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Ppm Maturity Essay

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Below is an essay on "Ppm Maturity" from Anti Essays, your source for research papers, essays, and term paper examples.

A CENTER FOR BUSINESS PRACTICES RESEARCH REPORT

Project Portfolio Management Maturity
A BENCHMARK OF CURRENT BUSINESS PRACTICES
value

project office

project management maturity

410 TOWNSHIP LINE ROAD HAVERTOWN, PA 19083 484.450.0100 • WWW.CBPONLINE.COM

Center for Business Practices
CAPTURING, ORGANIZING, AND TRANSFERRING MANAGEMENT KNOWLEDGE

PROJECT PORTF TFOLIO MANA MATURIT TURITY PROJECT PORTFOLIO MANAGEMENT MATURIT Y

2

Executive Summary
ORGANIZATIONS ARE AT the bottom rungs of the project portfolio management maturity ladder, and they have particularly immature portfolio performance management processes. These conclusions are among the results of a survey of 54 senior-level project portfolio management practitioners by the Center for Business Practices. The CBP surveyed senior practitioners with knowledge of their organizations’ project portfolio management practices and their organizations’ business results. Over 90% of organizations are at Level 1 or 2 in project portfolio management maturity, and none are at Level 4 or 5. The survey used PM Solutions’ Project Portfolio Management Maturity Model in the assessment. The model describes how organizations mature as they improve their project management processes. As such, it is a useful framework for organizations wishing to improve their project portfolio management processes. Observations and conclusions drawn from the study include the following: The greatest benefits of project portfolio management are that organizations better align their projects to business strategy (rating 3.9 on a scale of 1-5) and that they now work on the right projects (rating 3.5). The more mature the organization, the more benefits the organization realized due to their project portfolio management practices. In particular, the rating of benefits improved in moving in maturity from Level 1 to Level 2 to Level 3 as follows:
• Allocating resources optimally: • Killing poor projects: • Spending in the right...

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