Professional Practice & Standards Overview

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Questions and Answers

What is the primary focus of the Organizational Project Management Maturity Model (OPM3)?

To develop new project management software tools

To establish a certification program for project managers

To enumerate the level of maturity of projects and practices (correct)

To minimize the number of projects an organization undertakes

Which level of maturity development in OPM3 involves adopting structured processes?

Standardise (correct)

Measure

Control

Continuously improve

How many levels of maturity development does OPM3 classify organizations into?

Four (correct)

Three

Six

Five

What does the 'Measure' stage in OPM3 entail?

Utilizing data to assess process performance Signup and view all the answers

What distinguishes OPM3's maturity model from those like CMMI and P3M3?

OPM3 is specifically aligned with PMBOK methodology Signup and view all the answers

What is the primary focus of maturity assessment in organizations?

To fix weaknesses that may lead to poor performance Signup and view all the answers

Which project management maturity model applies specifically to software development and systems engineering?

Capability Maturity Model Integration (CMMI) Signup and view all the answers

What defines the ‘Quantitatively managed’ level in CMMI?

Processes are measured and controlled Signup and view all the answers

Which of the following is NOT one of the core processes in P3M3®?

Human resource management Signup and view all the answers

In the context of organizational evolution, agility refers to:

The capacity to deal with external forces Signup and view all the answers

Which CMMI maturity level emphasizes process improvement?

Optimizing Signup and view all the answers

What aspect is a key feature of the Organizational Project Management Maturity Model (OPM3)?

It is suitable for any size or location of organization. Signup and view all the answers

Which stage in CMMI represents processes that are unpredictable and poorly controlled?

Initial Signup and view all the answers

What is the primary purpose of a maturity model?

To assess how well an organization performs and its capability for improvement. Signup and view all the answers

Which of the following is NOT a reason to use a maturity model?

To enhance software development methodologies only. Signup and view all the answers

How does benchmarking help organizations when using a maturity model?

It facilitates easy and quick comparisons against similar organizations. Signup and view all the answers

What is meant by 'one size fits all' in the context of maturity models?

A flawed idea that suggests each organization has identical maturity needs. Signup and view all the answers

What is a key feature of project management maturity (PMM) models?

They allow organizations to benchmark against best practices of successful firms. Signup and view all the answers

Which of the following statements about maturity models is true?

They help create a common language for improving practices and performance. Signup and view all the answers

What does it mean for an organization to continually test, expand, and improve in the context of maturity models?

To embrace a culture of ongoing development and adaptation. Signup and view all the answers

What role do maturity models play in developing action plans?

They utilize best practices to identify and address performance gaps. Signup and view all the answers

Study Notes

Professional Practice & Standards (SSUD12-108)

Course code: SSUD12-108
Course title: Professional Practice & Standards
Instructor: Dr Muath Abu Arqoub, PMP®
Institution: Bond University

Management Maturity Model (MMM)

A maturity model is a technique used to assess how well a business or project performs and determines its capability for continuous improvement
Maturity models may analyze qualitative information
Models are designed to determine if firms are maturing, meaning they continuously test, improve and expand.

Why a Maturity Model?

A tool to assess business effectiveness
Provides examples to improve businesses or processes
Aids in better investment decisions

Using a Maturity Model

Benchmarking internal performance: Helps determine the organization's position in its improvement journey to set clear objectives for future investments.
Catalyzing performance improvement: Reflects best practices, enabling action plans to close performance gaps and improve maturity.
Creating a common language: Supports knowledge domains to grow into disciplines, leading to consistent, repeatable, and predictable performance over time.

Project Management Maturity Models (PMM)

PMM models are used to benchmark the best practices of successful project management firms.
Benchmarking: A systematic management tool for process improvement, measuring and comparing an organization's process, product, or service performance with better performers or those using world-class strategies (best practices).

Flaws of a One-Size-Fits-All Approach

Organizations differ and operate in diverse industries at various maturity stages.
What constitutes best practice in one industry may not be appropriate in another.

Evolution of Organizations

Organizations evolve over time, and their capabilities dictate success.
Maturity assessment guides positive improvement and addresses weaknesses leading to poor performance.
Considered as "species" evolving and diversifying in response to external forces and environmental changes.

Project Management Maturity Models (Examples)

Capability Maturity Model Integration (CMMI): A set of practices to improve processes, leading to a performance improvement system for better operations and performance. Applies to software development, systems engineering, and product development, using a single tool to assess maturity, and guides development of sophisticated processes.
- CMMI Maturity Levels:
Initial: Processes are unpredictable, poorly controlled, and reactive.
Managed: Processes are characterized by projects and are often reactive.
Defined: Processes are characterized for the organization and are proactive.
Quantitatively Managed: Processes are measured and controlled.
Optimizing: Focus on process improvement.
Portfolio, Programme, and Project Management Maturity Model (P3M3®): Ranks maturity on a five-stage scale built on seven process-related core processes (organizational governance, management control, benefits management, risk management, financial management, resource management, and stakeholder management).
Organizational Project Management Maturity Model (OPM3): Developed by PMI volunteers (1998-2013), suitable for organizations of any size, location, or practice environment. Aligned with PMBOK methodology.
- OPM3 Processes:
Standardize: Structured processes adopted.
Measure: Data used to evaluate performance.
Control: Control plan developed for measures.
Continuously Improve: Processes optimized.

Class Activity

A research paper "A Management Maturity Model (MMM) for project-based organizational performance assessment" will be explored via group discussions.
This includes reviewing maturity models from organizations like PMI, AXELOS, and IPMA.
Tasks: Compare and contrast these models and identify their strengths and weaknesses.
Prepare slides for a class discussion of the findings.

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Description

Explore the Professional Practice & Standards course taught by Dr. Muath Abu Arqoub at Bond University. This quiz covers the Management Maturity Model as a tool for assessing business performance and guiding continuous improvement. Understand how to leverage maturity models for better investment decisions and organizational growth.

Professional Practice & Standards Overview - Week 7

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