OPM3 (PMI)

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What is OPM3?

OPM3 is an abbreviation of "Organizational Project Management Maturity Model". Using OPM3, organizations can assess their level of maturity. They do this by analyzing the existence in their organizations of about 600 best practices, built up from defined capabilities. OPM3 relates to 4 levels of maturity, for its 3 domains:

1. Projects.
2. Programs.
3. Portfolios.

After gaining knowledge of what constitutes best practices in organizational project management, an assessment can be performed of the current maturity level of organizational project management. Following this, a directory of best practices and defined capabilities is used to define a path for improvement.
 

Origin of OPM3. History

OPM3 was developed by the Project Management Institute (PMI), which recognized the need for a standard that assist organizations to improve their capabilities to implement their strategies through the execution of (multiple) projects. Besides "A Guide to Project Management Body of Knowledge" (PMBOK) which focuses on managing single projects.
After 5 years of development by over 800 project managers from more than 30 countries, the first edition of OPM3 was released in December 2003.

OPM3 Elements

The model encompasses 3 elements:

• Knowledge,
• Assessment, and
• Improvement.

Usage of OPM3. Applications

OPM3 is a scalable and generic model, it is applicable to profit and non-profit organizations of different sizes, industries and geographical locations. Organizations may also be divisions, business units, departments etc.
 

Steps in OPM3. Process

1. Gaining knowledge of what constitutes best practices in organizational project management.
2. Assessment of the current maturity level of project management in the organization.
3. Identify a path for continuous improvement, based on the knowledge of best practices and the current maturity level of project management in the organization.

Strengths of OPM3. Benefits

OPM3 is the first model of its sort, that describes best practices for project management, program management and portfolio management in a maturity model. It is aligned with the PMBOK, a global accepted standard for Project Management.
 

Assumptions of OPM3. Conditions

OPM3 focuses on the clear correlation between the capabilities of an organization to manage projects, programs and portfolios and its effectiveness in implementing strategy.
 

Book: Project Management Institute - Organizational Project Management Maturity Model (OPM3)

Forum Forum discussions about OPM3. 🔥 What are Strategic Initiatives? Strategic initiatives are programs which start or accelerate beneficial change in the organization, enhancing the transformation of vision into results. They require an array of leadership and managem... 3   How to become OPM3 Certified I have gone through with details about OPM3, but I am confused. Kindly support me in this, I am already PMP and willing to acheive OPM3. As per my understanding I would have to travel to the States to... 2   1 comments Start a new topic about OPM3 Sign up for free

Courses about OPM3. Beginners Course Advanced Course Course for Experts

Expert Tips Advanced insights about OPM3. Here you will find professional advices by experts. Consultancy Tips Teaching Tips Practical Implementation Tips Practical List of Points to Improve your Project Management Maturity Hints and Tips to PM Capabilities of an Organization Dr. Harold Kerzner, one of the project management gurus of our time, offers in his book "Project Management - A Systems ... The Commonalities and Differences Between PMBOK and OPM3 PMBOK, OPM3, Project Management, Maturity The Project Management Body of Knowledge (PMBOK): defines a common lexicon for the project manager and team members prac... How to Improve your Project Management Organization? OPM3 Level, Project Management Maturity There are 3 basic steps in the model of OPM3, each with some more detailed steps: 1. Prepare for Assessement by unders... How to Avoid Running Too Much Projects at the Same Time? Project Portfolio Management - Project Portfolio Analysis A major pitfall of project-oriented organizations is running more projects at the same time than their capacity to actua... Understanding Project Management Maturity Project Management, PMMM The Project Management Maturity Model (PMMM), which was developed by PM Solutions and published in book form by Marcel D... The Importance of Self-awareness for Project Managers Professional Development, Personal Development, Project Management, Ethics, Beliefs, Values, Emotional Intelligence Self-awareness is how an individual consciously knows and understands their own character, feelings, motives, and desire... Categorizing Project Management Capabilities and Best Practices Improvement of Organization Capabilities are categorized by the following 5 Process Groups: 1. Initiating 2. Planning 3. Executing 4. Contro... Using OPM3 Best Practices, Capabilities, Outcomes and KPIs OPM3 Level, Project Management Maturity The OPM3 Standard has the following 4 components: 1. Best Practice. A Best Practice is an optimal way to achieve an ob...

Information Sources Various sources of information regarding OPM3. Here you will find powerpoints, videos, news, etc. to use in your own lectures and workshops. OPM3 Overview Presentation Project Management, OPM3 Good presentation explaining OPM3 by Kevin Chui. Topics: - PMI - Common Concerns in IT Projects - Key Objectives of ... Introduction Into the Steps of OPM 3 Project Management, OPM, OPM3 Introduction into (the steps of) OPM 3 This presentation shows how OPM3 acts as a bridge from vision, organizational st... Three-sphere Model for (IT) Project Management Project Management, OPM, OPM3, PRINCE2 An important model in project management is the so-called Three-sphere model, which aims to help organizations to organi... Project Management of Information Technology Projects Project Management, Information Technology, Three Sphere Model This presentation provides information about project management, thereby especially focusing on a context of information... Introduction to Project Quality Management Quality Management, Project Quality Planning, Project Quality Assurance, Project Quality Control Presentation about Project Quality Management. A large part of the presentation is about Six Sigma as a quality manageme... Introduction to Project Risk Management Understanding the Importance of Project Risk Management Project Management is Risk Management. From maintaining the customer relationship to protecting the critical path. The c... OPM3 Diagram Project Management Maturity Download and edit this 12manage PowerPoint graphic for limited personal, educational and business use. Republishing in ...

Tools Useful tools regarding OPM3. News Videos Presentations   Books Academic More

Compare with OPM3: PMMM  |  CMM  |  PMBOK   |  MSP  |  P-CMM  |  PRINCE2  |  IPMA Competence Baseline (ICB)

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