James S. Pennypacker, editor
©2005, paperback, 96pp., Center for Business Practices
The ultimate goal of the Project Portfolio Management Maturity Model is to help you improve the capability of your organization’s project portfolio management processes. To help you achieve this goal, PM Solutions has built its Project Portfolio Management Maturity Model from the proven framework of its Project Management Maturity Model. The Project Portfolio Management Maturity Model provides best practices to help you:
- determine the maturity of your organization’s project portfolio management processes
- map out a logical path to improve your organization’s processes
- set priorities for short-term process improvement actions
- assess the role of a project office in your project portfolio management processes
- track progress against your project portfolio management improvement plan
- build a culture of project portfolio management excellence across the organization.
By focusing on specific project portfolio management-related improvement processes, your organization can best leverage the resources assigned to improvement activities while rallying the organization around specific goals. A project portfolio management maturity model can be a roadmap showing an organization how it can systematically move to more mature levels of portfolio management performance and do it in more effective and efficient ways. After an objective assessment, your organization can set its goals for increasing the capability of its portfolio management processes as part of an overall project management improvement initiative.
