Measuring Maturity As A Key Success Indicator

  Organizational Project Management   PM Network  

Project management maturity within an within an organization can offer benefits that resemble a sure-fire recipe for business success: better cost control, improved strategic decision-making, sustainable growth and long-term profitability. According to the 2012 PMI Pulse of the Profession survey of more than 1,000 project professionals, organizations whose employees reported high project management maturity were more likely to deliver projects on time, on budget and aligned with the original business goals.

One area where organizations particularly come up short is in measuring their own maturity. SPI Research’s 2011 Professional Services Maturity Benchmark study of 214 global organizations found that only a quarter of organizations had created a set of standardized processes for managing projects, and only 15 percent use metrics and controls at the portfolio level.

Organizations can take several steps to effectively measure maturity—a proven influencer of a wide range of strategic business benefits, including improved cost control, strategic decision-making, sustainable growth and long-term profitability. These methods go beyond conducting interviews and compiling metrics to cultivating an organizational mindset that helps ensure meaningful results.

Step By Step

Before collecting a single metric, start with reasonable expectations about what …

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