Organizational Project Management Maturity Model Essay Example for Free

Organizational Project Management Maturity Model Essay 1. Introduction Successful implementation of a new organizational strategy can turn a good organization into a great one. Conversely, strategies that fail or generate poor results can quickly damage the organization’s reputation and brand, internally and externally. Effective strategy execution is the responsibility of all levels of management, who must be involved actively and consistently to orchestrate required organizational changes and to manage the portfolio of investments that underpin these change initiatives. The Organizational Project Management Maturity Model is a framework that provides an organization wide view of portfolio management, program management, and project management to support achieving best Practices within each of these domains. This holistic perspective is a powerful tool enabling successful execution of organizational strategies, portfolios, programs, and projects, especially when these transcend functional and hierarchical boundaries. Moreover, OPM3 global best Practices, applied to the execution of strategy, can drive superior and sustainable results. Effective strategy execution is the responsibility of the organization’s strategic planning and governance structures, which must be involved accurately and consistently to orchestrate required organizational changes. They manage the portfolio of investments that underpin these change initiatives. 2. Organizational project management Organizational project management is the systematic management of projects, programs and portfolios in allignment with the achievements of strategic goals. The concept of organizational project management is based on the idea that there is correlation between organization’s capabilities in project management, program management and portfolio management and its effectiveness implementing strategy. Organizational Project Management Project Portfolio Program Strategic Goals * Project – A temporary endeavor undertaken to create a unique product, service or result. * Program – A group of realated projects managed in a coordinated way to obtain benefits and control not available from managing them individually. * Portfolio – Acolloection of projects or programs and other work that are grouped together to facilitate effective management to meet strategic business objectives. 3. OPM3 Model OPM3 is an acronym for the Organizational Project Management Maturity Model, a standard wich is developed under the stewardship of the project management institute. The purpose of this standard is to provide a way for organizations to understand organizational project management and to measure their maturity against a comprehensive and broad based set of organizational project management best practices. OPM3 also helps organizations to increase their organizational project management maturity to plan for improvement. 4.1. Primary physical parts of the standard There are three parts; i. Narrative text – presents the OPM3 foundational concepts, with various appendices and glossary ii. Self assessment – provide a tool in support of the assessment step out lined in OPM3 iii. Directories – contain data on nearly 600 organizational project management best practices and their constituent capabilities 4.2. OPM3 Stages There are four sequential stages of process improvement; STANDARDIZE| MEASURE| CONTROL| CONTINUOUSLY IMPROVEMENT| 4. How does the OPM3 work? OPM3 offers the key to organizational project management maturity with three interlocking elements; i. The KNOWLEDGE element lets organizations uncover hundreds of Best Practices and shows them how to use the information available in OPM3. ii. The self ASSESSMENT element is an interactive database tool that lets organizations evaluate their current situation and identify their areas in need of improvement should an organization decided to embark on the path to higher maturity. iii. The IMPROVEMENT element will help map out the steps needed to achieve their goals. * KNOWLEDGE element which drives Assessment * ASSESSMENT element which in turn drives Improvement * IMPROVEMENT element. 5. Benefits of OPM3 to the organization I. It bridges the gap between strategy and individual project. II. It provides a comprehensive body of knowledge regarding what constitutes best practices in organizational project management. III. By using OPM3, an organization can determine exactly which organizational project management best practices and capabilities it does and does not have. IV. If the organization decides to pursue improvements, OPM3 provides guidance on prioritizing and planning. 6. What kind of commitment is required to launch OPM3 in an organization? The process of applying OPM3 in an organization is difficult to quantify. It depends on factors such as the size, complexity and initial maturity of the organization, the thoroughness of the assessment, the nature of the organization’s strategic objectives, and the level of resources available also impact any estimate. However, the assessment portion of such an initiative is most likely to take from several weeks to several months. Should an organization decide to embark upon improvements, the planning and implementation steps are likely to take longer, depending on how many best practices and related capabilities an organization decides to work on at one time. 7. Importance of OPM3 to the project management profession The Project Manager Competency Development Framework is the standard to guide the professional development of project of project managers and those aspiring to be project managers. OPM3 is the first iteration of a standard for organizations. It has the potential to create a new environment for those who are working in the project management profession, by illuminating the important link between projects and organizational strategy and the importance of organizational support to project management practices. The information in OPM3 is based on very broad based input from project management practitioners and consultants. 8. Summary The current global economic climate has ushered in an era of uncertainty that throws the importance of Organizational Project Management (OPM) maturity into sharp relief. It is critical for organizations to renew their ability to create cost efficiencies, economies of scale and agility to adapt to the changing business environment through projects. Companies need the organizational capability to choose the right projects, manage costs, and innovate. They need the organizational capability to delivery projects successfully, consistently, and predictably. The Project Management Institutes OPM3 Standard was developed with input from thousands of project practitioners and represents best practices in Project, Program, and Portfolio Management. OPM3 incorporates the PMIs PMBOK Guide, the most widely adopted standard for managing individual projects, and expands this into the domains of Program Management and Portfolio Management. OPM3 emphasizes choosing the right projects to advance organizational strategies and implementing the processes, structures, and behaviors necessary to deliver projects successfully, consistently, and predictabl y. Standardization of project work methods lays the foundation for achieving higher levels of maturity and excellence to create the organizational agility and resilience you need in todays marketplace. Leading organizations of all types and sizes across multiple industries are adopting OPM3 to transform their ability to close the gap between strategic intent and tactical outcomes through successful project selection and delivery. The preferred method for implementing OPM3 begins with an OPM3 Assessment by a PMI certified OPM3 Professional. 9. References * Project Management Institute, Inc. (2003). Organizational Project Management Maturity Model (OPM3). Organizational Project Management Maturity Model (OPM3). 1 (1), 1-195. * Project Management Institute, Inc. (2004). An executives guide to OPM3. An executives guide to OPM3. 1 (1), 1-5.

Genetic Engineering, History and Future Essay -- Biology Biological Ar

Altering the Face of Science Science is a creature that continues to evolve at a much higher rate than the beings that gave it birth. The transformation time from tree-shrew, to ape, to human far exceeds the time from analytical engine, to calculator, to computer. But science, in the past, has always remained distant. It has allowed for advances in production, transportation, and even entertainment, but never in history will science be able to so deeply affect our lives as genetic engineering will undoubtedly do. With the birth of this new technology, scientific extremists and anti-technologists have risen in arms to block its budding future. Spreading fear by misinterpretation of facts, they promote their hidden agendas in the halls of the United States congress. Genetic engineering is a safe and powerful tool that will yield unprecedented results, specifically in the field of medicine. It will usher in a world where gene defects, bacterial disease, and even aging are a thing of the past. By understanding gene tic engineering and its history, discovering its possibilities, and answering the moral and safety questions it brings forth, the blanket of fear covering this remarkable technical miracle can be lifted. The first step to understanding genetic engineering, and embracing its possibilities for society, is to obtain a rough knowledge base of its history and method. The basis for altering the evolutionary process is dependent on the understanding of how individuals pass on characteristics to their offspring. Genetics achieved its first foothold on the secrets of nature's evolutionary process when an Austrian monk named Gregor Mendel developed the first "laws of heredity." Using these laws, scientists studied the characteristics of organisms for most of the next one hundred years following Mendel's discovery. These early studies concluded that each organism has two sets of character determinants, or genes (Stableford 16). For instance, in regards to eye color, a child could receive one set of genes from his father that were encoded one blue, and the other brown. The same child could also receive two brown genes from his mother. The conclusion for this inheritance would be the child has a three in four chance of having brown eyes, and a one in three chance of having blue eyes (Stableford 16). Genes are transmitted through chromosomes which res... ...the outside world. It is also thought that if such bacteria were to escape it would act like smallpox or anthrax and ravage the land. However, laboratory-created organisms are not as competitive as pathogens. Davis and Roche sum it up in extremely laymen's terms, "no matter how much Frostbran you dump on a field, it's not going to spread" (70). In fact Frostbran, developed by Steven Lindow at the University of California, Berkeley, was sprayed on a test field in 1987 and was proven by a RAC committee to be completely harmless (Thompson 104). Fear of the unknown has slowed the progress of many scientific discoveries in the past. The thought of man flying or stepping on the moon did not come easy to the average citizens of the world. But the fact remains, they were accepted and are now an everyday occurrence in our lives. Genetic engineering too is in its period of fear and misunderstanding, but like every great discovery in history, it will enjoy its time of realization and come into full use in society. The world is on the brink of the most exciting step into human evolution ever, and through knowledge and exploration, should welcome it and its possibilities with open arms.

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For maxima rule Remote should use option A b. For maximum rule Remote should use option 8 c. For maxima regret Remote should use option A d. For equal probability criterion rule Remote should use option A Chapter 16: Government Regulation of Business 2. When there is a shortage in the industry or firm, it will definitely result in an under allocation of resources. Under allocation can happen without any shortage. For example, if the market is in a monopolistic stage, there is no shortage. The buyers can buy everything they want at a set price.There are various situations where the market can fail due to under allocation of resources that are not caused by shortages. For instance, if the task of minting a building was scheduled to finish at a certain date and there was not enough paint and painters, the manager did not allocate and did not calculate the correct amount of paint needed and did not have enough painters. Thus, a shortage is not a necessary condition for under allocation o f resources. 4. Price gouging seems to occur after natural disasters such as hurricane Strain, Rata, and Sandy.After a disaster, the community is trying to recover from the homes that they have lost and they are trying to get back on their feet. However, many individuals and companies are charging market prices or goods such as gasoline, bottled water and other necessary items at a higher price than the market. According to the FTC price gouging laws are not required, they are counterproductive. For instance, in 2005, after the hurricane Strain and Rata, it caused a shortage in gasoline and it could have possibly triggered an energy emergency (National Center, 2007).If anti- gouging laws are enforced by legislation to lower gas prices than what the market dictates during a supply shortage, FTC said that wholesalers and retailers will run out of gasoline and consumers will be worse off (Stresses, Furthermore, anti-gouging laws end up punishing companies who 2001). Have excess and res erves in advance during a crisis. For instance in the Strain hurricane, one of the lessons learned was to reward companies who have excess of oil and gas at the time when it is greatly needed.

Essay about Athens The Superior Polis Compared to Sparta

Athens was a much more superior polis compared to Sparta because the Athenians invented new ideas and creations that supported the people, such as democracy, the Athenians led the Delian League, and Sparta created the Peloponnesian League after the Athenians created their alliance, and the Athenians changed the ways of their government many times to suit the people, and the Spartans did not. The Athenians created the idea of Democracy which is a widely used form of government today. Solon was credited as the man who created the foundation for Athenian Democracy. He changed the whole game. He threw out the debt of the poor so they would not be slaves anymore, he outlawed the slavery because of debt so that it would never happen again, he†¦show more content†¦It is like the states and counties that the United States of America has. Each tribe chose 50 people and the sub-divisions choose a number of people corresponding to the number of people they had in the sub-division to go into the tribe’s 50 people. The Athenians creating Democracy created a whole new world for today. They wanted to help everyone, so that is why they might have led the Delian League. The Greeks closest to the Persian Empire after the war created the Delian League to protect them from the Persians. The Greeks chose the Athenians to lead them. The Spartans were originally asked to lead them, but the kind was very arrogant, so they retracted their offer. The Spartans then created the Peloponnesian League because they didn’t think the Athenians should lead the Delian League because they were getting too much credit for defeating the Persians in the war. The two leagues didn’t get along at all. This rivalry eventually turned into the Peloponnesian War. This war went on for about 30 years. After the war, the government changed in Athens. The Athenians changed governments many times. They started democracy, they had tyranny, they had aristocracy, they had oligarchy, and they had monarchy. Solon was the one that got rid of the oligarchy. An oligarchy is when a small group of wealthy and high class people rule the government. The Athenians switched aroundShow MoreRelatedAthens vs. Sparta1211 Words   |  5 Pagesï » ¿Athens Vs. Sparta Throughout the ancient world there were two dominating empires. (S) The Athenian City (polis) and the Spartan empire. These two cities were both powerful and famous but significantly different. However, the city of Athens was by far a much more influential and powerful city-state in comparison to Sparta. 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