 weak KPAs to strong KPAs within 6 months to consolidate at level 2 before addressing how to get to level 3.

    With an estimated 90% of organisations operating at Level 1 or Level 2 maturity, setting targets by the quantity of strong KPAs is more inspiring than aiming to be level 2 of 5 in capability. For example “We will be in the top 10% of corporate organisations by achieving a strong capability in 25 Key Process Areas”

    Step 3 – How Will You Get There

    Experience has shown that it takes between 3 and 12 months to raise maturity by one level.

    A recommended approach to improve process capability is to appoint process owners for the KPAs to be addressed. For example you could appoint one person to drive improvement for Business Case Development and Benefits Management KPAs and another person to drive improvement for Requirements Management and Configuration Management KPAs. An improvement roadmap should be produced showing the priority of the KPAs to be addressed and the set of initiatives which will improve them. The improvement roadmap should be used to drive and measure progress.

    It is important to recognise that if you are changing processes, policies, standards, job descriptions or reporting structures then you will be changing how some people will work. Therefore, as with any initiative that affects people’s current working practices, power or authority, it should be treated as a change initiative. If the change is likely to be significant, it is recommended to establish a change programme to help with the transition. Using change methods such as Six Sigma™ help to structure the roadmap and ensure that the solution sticks.

    Step 4 – How Will You Know?

    To increase capability organisations need to collect metrics in order to provide a platform for continuous improvement.

    Therefore regardless of your baseline maturity it is recommended that the improvement roadmap identifies what metrics should be collected to demonstrate performance improvement.

    The establishment of Key Performance Indicators (KPIs) will not only enable organisations to determine when they have achieved their goal but can also be used to prove the Business Case for the process improvement journey (i.e. what is your return on the capability investment?).

    If your KPIs are showing that you have achieved your current maturity goal then you may wish to consider gaining accreditation for that level of maturity (for recognition or for marketing purposes) or wish to repeat the exercise to determine what is required to get to the next level of maturity.

    Using P3M3 for Benchmarking

    The first maturity model was developed as a means for the US Government to make better procurement decisions by comparing contractors’ capabilities. P3M3 can be used in the same way. If you tender for government business then procurement professionals give more credence to an independently awarded certificate than a company’s own claims of capability.

    Procurement professionals also give more weight to an organisational certificate than they do an individual’s certificate (currently organisations submit PRINCE2™ practitioner certificates with their proposal as an indicator of project management capability. With 200,000 PRINCE2™ practitioners worldwide it is difficult for buyers to differentiate between them).

    Certification against P3M3 is now possible. The OGC’s accreditation partner APM Group Ltd (APMG) have taken the OGC models and established an accreditation process for gauging the maturity level of organisations for their portfolio, programme and project management activities.

    Depending on the scope of the assessment certificates can be awarded for:

  • PRINCE2™
  • Project Management
  • Programme and Project Management
  • Portfolio, Programme and Project Management
  • Certificates are awarded for the maturity level obtained, although few if any organisations would want a certificate for level 1 maturity. The highest awarded certificate to date (April 2006) is for Level 3 in Project Management.

    Using P3M3 for Skills Development

    A recent web search revealed some 300+ separate training modules relating to portfolio, programme and project management. The UK’s National Occupational Standards for Project Management shows some 51 separate competencies for project management.

    A common dilemma which faces many HR professionals is deciding how to spread a finite training budget across a myriad of competencies. Which ones will yield the greatest impact on performance within this financial year

    Various Carpet Cleaning Techniques To Make Your Life Easier
    So many stains, so little time. Carpet cleaning has sure come a long way over the years since the baking soda paste scrub. Today there are so many different ways to clean a carpet that you can be sure that one of those ways will get rid of the nasty stain. The most common ways today for carpet cleaning are: carpet shampoo, dry powder, steam cleaners, carbonated water, bonnet as well as many home remedies. No matter what your stain is one of these proven methods is sure to get rid of your tough stains. Lets break it down as to which method does what.The bonnet and carbonated water method of carpet cleaning uses a pre-treat solution of cleaning agents then a rotary tool is used to scrub the stain. At the bottom of the rotary tool is a bonnet or pad if you will, that transfers the dirt from your carpet to the bonnet. You may have heard of such companies as Chem Dry that offers this method. Sort of the methods used by housewives where they use club soda on a stain and then a clean white clothe to soak up the stain by blotting it. This method works much better than just shampooing the carpet. Using shampoo involves spreading carpet shampoo on the stains and scrubbing it in with a brush. The shampoo’s can be in dry powder form, foam spray or even liquid. After the shampoo has dried it is then vacuumed up with a vacuum cleaner. This method of carpet cleaning works for quick fixes but mainly just pushes the dirt further into the carpet.Most Stores Have What You’re Looking ForMost every grocery store you walk into has a shelf at the front of the store, which is dedicated, to carpet steam cleaners. You can buy them at most stores such as Target and Walmart. The carpet steam cleaner is perhaps one the most common ways for people to carpet cleaning. Do not be fooled by the name, as steam is not really used in this process but actually hot water. It is affordable and they can do it themselves. With a steam cleaner, shampoo is sprayed onto the carpe
    >The establishment of Key Performance Indicators (KPIs) will not only enable organisations to determine when they have achieved their goal but can also be used to prove the Business Case for the process improvement journey (i.e. what is your return on the capability investment?).

    If your KPIs are showing that you have achieved your current maturity goal then you may wish to consider gaining accreditation for that level of maturity (for recognition or for marketing purposes) or wish to repeat the exercise to determine what is required to get to the next level of maturity.

    Using P3M3 for Benchmarking

    The first maturity model was developed as a means for the US Government to make better procurement decisions by comparing contractors’ capabilities. P3M3 can be used in the same way. If you tender for government business then procurement professionals give more credence to an independently awarded certificate than a company’s own claims of capability.

    Procurement professionals also give more weight to an organisational certificate than they do an individual’s certificate (currently organisations submit PRINCE2™ practitioner certificates with their proposal as an indicator of project management capability. With 200,000 PRINCE2™ practitioners worldwide it is difficult for buyers to differentiate between them).

    Certification against P3M3 is now possible. The OGC’s accreditation partner APM Group Ltd (APMG) have taken the OGC models and established an accreditation process for gauging the maturity level of organisations for their portfolio, programme and project management activities.

    Depending on the scope of the assessment certificates can be awarded for:

  • PRINCE2™
  • Project Management
  • Programme and Project Management
  • Portfolio, Programme and Project Management
  • Certificates are awarded for the maturity level obtained, although few if any organisations would want a certificate for level 1 maturity. The highest awarded certificate to date (April 2006) is for Level 3 in Project Management.

    Using P3M3 for Skills Development

    A recent web search revealed some 300+ separate training modules relating to portfolio, programme and project management. The UK’s National Occupational Standards for Project Management shows some 51 separate competencies for project management.

    A common dilemma which faces many HR professionals is deciding how to spread a finite training budget across a myriad of competencies. Which ones will yield the greatest impact on performance within this financial year?

    As part of the accreditation assessment method, APMG mapped the levels of process maturity to levels of people maturity (i.e. the portfolio, programme and project management skills).

    Using P3M3 and the APMG’s competency map it is now possible to identify a roadmap of training modules that relate to your organisation’s capability (e.g. there’s little point in investing in training related to level 4 KPAs if your organisation is at level 2).

    Today there are numerous skills assessment tools available for HR teams to benchmark the people in their organisation. A common feature across all such tools is the ability to structure the assessment around a competency framework.

    Combining skills assessments with organisational assessment means that it is now possible to identify and sequence both the organisational changes and people changes as part of a coherent improvement plan.

    Using P3M3 for Benefits Management

    Since P3M3 describes a hierarchy of Key Process Areas (KPAs) that correlate to improved performance, it provides an excellent framework for assessing the impact of improvement projects. For example, if you are considering implementing an enterprise planning tool (such as Primavera) you can use the P3M3 model to assess how the tool contributes to the KPAs that are important to your organisation. Knowing what KPAs you need to target will help you scope which features to buy and/or implement. If you are introducing features that do not improve any of your target KPAs then it should prompt questions as to why those features are being introduced at all.

    Understanding your current capability against the P3M3 model also enables you to do a ‘before’ and ‘after’ assessment to quantify the impact of introducing such tools.

    P3M3 can also be used to address the impact of:

  • Mergers & Acquisitions
  • Organisation Re-structure
  • Training & Development programmes
  • Deployment of new technology
  • Changes to Roles, Responsibilities, Objectives
  • Implementing a governance framework
  • Benefits

    A maturity model such as P3M3 provides a framework for identifying and prioritising those changes which will yield the greates impact on your organisation. It helps set expectations as to what is required in what sequence and in what timescale.

    Benefits from using the P3M3 as a basis for process improvement are:

  • improved schedule and budget predictability
  • improved cycle time
  • increased productivity
  • improved quality (as measured by defects)
  • increased customer satisfaction
  • improved employee morale
  • increased return on investment
  • decreased cost of quality
  • See www.outperform.co.uk for more information.

    HTTP = HTML link (for blogs, profiles,phorums):
    <a href="http://www.casualarticles.com/article/22757/casualarticles-Portfolio-Programme-and-Project-Management-Maturity--Model--a-Guide-to-Improving-Performance.html">Portfolio, Programme and Project Management Maturity Model - a Guide to Improving Performance</a>

    BB link (for phorums):
    [url=http://www.casualarticles.com/article/22757/casualarticles-Portfolio-Programme-and-Project-Management-Maturity--Model--a-Guide-to-Improving-Performance.html]Portfolio, Programme and Project Management Maturity Model - a Guide to Improving Performance[/url]

    Related Articles:

    Business Email When Talking To International Companies Is Important

    LED video Displays

    Reusing Corrugated Boxes for Shipping

    Bookmark it: del.icio.us digg.com reddit.com netvouz.com google.com yahoo.com technorati.com furl.net bloglines.com socialdust.com ma.gnolia.com newsvine.com slashdot.org simpy.com shadows.com blinklist.com