Organizational Project Management - 1193 Words

Contents Acknowledgement 1 1. Introduction 3 2. Organizational project management 4 3. OPM3 Model 5 3.1. Primary physical parts of the standard 5 3.2. OPM3 Stages 6 4. How does the OPM3 work? 7 5. Benefits of OPM3 to the organization 8 6. What kind of commitment is required to launch OPM3 in an organization? 8 7. Importance of OPM3 to the project management profession 9 8. Summary 10 9. References 11 1. Introduction Successful implementation of a new organizational strategy can turn a good organization into a great one. Conversely, strategies that fail or generate poor results can quickly damage the organization’s reputation and brand, internally and externally. Effective strategy execution is the†¦show more content†¦ii. The self ASSESSMENT element is an interactive database tool that lets organizations evaluate their current situation and identify their areas in need of improvement should an organization decided to embark on the path to higher maturity. iii. The IMPROVEMENT element will help map out the steps needed to achieve their goals. * KNOWLEDGE element which drives Assessment * ASSESSMENT element which in turn drives Improvement * IMPROVEMENT element. 5. Benefits of OPM3 to the organization I. It bridges the gap between strategy and individual project. II. It provides a comprehensive body of knowledge regarding what constitutes best practices in organizational project management. III. By using OPM3, an organization can determine exactly which organizational project management best practices and capabilities it does and does not have. IV. If the organization decides to pursue improvements, OPM3 provides guidance on prioritizing and planning. 6. What kind of commitment is required to launch OPM3 in an organization? The process of applying OPM3 in an organization is difficult to quantify. It depends on factors such as the size, complexity and initial maturity of the organization, the thoroughness of the assessment, the nature of the organization’s strategic objectives, and the level of resources available also impact any estimate.Show MoreRelatedProject Management : Management And Organizational Issues767 Words   |  4 PagesProjects doesn’t work in isolation, rather they operate in an organization environment, therefore, project managers need to take a system or holistic approach in order to solve complex problems when they are working on projects integrating business and organizational issues into their planning (Schwalbe, 2014). 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