Organizations continue to grow in scope and goals — taking on ever more complicated projects — but they have not necessarily made the same advancement in their project management practices. Research shows project failure rates have actually increased. Even more disconcerting, failure rates increase with the size of the project.
A staggering 39% of project with budgets over US $10 million failed.*
*The Standish Group, “CHAOS 2007 REX: A Standish Group Research Exchange.” 2007.
Organizational Project Management Maturity Model —
OPM3®
is the global best-practice standard for enterprise improvement. Developed under PMI’s stewardship,
OPM3 provides a way for organizations to understand their project management processes and measure their capabilities in preparation for improvement.
OPM3 offers the key to organizational project management with three interlocking elements:
• Knowledge - Learn about hundreds of project management best practices
• Assessment - Evaluate your current project management capabilities and identify areas in need of improvement.
• Improvement - Use your completed assessment to map out the steps needed to achieve your improvement goals.
Learn more about OPM3 product assessment options.