Leading companies are renewing their organizations to position themselves for the upturn in the market--and those that use OPM3 have an advantage.
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Recently we surveyed members of two OPM3 groups and asked them what they thought the generic reasons for using OPM3 may be, and how OPM3 should be used. We also asked them how various stakeholders within an organization may view these questions. Their answers provide interesting food for thought.
An assessment using PMI’s Organizational Project Management Maturity Model is intended to help organizations develop capabilities in project, program or portfolio management. Find out more about OPM3 assessments--and how you get certified--in this article.
Agile organizations are always learning from their customers and their products, using them as guides to new ideas and opportunities. They also bring an agile mindset to selecting and executing the ideas they pursue, making advances iteratively through a continuous cycle of different initiatives at different stages.
The goal of Potential Opportunity Analysis is to enhance the success of your project. It involves the same type of detailed planning as risk management.
Annual IT planning doesn't have to be just another business-related hoop to jump through. Think of it as a great opportunity to get your IT department in line with organizational business goals and objectives. Here's how to seize that opportunity.
The massive stimulus package has the project portfolio management community thinking big, with leading PPM software providers poised for their own economic bump as they demonstrate how their solutions can maximize taxpayer dollars.
Imagine the effect of converting every project participant into a potential problem solver. When you empower people to take action and make change, the results can be astonishing. Here is a process for creating a culture that encourages problem solving at all levels, turning 'issues' into business opportunities.
Meet the Opportunity Matrix, the tool that provides the bridge between the business objectives of the organization and the IT programs required to help achieve them. It is also where high value opportunities are identified and qualified. In short, the Opportunity Matrix provides the basis for both short- and long-term IT planning and portfolio management, and is a key tool for successful IT managers.
Often, if the planned costs do not meet project budget, the project manager will change the scope or finish date of the project to meet the budget constraints. Occasionally, however, it is possible for the project manager and the project team to develop creative means by which to adhere to the budget and still meet the project timeline and implement the original scope. This article is based on an actual project from a Fortune 500 company that was launched successfully in 2009. The project underwent major budget reductions while its original scope and time schedule were preserved. This article describes a broad set of project management activities that the project team managed throughout the project life cycle while reducing overall project costs and maintaining the integrity of the project.