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FAQ
OPM & OPM3 related questions:
1. What are Maturity Models?2. How can OPM3 help my Organization?
3. What is a PMO?
4. What is Project Portfolio Management (PPM)?
5. What is Organizational Project Management (OPM)?
1. What are Maturity Models?
A maturity model provides a systematic framework for carrying out benchmarking and performance improvement. It will include a series of descriptions of business performance for discrete business elements. The descriptions are ordered into levels of capability from "not able to do it" through to "continuously improving" ...more
2. How can OPM3 help my Organization?
It can provide a way to advance an organization’s strategic goals by applying project management principles and practices. It bridges the gap between an organization’s strategy and its individual projects.
- A comprehensive body of knowledge regarding best practices in organizational project management.
- An understanding of which organizational project management best practices and capabilities an organization has and hasn’t achieved.
- Guidance on improvement priorities and planning. ...more
3. What is a PMO?
The Project Management Office (PMO) in a business or professional enterprise is the department or group that defines and maintains the standards of process, generally related to project management, within the organization. The PMO strives to standardize and introduce economies of repetition in the execution of projects. The PMO is the source of documentation, guidance and metrics on the practice of project management and execution. ...more
4. Project Portfolio Management (PPM)
Project Portfolio Management (PPM) is method for analyzing and collectively managing a group of current or proposed projects based on numerous key characteristics. The fundamental objective of PPM is to determine the optimal mix and sequencing of proposed projects to best achieve the organization's overall goals - typically expressed in terms of hard economic measures, business strategy goals, or technical strategy goals - while honoring constraints imposed by management or external real-world factors. ...more
5. Q5
Organizational Project Management (OPM) is the execution of an organization's strategies through projects. OPM is the combination of Portfolio Management, Program Management, and Project Management. It pertains to the translation of corporate strategy into the projects of an organization through Portfolio Management, and the execution of corporate strategy through Programs and Projects. ...more
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