Organizational Project Management Maturity Model (OPM3) is the project management maturity model proposed by the Project Management Institute (PMI). It sets the standard for excellence in project, program, and portfolio management best practices. OPM3 explains the capabilities necessary to achieve those best practices and to deliver projects successfully, consistently, and predictably. A Capability Assessment reports one’s existing capabilities (level of maturity) and provides specific, actionable, and manageable options for developing existing capabilities further.
OPM3 considers that project management consists of 3 layers; wherein maturity should be improved continuously throughout the stages of standardization, measurement, control and improvement. OPM3 provides organizations with an assessment tool to evaluate their maturity in each of these 3 layers and to develop improvement plans aligned with the best practices and organizational strategy. OPM3 provides an objective basis upon which organizations can assess their maturity on a continuous scale of 0 to 100%, based on a standard developed and accepted globally by the Project Management community.
Some techniques to develop improvement plans:
1. Metrics reveal the health of a project. The devil is in the details. Tracking metrics can help identify process gaps and develop improvement plans. Some examples of metrics that can be tracked in a project are as below:
- Effort variance: tasks planned versus actual and hours planned versus actual
- Defect Backlog: Shows new and open defects by severity, functionality group and release
- Customer weighted requirements prioritization matrix
- Bugs triage: Prioritize bugs according to customer impact and complexity of the fix
2. Enable communication between the Project team and Auditors where cross-pollination of ideas can take place.
3. Document best practices and lessons learned