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Ronald Mccaffer

An Executive’s Guide to

OPM3

Transform Strategy into Results

Project Management Institute

An Executive’s Guide to

T

OPM3
Organizations such as IBM, AT&T, the United States Army and the National Aeronautics and Space Administration (NASA) employ project management. The potential benefits of project management embracing project management as a way of successfully completing projects, meeting business objectives and achieving organizational goals.

Introduction

o fully understand and appreciate the relevance and importance of Organizational Project Management Maturity Model (OPM3®) in today’s business and organizational environment, and how it can work within your organization, it might initially be helpful to recognize the vital role that projects and project management increasingly play within successful companies and organizations in the global marketplace. The work performed by organizations generally involves either operations or projects, although the two may overlap. Operations and projects share a number of characteristics in that they are: Performed by people; Constrained by limited resources; and Planned, executed and controlled.

With a definite beginning and end, projects are undertaken to create a unique product or service (according to A Guide to the Project Management Body of Knowledge (PMBOK® Guide)). Projects may involve a single person or many thousands, and their duration can range from just a few short weeks to several years. They each have their own set of requirements that must be met by effective project management. According to the PMBOK® Guide, project management provides organizations with the knowledge, skills, tools and techniques to help them and their colleagues plan and execute projects on time and on budget. Project management is accomplished through the use of processes such as Initiating, Planning, Executing, Controlling, and Closing. Why organizations need project management What is project management?...