Preview

Project Management and Maturity Model

Good Essays
Open Document
Open Document
505 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Project Management and Maturity Model
1. What are the major economic forces that serve as an impetus for using oversight/ governance tools and processes?
The primary advantage of using oversight and governance tools and processes is the ability to ensure that projects align with and support the organization’s strategy. Intense global competition, the need to minimize time to market, and an increase in the number of projects make such tools especially relevant.

2. The Super Web Design president has asked you to justify present and future oversight activities. Answer her request.
Oversight activities contribute to ROI and competitive advantage by ensuring that projects support organizational strategy. Oversight provides a bridge between senior management and the project management team and ensures that project managers understand how their projects are relevant to the overall goals of the organization. It also supports continuous improvement in the way projects are managed. With oversight, a project that is not meeting goals or doesn’t support changing organizational strategy can be terminated and its resources redirected.

3. What are the three major advantages to an organization using a maturity model?
The major advantages of using a maturity model are the emphasis on continuous improvement, ability to benchmark within an organization’s industry, and the involvement of senior management in project selection and management.

4. “We aren’t big enough to have a project office, but we need the discipline of project management methods and standards.” What advice would you give the CEO of this organization? Justify.
I would tell this CEO that even small organizations can benefit from a project office and oversight. I would recommend that the CEO begin by implementing project management processes and following best practices as outlined by the Project Management Institute. Although it may take years to progress through the stages of the Maturity Model, the organization will likely see immediate

You May Also Find These Documents Helpful

  • Powerful Essays

    The project success is determined by the formation of effective control measures and processes to make certain that the project achieves its intended goals and objectives, while abiding to the arranged schedule and budget limits. The most important elements of project controls consist of tracking time and prioritization of cost, managing contingencies that takes place throughout the project implementation, tracking crucial project milestones and timeline in order to guarantee that the project continue on track while managing and controlling external resources required in the project. In this paper I will discuss how Unites State Medical Materiel Agency (USAMMA) implement and manage project controls, and lastly provide an evaluation of how effective their project management.…

    • 1428 Words
    • 6 Pages
    Powerful Essays
  • Best Essays

    We will create long term value by applying project controls oversight, leadership, and partnerships in executing the right projects at the right time and the right cost.”…

    • 3170 Words
    • 13 Pages
    Best Essays
  • Good Essays

    Describe the project in terms the CEO can understand. Consider the CEO’s perspective, needs, and style of communication.…

    • 659 Words
    • 3 Pages
    Good Essays
  • Best Essays

    CIPD - 5DPP

    • 3309 Words
    • 14 Pages

    Within the confines of this report we will investigate the 6 keys headline statements in delivering the finding. These are the project plan, risk assessment, creative thinking, and team working and conflict, political behaviour, ending with formal recommendations. The principal argument will look at the functionality of project management and the delicate balancing act of the different element that would bring a successful outcome or possibly result in failure.…

    • 3309 Words
    • 14 Pages
    Best Essays
  • Better Essays

    These channels can effectively aware stakeholders that a particular project is under control. Without proper feedback channels, an assignment could be derailed with little visibility until the deadline.…

    • 869 Words
    • 4 Pages
    Better Essays
  • Powerful Essays

    Pinto, JK, (2010), Project Management – Achieving Competitive Advantage, 2nd ed, Pearson, New Jersey, USA…

    • 1355 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    There are many positive and compelling reasons to conduct a project audit. Project audits: 1) include a reassessment of the project’s role in the organization’s priorities 2) includes a check on the organizational culture to ensure it facilitates the type of project being implemented 3) assess how well the team is functioning and if it is properly staffed 4) check on external factors that might change where the project is heading 5) include a review of all factors relevant to the project and to managing future projects.…

    • 318 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Victoria Chemicals

    • 864 Words
    • 4 Pages

    5. Which project should James Fawn propose to the chief executive officer and the board of directors?…

    • 864 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Project Management

    • 329 Words
    • 2 Pages

    3. Compose the tasks that would be needed to complete a Gantt chart (project schedule) for outsourcing the company’s payroll system. Compare the advantages and disadvantages of using a Gantt chart versus using the Performance evaluation and review technique (PERT) and critical path method (CPM) when managing projects.…

    • 329 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    The organization I work for is very small. We are a small independent insurance agency and an event planning agency housed in the same office. There are a total of three employees including myself. Two of the employees work in the insurance company and one employee works both companies. There are many contracted independent agents that may use the office on an as needed basis on the insurance side. Several years ago, I bought a program called the Insurance Profit s System; it is not a project based program. However, it had many of the foundational steps that were laid out for the Project Management Maturity Model (PMMM,) such as creating common process for agents so we are all doing and saying the same things. This is a project we took on as a company and it took approximately a year and half to get through all the required steps. All of the employees were on board to get it done. Part of this process include detailing our and process for every part of our jobs. In order to do this we had to track ourselves for many months. The agency now has almost all the process written and each one of us is responsible for a section. When we add products we also add the…

    • 522 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Project Plan

    • 9315 Words
    • 38 Pages

    Finne, T. (2005). Casting a Wide Net. Internal Auditor; Vol. 62 Issue 4, p29-33. Retrieved June 4, 2006 EBSCOhost database, University of Phoenix Online Library Collection.…

    • 9315 Words
    • 38 Pages
    Good Essays
  • Powerful Essays

    Project Management

    • 689 Words
    • 3 Pages

    Project indirect cost represents overhead cost. Indirect cost varies directly in time. For instance, if our daily overhead cost is 250 euro, any reduction in project duration has to represent a saving of 250 euro per day. Project direct cost is clearly charged to a specific work package such as labor, materials and equipments. In order to create a cost-duration graph we have to apply three major steps:…

    • 689 Words
    • 3 Pages
    Powerful Essays
  • Better Essays

    Project Management for Development Organizations. (2011). Benefits of a project management methodology. Retrieved September 9, 2012 from http://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=2&ved=0CCYQFjAB&url=http://www.pm4dev.com/resources/edocs/doc_download/9-benefits-of-a-project-management-methodology.html&ei=4RtNUPrZCqGQ2QXKiIG4Cw&usg=AFQjCNGGAqhvaHnGwdgg9wbKvyK9a-WTOg&sig2=DD97M5G-24-wMPx_lgiBng…

    • 1318 Words
    • 6 Pages
    Better Essays
  • Best Essays

    Monitoring and Evaluation

    • 1936 Words
    • 8 Pages

    How do we know if a project has achieved efficiency, been appropriate to its stakeholders and provided adequate benefit to as many stakeholders as possible? Has the project produced unwanted or beneficial side effects? Has new knowledge been generated and what learnings can we take from the project? Is the project or elements thereof replicable? This essay explores Monitoring and Evaluation (M&E) as part of the project cycle. In order to provide context, it defines monitoring and evaluation and distinguishes between them. It then provides a critical discussion on the difference between Participatory Monitoring and Evaluation (PM&E) and conventional Monitoring and Evaluation (M&E). Finally, it focuses on Participatory Monitoring and Evaluation and how it is used in practice with specific reference to a case study from China by Jianchu Qui & Vernooy.…

    • 1936 Words
    • 8 Pages
    Best Essays
  • Satisfactory Essays

    Caste study Apache Metals

    • 326 Words
    • 2 Pages

    5. What time frame would be appropriate to achieve excellence in project management? What assumptions must be made?…

    • 326 Words
    • 2 Pages
    Satisfactory Essays