Category: Business Essay

The term project management refers to the process of controlling, organizing, planning, and supervising of the project tasks by a project manager to ensure the success of any given operation. No project can be undertaken without proper planning. It is, therefore, the role of a project manager to plan and organize the future course of actions, which would involve making arrangements, providing staffing, directing and monitoring. Essentially, a project manager ensures that duties are shared among the project team members in order to enable completion of the plan within the required time schedule. The aim of the paper is to analyze the project management maturity model and its impact on the success of a project.

To start with, the Project Management Maturity Model (PMMM) denotes the basic stages that a business can go through to achieve quality in project management. According to it, a particular level of an organization’s project management maturity can be reached through organizational efficiency, beneficial performance, and consumer satisfaction. For any organization to assess its project management maturity, it has to evaluate the knowledge of project management performance, which can be accomplished with the help of a project maturity model.

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The primary aim of such a model is to establish the weaknesses and the strengths of any given project for the purpose of seeing the business opportunities within. It can, therefore, ascertain if a particular scheme succeeds or fails in generating consistent and justifiable outcomes. Project maturity model enables an organization to evaluate the maturity level and suggests any changes for improvement. Moreover, it also helps an organization to make any necessary recommendations and comparisons to other groups. In other words, the company itself can make self-assessment in terms of improvements. Project management maturity shows the progressive procedure that allows organizations to make constant improvements during the project course. It is a continuous process of monitoring the progress of a project until its completion that may be set, depending on the needs of the business, to the extent of particular degrees of maturity.

To be precise, the Project Management Maturity Model has five levels in determining the success of projects. The first level is the common language level: it involves providing training in project management and employment of project management experts. It encourages the utilization of a corresponding language in projects and enables the use of various project control apparatuses, patterns and forms. Accordingly, the second level is a set of standard processes, which involves increasing the funding for project management all over the organization. To ensure sustainability, it also requires the acknowledgment of the long term profits of project management and using the best possible strategy for future operations.

The third singular methodology level employs all methods into a collectively recognized project management approach. What is more, it also promotes a sense of collective accountability for the principles of project management. The fourth level is benchmarking, as it is essential for any project to reach a higher level of project management maturity through understanding the benefits of benchmarking. The last level is the continuous improvement: through assessing the lesson learned after the benchmarking process. It is thus important for an organization to conduct successive projects on the basis of the lessons learned from antecedents. Thus, an organization can apply the project management maturity model to increase their productivity by means of making changes and necessary improvements in future projects. Aforementioned can be ensured through the continuous improvement and training of competent staff, provided businesses constantly monitor the schedule and budget for effective project control. Some may say, it can be done through the feasibility study, defining scope and objectives of the projects. It is, therefore, the role of a project manager to guarantee that the project team is meeting the objectives and goals of the project in a proper manner, by monitoring the activities of the team and acting in agreement with the stakeholders’ and donors’ guidance.

Organization’s productivity can be increased through proper planning, the achievement of all tasks and overcoming milestones. Therefore, it is necessary for a project manager to implement project management strategy, which involves controlling tasks in a project. In detail, it involves choosing the goal and objectives, planning for the operational work in accordance with the schedule, sharing the tasks and distributing funds. Thus, the operation manager should work towards executing proper project management.