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Answer Upon - Portfolio, Programme and Project Management Maturity Model - a Guide to Improving Performance
You Charge WHAT to Do THAT? t are not causing problems. Additionally, for large organisations it is likely that you have islands of good practice. What is it that department X does differently to department Y or Z? It may be that you have many of the KPAs covered but not universally across the organisation. Adopting good practice from within your own organisation can significantly accelerate adoption rates and hence performance improvement.As entrepreneurs, we’re all in ‘business’ to do ‘business’. This is just a basic fact of life and I know absolutely no one who has started his or her own company in order to deliberately lose money! While this (unfortunately) might be the case when the bottom line ‘bottoms’ out, all business owners start off with high expectations and resolutions on how they’ll become successful.So, we venture off on the long and sometimes arduous journey to build our network of solid, paying clients to keep our business viable, and then WHAM! We get hit with a dose of cold, harsh reality when one of our first potential clients says those dreaded words... “You charge WHAT to do THAT?” As you’re scrambling to find the right words to justify why your price is set at what it is, you’ve just lost your credibility in one fell swoop. Want to know why?It’s NEVER about the price! And it’s all about value!Are you shocked to read that line? You shouldn’t be. Early on in the start-up phase of my business, Gair Maxwell, a very effective seminar leader/guru suggested that I read Jeffrey Gitomer’s “Little Red Book of Sales Answers”, because ultimately we entrepreneurs are our ‘own’ salespeople and need to know how to ‘sell’ our business effectively. That has to be one of the best pieces of advice I’ve received and I devoured this book! And along the way I learned that it’s never about the ‘price’ you charge – it’s about the ‘value’ you have to offer to your prospective clients that matters more.You need to tune in to the station called “WII-4M” – the station that clients listen to - the ‘what’s in it for me” direct hotline that gets them listening to you. You need to find out first what area they REALLY need your services most for i.e. what stress relief you can provide them with by solving some of their dilemmas. This involves listening to what your clients are telling you what they detest most about doing in their busine The best way to understand current capability is to conduct a baseline assessment against the maturity model through a process of inspection and structured interviews. Step 2 – Where Do You Want To Be? Not all organisations need to be at Level 5 maturity. The ideal maturity level for an organisation will depend on how important programmes and projects are to their overall performance. If you are a R&D organisation, say developing aerospace technology for governments, then your organisation’s performance is likely to be highly dependent on your programme and project management capability. If you are a retailer by contrast then your organisation’s overall performance is likely to be less dependent on programme and project management capability. The output from Step 1 will help identify some realistic goals. For example, there are 13 KPAs that need to be addressed to get to level 2 maturity. If the initial assessment has shown that 8 of the 13 are ok then a realistic goal would be to change the 5 weak KPAs to strong KPAs within 6 months to consolidate at level 2 before addressing how to get to level 3. With an estimated 90% of organisations operating at Level 1 or Level 2 maturity, setting targets by the quantity of strong KPAs is more inspiring than aiming to be le Accounting With the Lights Out Improving Performance Using Maturity ModelsAccounts Payable would be easy if it wasn’t for all the paper, as anyone who works in the area will tell you. Paper-based, manual accounting systems have been the bugbear of corporate AP departments for decades.Even the most rigorously organised AP system has plenty of opportunities for problems, including lost or misplaced invoices; incorrect manual data entry; time lost sorting and filing paper, or trying to locate matching purchase orders. All of which leads to slow processing, which can impact directly on the organisation’s financial reputation with partners and suppliers. What’s more, manual AP systems make it almost impossible to meet the regulatory and compliance demands of Sarbanes Oxley, IFRS and others for complete document traceability and auditability.All in all, it’s a recipe for a fruitless paper chase. Throwing manpower at the problem isn’t a viable solution. More people means more invoices processed – but employment and labour costs are significant for such skilled staff, which limits expansion in the AP function. On average, a full time AP employee can process around 8500 invoices per year using manual processes. Yet world-class companies can process upward of 80,000 invoices per person per year – a quantum leap in efficiency.Flicking the switchSo how is a ten-fold boost in productivity possible? It’s simply a question of automating as many aspects of the AP function as possible. The real costs involved in AP are the man-hours involved in manual tasks, including: finding purchase orders and good received notes; checking and matching these; manual data entry into core business systems such as ERP; manual validation; processing complex invoices which may involve checking against service level agreements, and more.Even more costs are incurred in tasks such as long-term filing and storage of documents, staff turnover and teaching systems to new staff. If these tasks can be automated, then accounting staff c The 1990’s saw a dramatic increase in the number of people with the job title Project Manager as organisations addressed the problem of an ever changing world through Managing by Projects. Many organisations adopted the PRINCE2™ method as a means to gain some consistency of project management approach across their now swelling ranks of project managers. With both an increasing need for Project Managers and an increasing number of people claiming to be Project Managers, many organisations based their recruitment and development strategies on certification of project management competence. Having a PRINCE2™ Practitioner certificate became an indication of competence (even though it is only an indicator of knowledge). Experience has shown that successful implementation of a project management method requires more than just training your project managers. A successful organisation requires processes, technology, policies and standards for project management - which also need to be integrated with other management systems for them to work effectively and efficiently. In the absence of an organisation wide project infrastructure, project results depend entirely on the availability of certain high performing individuals. This does not necessarily provide the basis for long-term or consistent project performance. However, such infrastructure doesn’t establish itself overnight. It may take several years; it may take a programme of change to institutionalise. Therefore it is not surprising that the more advanced organisations are now asking themselves, “Where have we got to and what more do we need to do?” This is where maturity modelling can help. Project and programme management maturity models describe the project and programme related activities within Key Process Areas (KPAs) that contribute to achieving successful outcomes. A good model, such as the OGC’s P3M3, recognises not only the project management activities being carried out at the individual project level, but also those activities within an organisation that build and maintain a programme and project infrastructure of effective project approaches and management practices. By undertaking a maturity assessment against an industry standard model, such as P3M3, an organisation will be able to verify what they have achieved, where their strengths and weaknesses are, and then identify a prioritised action plan to take them to an improved level of capability. What Are Maturity Models? “A maturity model is a structured collection of elements that describe characteristics of effective processes. A maturity model provides:
A maturity model can be used as a benchmark for assessing different organizations for equivalent comparison.” - Wikipedia The Software Engineering Institute (SEI) developed the first Capability Maturity Model® (CMM®) back in the 1980s. This was a result of research that indicated the quality of software applications were directly related to the quality of the processes used to develop them. CMM® was originally intended as a government tool to evaluate the ability of contractors to deliver a software project. Though it originates from the software development industry it is widely used as a general model of the maturity of processes (e.g. Project and Programme Management). Maturity models have five levels: 1. Initial (chaotic, ad hoc, heroic) - the starting point for use of a new process. Portfolio, Programme and Project Management Maturity Model (P3M3) The Office of Government Commerce (OGC) is a department within the UK Government with a remit to help public sector organisations improve their efficiency, gain better value for money from procurements and deliver improved success from programmes and projects. They are the owners of PRINCE2™, Managing Successful Programmes (MSP), Management of Risk (M_o_R®) and the IT best practice framework, ITIL®. In 2003 the OGC released their first draft of a Portfolio, Programme and Project Management Maturity Model (P3M3). The model was refined and formally published in February 2006 after incorporating latest maturity modelling practices and after consultation with interested consultants, practitioners and their accreditation partner APM Group. The P3M3 describes the portfolio, programme and project-related activities within process areas that contribute to achieving a successful project outcome. The levels described within the P3M3 indicate how key process areas can be structured hierarchically to define a progression of capability which an organisation can use to set goals and plan their improvement journey. The levels facilitate organisational transitions from an immature state to become a mature and capable organisation with an objective basis for judging quality and solving programme and project issues. The distinct yet connected disciplines of portfolio, programme and project management are nested within the P3M3 model:
This means that organisations can use the model to evolve their maturity across all disciplines in an integrated approach or by addressing Project Management then Programme Management and then Portfolio Management in sequence. Using Maturity Models for Performance Improvement The beauty of maturity models is that they enable organisations to breakdown a broad process improvement goal into manageable tasks. The lower level KPAs need to be in place for the higher level KPAs to be effective. Therefore the lower level KPAs should be addressed first. Step 1 – Where Are You Today? In order to identify a prioritised roadmap for process improvement it is important to understand what KPAs you currently do well and what KPAs are causing you performance issues. Maturity modelling applies the concept that there’s little point in fixing things that are not broken or that are not causing problems. Additionally, for large organisations it is likely that you have islands of good practice. What is it that department X does differently to department Y or Z? It may be that you have many of the KPAs covered but not universally across the organisation. Adopting good practice from within your own organisation can significantly accelerate adoption rates and hence performance improvement. The best way to understand current capability is to conduct a baseline assessment against the maturity model through a process of inspection and structured interviews. Step 2 – Where Do You Want To Be? Not all organisations need to be at Level 5 maturity. The ideal maturity level for an organisation will depend on how important programmes and projects are to their overall performance. If you are a R&D organisation, say developing aerospace technology for governments, then your organisation’s performance is likely to be highly dependent on your programme and project management capability. If you are a retailer by contrast then your organisation’s overall performance is likely to be less dependent on programme and project management capability. The output from Step 1 will help identify some realistic goals. For example, there are 13 KPAs that need to be addressed to get to level 2 maturity. If the initial assessment has shown that 8 of the 13 are ok then a realistic goal would be to change the 5 weak KPAs to strong KPAs within 6 months to consolidate at level 2 before addressing how to get to level 3. With an estimated 90% of organisations operating at Level 1 or Level 2 maturity, setting targets by the quantity of strong KPAs is more inspiring than aiming to be lev Data Mining Models - Tom's Ten Data Tips e need to do?”What is a model? A model is a purposeful simplification of reality. Models can take on many forms. A built-to-scale look alike, a mathematical equation, a spreadsheet, or a person, a scene, and many other forms. In all cases, the model uses only part of reality, that’s why it’s a simplification. And in all cases, the way one reduces the complexity of real life, is chosen with a purpose. The purpose is to focus on particular characteristics, at the expense of losing extraneous detail.If you ask my son, Carmen Elektra is the ultimate model. She replaces an image of women in general, and embodies a particular attractive one at that. A model for a wind tunnel, may look like the real car, at least the outside, but doesn’t need an engine, brakes, real tires, etc. The purpose is to focus on aerodynamics, so this model only needs to have an identical outside shape.Data Mining models, reduce intricate relations in data. They’re a simplified representation of characteristic patterns in data. This can be for 2 reasons. Either to predict or describe mechanics, e.g. “what application form characteristics are indicative of a future default credit card applicant?”. Or secondly, to give insight in complex, high dimensional patterns. An example of the latter could be a customer segmentation. Based on clustering similar patterns of database attributes one defines groups like: high income/ high spending/ need for credit, low income/ need for credit, high income/ frugal/ no need for credit, etc.1. A Predictive Model Relies On The Future Being Like The PastAs Yogi Berra said: “Predicting is hard, especially when it’s about the future”. The same holds for data mining. What is commonly referred to as “predictive modeling”, is in essence a classification task.Based on the (big) assumption that the future will resemble the past, we classify future occurrences This is where maturity modelling can help. Project and programme management maturity models describe the project and programme related activities within Key Process Areas (KPAs) that contribute to achieving successful outcomes. A good model, such as the OGC’s P3M3, recognises not only the project management activities being carried out at the individual project level, but also those activities within an organisation that build and maintain a programme and project infrastructure of effective project approaches and management practices. By undertaking a maturity assessment against an industry standard model, such as P3M3, an organisation will be able to verify what they have achieved, where their strengths and weaknesses are, and then identify a prioritised action plan to take them to an improved level of capability. What Are Maturity Models? “A maturity model is a structured collection of elements that describe characteristics of effective processes. A maturity model provides:
A maturity model can be used as a benchmark for assessing different organizations for equivalent comparison.” - Wikipedia The Software Engineering Institute (SEI) developed the first Capability Maturity Model® (CMM®) back in the 1980s. This was a result of research that indicated the quality of software applications were directly related to the quality of the processes used to develop them. CMM® was originally intended as a government tool to evaluate the ability of contractors to deliver a software project. Though it originates from the software development industry it is widely used as a general model of the maturity of processes (e.g. Project and Programme Management). Maturity models have five levels: 1. Initial (chaotic, ad hoc, heroic) - the starting point for use of a new process. Portfolio, Programme and Project Management Maturity Model (P3M3) The Office of Government Commerce (OGC) is a department within the UK Government with a remit to help public sector organisations improve their efficiency, gain better value for money from procurements and deliver improved success from programmes and projects. They are the owners of PRINCE2™, Managing Successful Programmes (MSP), Management of Risk (M_o_R®) and the IT best practice framework, ITIL®. In 2003 the OGC released their first draft of a Portfolio, Programme and Project Management Maturity Model (P3M3). The model was refined and formally published in February 2006 after incorporating latest maturity modelling practices and after consultation with interested consultants, practitioners and their accreditation partner APM Group. The P3M3 describes the portfolio, programme and project-related activities within process areas that contribute to achieving a successful project outcome. The levels described within the P3M3 indicate how key process areas can be structured hierarchically to define a progression of capability which an organisation can use to set goals and plan their improvement journey. The levels facilitate organisational transitions from an immature state to become a mature and capable organisation with an objective basis for judging quality and solving programme and project issues. The distinct yet connected disciplines of portfolio, programme and project management are nested within the P3M3 model:
This means that organisations can use the model to evolve their maturity across all disciplines in an integrated approach or by addressing Project Management then Programme Management and then Portfolio Management in sequence. Using Maturity Models for Performance Improvement The beauty of maturity models is that they enable organisations to breakdown a broad process improvement goal into manageable tasks. The lower level KPAs need to be in place for the higher level KPAs to be effective. Therefore the lower level KPAs should be addressed first. Step 1 – Where Are You Today? In order to identify a prioritised roadmap for process improvement it is important to understand what KPAs you currently do well and what KPAs are causing you performance issues. Maturity modelling applies the concept that there’s little point in fixing things that are not broken or that are not causing problems. Additionally, for large organisations it is likely that you have islands of good practice. What is it that department X does differently to department Y or Z? It may be that you have many of the KPAs covered but not universally across the organisation. Adopting good practice from within your own organisation can significantly accelerate adoption rates and hence performance improvement. The best way to understand current capability is to conduct a baseline assessment against the maturity model through a process of inspection and structured interviews. Step 2 – Where Do You Want To Be? Not all organisations need to be at Level 5 maturity. The ideal maturity level for an organisation will depend on how important programmes and projects are to their overall performance. If you are a R&D organisation, say developing aerospace technology for governments, then your organisation’s performance is likely to be highly dependent on your programme and project management capability. If you are a retailer by contrast then your organisation’s overall performance is likely to be less dependent on programme and project management capability. The output from Step 1 will help identify some realistic goals. For example, there are 13 KPAs that need to be addressed to get to level 2 maturity. If the initial assessment has shown that 8 of the 13 are ok then a realistic goal would be to change the 5 weak KPAs to strong KPAs within 6 months to consolidate at level 2 before addressing how to get to level 3. With an estimated 90% of organisations operating at Level 1 or Level 2 maturity, setting targets by the quantity of strong KPAs is more inspiring than aiming to be le Why Logo Is That Important tended as a government tool to evaluate the ability of contractors to deliver a software project. Though it originates from the software development industry it is widely used as a general model of the maturity of processes (e.g. Project and Programme Management).Among the first things an entrepreneur would do when he starts his business is to get a logo designed. A well-thought, well-designed logo can speak volumes of your brand and image. Logo design is really that important. Today I got a big surprise at a popular shopping mall located along the East Coast of Singapore).I have not stepped into that mall for ages, and was duly impressed with the revamp. It certainly looked much younger and more hip. Then, I got into the lift. There was this large poster and I was casually browsing it when I saw their logo.I felt that the simple "P.P." logo design (with non-descript font arranged in a boring side-by-side format) was completely incompatible with the ‘feel’ of the mall! I guess I was staring at it a tad too long because a pair of young brothers, around 6 - 8 years old, and their parents started to look at it too. Below is the brow-raising conversation that haunted me the rest of that afternoon:Young Brother: P. P. What is P.P? Sound like going toilet to wee wee (giggle) Older Brother: No, it means no pthui pthui (spitting).You could dismiss that conversation as unintelligent babble of two young kids who could not know better. But you would not walk away from the adults’ remarks without learning one or two things about the importance of logo design.Mum : Just 2 “P” only, so simple. Must be in-house job. Cheapskate. Wonder why they use green and blue? Made people think they copy Standard Chartered Bank. Dad : Oh ya? The car park was in green and blue. I thought it was because of Stan Chart. Mum : There is no Stan Chart here! Here only has HSBC.This “silly” conversation only confirms one thing: That logo design is not ideal. A logo is a visual short cut to the corporate personality and character. If it fails to do that, then it might as well not be there.I was also reminded of an article I read recently. It said Maturity models have five levels: 1. Initial (chaotic, ad hoc, heroic) - the starting point for use of a new process. Portfolio, Programme and Project Management Maturity Model (P3M3) The Office of Government Commerce (OGC) is a department within the UK Government with a remit to help public sector organisations improve their efficiency, gain better value for money from procurements and deliver improved success from programmes and projects. They are the owners of PRINCE2™, Managing Successful Programmes (MSP), Management of Risk (M_o_R®) and the IT best practice framework, ITIL®. In 2003 the OGC released their first draft of a Portfolio, Programme and Project Management Maturity Model (P3M3). The model was refined and formally published in February 2006 after incorporating latest maturity modelling practices and after consultation with interested consultants, practitioners and their accreditation partner APM Group. The P3M3 describes the portfolio, programme and project-related activities within process areas that contribute to achieving a successful project outcome. The levels described within the P3M3 indicate how key process areas can be structured hierarchically to define a progression of capability which an organisation can use to set goals and plan their improvement journey. The levels facilitate organisational transitions from an immature state to become a mature and capable organisation with an objective basis for judging quality and solving programme and project issues. The distinct yet connected disciplines of portfolio, programme and project management are nested within the P3M3 model:
This means that organisations can use the model to evolve their maturity across all disciplines in an integrated approach or by addressing Project Management then Programme Management and then Portfolio Management in sequence. Using Maturity Models for Performance Improvement The beauty of maturity models is that they enable organisations to breakdown a broad process improvement goal into manageable tasks. The lower level KPAs need to be in place for the higher level KPAs to be effective. Therefore the lower level KPAs should be addressed first. Step 1 – Where Are You Today? In order to identify a prioritised roadmap for process improvement it is important to understand what KPAs you currently do well and what KPAs are causing you performance issues. Maturity modelling applies the concept that there’s little point in fixing things that are not broken or that are not causing problems. Additionally, for large organisations it is likely that you have islands of good practice. What is it that department X does differently to department Y or Z? It may be that you have many of the KPAs covered but not universally across the organisation. Adopting good practice from within your own organisation can significantly accelerate adoption rates and hence performance improvement. The best way to understand current capability is to conduct a baseline assessment against the maturity model through a process of inspection and structured interviews. Step 2 – Where Do You Want To Be? Not all organisations need to be at Level 5 maturity. The ideal maturity level for an organisation will depend on how important programmes and projects are to their overall performance. If you are a R&D organisation, say developing aerospace technology for governments, then your organisation’s performance is likely to be highly dependent on your programme and project management capability. If you are a retailer by contrast then your organisation’s overall performance is likely to be less dependent on programme and project management capability. The output from Step 1 will help identify some realistic goals. For example, there are 13 KPAs that need to be addressed to get to level 2 maturity. If the initial assessment has shown that 8 of the 13 are ok then a realistic goal would be to change the 5 weak KPAs to strong KPAs within 6 months to consolidate at level 2 before addressing how to get to level 3. With an estimated 90% of organisations operating at Level 1 or Level 2 maturity, setting targets by the quantity of strong KPAs is more inspiring than aiming to be le How To Use Donor Recognition in a Capital Campaign e to achieving a successful project outcome. The levels described within the P3M3 indicate how key process areas can be structured hierarchically to define a progression of capability which an organisation can use to set goals and plan their improvement journey.Capital campaigns using donor recognition are easy to conduct. In this type of capital campaign, a nonprofit group seeks a pledge of a certain contribution amount and in return, offers to provide a specific type of recognition.Donations of a certain amount are rewarded with graduated levels of recognition. The actual donation could be a one-time gift, a periodic donation, a monthly automatic withdrawal, or an annual check.Recognition products are available in a wide range of price points. They offer high-quality ways for your organization to thank donors for their support.Inexpensive items can be given to donors for smaller contributions, while larger donations are usually provided some type of visual recognition at your organization's headquarters or in a prominent high-visibility location outdoors.Recognition Plaques For very personalized recognition, consider offering a cast bronze plaque that highlights individual contributions to a specific project.You can also offer smaller individual photo plaques that provide more room for customization of the message.Donor Bricks Engraved or personalized bricks are an excellent way to provide or incent capital campaign contributions with inexpensive recognition. One attractive method is to use brick pavers with laser engraved messages in a special entryway or sidewalk.Another way to display these donor bricks that strengthens the tie to your group is to design and construct an attractive landscaping display.Many groups build a reflection garden or water fountain area and then incorporate these engraved bricks in the sidewalks, planters, and rest/reflection areas.Ask yourself if your grounds could benefit from this type of additional landscaping and then build a fund raising campaign around it.Remember that each personalized brick could bring a donation of as much as $150 while also strengthening the bond between the donor and your nonprofit organizat The levels facilitate organisational transitions from an immature state to become a mature and capable organisation with an objective basis for judging quality and solving programme and project issues. The distinct yet connected disciplines of portfolio, programme and project management are nested within the P3M3 model:
This means that organisations can use the model to evolve their maturity across all disciplines in an integrated approach or by addressing Project Management then Programme Management and then Portfolio Management in sequence. Using Maturity Models for Performance Improvement The beauty of maturity models is that they enable organisations to breakdown a broad process improvement goal into manageable tasks. The lower level KPAs need to be in place for the higher level KPAs to be effective. Therefore the lower level KPAs should be addressed first. Step 1 – Where Are You Today? In order to identify a prioritised roadmap for process improvement it is important to understand what KPAs you currently do well and what KPAs are causing you performance issues. Maturity modelling applies the concept that there’s little point in fixing things that are not broken or that are not causing problems. Additionally, for large organisations it is likely that you have islands of good practice. What is it that department X does differently to department Y or Z? It may be that you have many of the KPAs covered but not universally across the organisation. Adopting good practice from within your own organisation can significantly accelerate adoption rates and hence performance improvement. The best way to understand current capability is to conduct a baseline assessment against the maturity model through a process of inspection and structured interviews. Step 2 – Where Do You Want To Be? Not all organisations need to be at Level 5 maturity. The ideal maturity level for an organisation will depend on how important programmes and projects are to their overall performance. If you are a R&D organisation, say developing aerospace technology for governments, then your organisation’s performance is likely to be highly dependent on your programme and project management capability. If you are a retailer by contrast then your organisation’s overall performance is likely to be less dependent on programme and project management capability. The output from Step 1 will help identify some realistic goals. For example, there are 13 KPAs that need to be addressed to get to level 2 maturity. If the initial assessment has shown that 8 of the 13 are ok then a realistic goal would be to change the 5 weak KPAs to strong KPAs within 6 months to consolidate at level 2 before addressing how to get to level 3. With an estimated 90% of organisations operating at Level 1 or Level 2 maturity, setting targets by the quantity of strong KPAs is more inspiring than aiming to be le Stress at Work and Satisfaction t are not causing problems. Additionally, for large organisations it is likely that you have islands of good practice. What is it that department X does differently to department Y or Z? It may be that you have many of the KPAs covered but not universally across the organisation. Adopting good practice from within your own organisation can significantly accelerate adoption rates and hence performance improvement.There appears little doubt that one of the major adverse influences on job satisfaction, work performance, absenteeism, turnover and productivity, is the incidence of stress at work. Stress is a source of tension and frustration that may arise through a number of interrelated influences on behavior, including the individual, group, organizational and environmental factors. In a recent survey into attitudes to work, when a random sample of 1,000 workers was asked to specify the biggest problem at work, the second most common response (after poor pay - 18%) was stress at 17%. This would seem to support the contention that stress is a problem of the nineties.The causes of stress are complex. Stress is also a very personal experience, as is the response of each individual to it and their beliefs about how best to cope with the causes and the effects of stressful situations. Although considered as having a negative impact, a certain amount of stress may be seen as positive and even as a good thing, which helps and promotes a high level of performance. Keeping the balance is the challenging task of management.The five situations that are most commonly considered as stressful are the following:- Responsibility for the work of others - conflicting objectives of groups and organizations, groups and individuals, self and superiors.- Innovative functions - conflicting priorities and different psychological demands between the routine and administrative aspects of the job and the creative side.- Integrative or boundary functions - the stressful role of the coordinator, due to the lack of control over the demand of their resources.- Relationship problems - difficulties with a boss, subordinates or colleges.- Career uncertainty - doubtful future career prospects affect the whole of a person's workThere are a number of techniques by which individuals may bring stress under control. For example, changing your viewpoint; putting you The best way to understand current capability is to conduct a baseline assessment against the maturity model through a process of inspection and structured interviews. Step 2 – Where Do You Want To Be? Not all organisations need to be at Level 5 maturity. The ideal maturity level for an organisation will depend on how important programmes and projects are to their overall performance. If you are a R&D organisation, say developing aerospace technology for governments, then your organisation’s performance is likely to be highly dependent on your programme and project management capability. If you are a retailer by contrast then your organisation’s overall performance is likely to be less dependent on programme and project management capability. The output from Step 1 will help identify some realistic goals. For example, there are 13 KPAs that need to be addressed to get to level 2 maturity. If the initial assessment has shown that 8 of the 13 are ok then a realistic goal would be to change the 5 weak KPAs to strong KPAs within 6 months to consolidate at level 2 before addressing how to get to level 3. With an estimated 90% of organisations operating at Level 1 or Level 2 maturity, setting targets by the quantity of strong KPAs is more inspiring than aiming to be level 2 of 5 in capability. For example “We will be in the top 10% of corporate organisations by achieving a strong capability in 25 Key Process Areas” Step 3 – How Will You Get There Experience has shown that it takes between 3 and 12 months to raise maturity by one level. A recommended approach to improve process capability is to appoint process owners for the KPAs to be addressed. For example you could appoint one person to drive improvement for Business Case Development and Benefits Management KPAs and another person to drive improvement for Requirements Management and Configuration Management KPAs. An improvement roadmap should be produced showing the priority of the KPAs to be addressed and the set of initiatives which will improve them. The improvement roadmap should be used to drive and measure progress. It is important to recognise that if you are changing processes, policies, standards, job descriptions or reporting structures then you will be changing how some people will work. Therefore, as with any initiative that affects people’s current working practices, power or authority, it should be treated as a change initiative. If the change is likely to be significant, it is recommended to establish a change programme to help with the transition. Using change methods such as Six Sigma™ help to structure the roadmap and ensure that the solution sticks. Step 4 – How Will You Know? To increase capability organisations need to collect metrics in order to provide a platform for continuous improvement. Therefore regardless of your baseline maturity it is recommended that the improvement roadmap identifies what metrics should be collected to demonstrate performance improvement. The establishment of Key Performance Indicators (KPIs) will not only enable organisations to determine when they have achieved their goal but can also be used to prove the Business Case for the process improvement journey (i.e. what is your return on the capability investment?). If your KPIs are showing that you have achieved your current maturity goal then you may wish to consider gaining accreditation for that level of maturity (for recognition or for marketing purposes) or wish to repeat the exercise to determine what is required to get to the next level of maturity. Using P3M3 for Benchmarking The first maturity model was developed as a means for the US Government to make better procurement decisions by comparing contractors’ capabilities. P3M3 can be used in the same way. If you tender for government business then procurement professionals give more credence to an independently awarded certificate than a company’s own claims of capability. Procurement professionals also give more weight to an organisational certificate than they do an individual’s certificate (currently organisations submit PRINCE2™ practitioner certificates with their proposal as an indicator of project management capability. With 200,000 PRINCE2™ practitioners worldwide it is difficult for buyers to differentiate between them). Certification against P3M3 is now possible. The OGC’s accreditation partner APM Group Ltd (APMG) have taken the OGC models and established an accreditation process for gauging the maturity level of organisations for their portfolio, programme and project management activities. Depending on the scope of the assessment certificates can be awarded for: Certificates are awarded for the maturity level obtained, although few if any organisations would want a certificate for level 1 maturity. The highest awarded certificate to date (April 2006) is for Level 3 in Project Management. Using P3M3 for Skills Development A recent web search revealed some 300+ separate training modules relating to portfolio, programme and project management. The UK’s National Occupational Standards for Project Management shows some 51 separate competencies for project management. A common dilemma which faces many HR professionals is deciding how to spread a finite training budget across a myriad of competencies. Which ones will yield the greatest impact on performance within this financial year? As part of the accreditation assessment method, APMG mapped the levels of process maturity to levels of people maturity (i.e. the portfolio, programme and project management skills). Using P3M3 and the APMG’s competency map it is now possible to identify a roadmap of training modules that relate to your organisation’s capability (e.g. there’s little point in investing in training related to level 4 KPAs if your organisation is at level 2). Today there are numerous skills assessment tools available for HR teams to benchmark the people in their organisation. A common feature across all such tools is the ability to structure the assessment around a competency framework. Combining skills assessments with organisational assessment means that it is now possible to identify and sequence both the organisational changes and people changes as part of a coherent improvement plan. Using P3M3 for Benefits Management Since P3M3 describes a hierarchy of Key Process Areas (KPAs) that correlate to improved performance, it provides an excellent framework for assessing the impact of improvement projects. For example, if you are considering implementing an enterprise planning tool (such as Primavera) you can use the P3M3 model to assess how the tool contributes to the KPAs that are important to your organisation. Knowing what KPAs you need to target will help you scope which features to buy and/or implement. If you are introducing features that do not improve any of your target KPAs then it should prompt questions as to why those features are being introduced at all. Understanding your current capability against the P3M3 model also enables you to do a ‘before’ and ‘after’ assessment to quantify the impact of introducing such tools. P3M3 can also be used to address the impact of: Benefits A maturity model such as P3M3 provides a framework for identifying and prioritising those changes which will yield the greates impact on your organisation. It helps set expectations as to what is required in what sequence and in what timescale. Benefits from using the P3M3 as a basis for process improvement are:
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