Project management maturity

What is project management maturity? Why is project management maturity

Project management maturity measures the
capability growth an organisation needs to
experience to successfully deliver their business
through a portfolio of projects. There are five levels
of maturity: from ad-hoc through to adaptive.
A project management maturity assessment
framework provides the impetus and pathway for
an organisation to progress through these levels
and ultimately achieve responsive, innovative and
highly successful project management capability.
Levels of project management maturity
important?
Organisations are experiencing exponential growth
in capital delivery programs and must grow their
project management capability to meet this
challenge.
The project management maturity framework
allows an organisation to compare its project
delivery with best practice, identify strengths and
weaknesses, and define a structured route to
improvement.

• No formal project management processes or tools

1 Ad-hoc • No formal systems to report progress or capture lessons
• As a result, cost and schedule overruns and poor quality
• Some project management processes and tools
2 Planned • Scope, schedule and budget planned using tools
• Better achievement of objectives for time, cost and quality
• Common processes across lifecycle and organisation systems PMO
established
3 Managed
• Progress and risks reported and managed actively
• Consistent approach leading to greater capability and project results
• Projects and programs aligned with corporate strategic goals
4 Integrated • Interdependencies are monitored and controlled
• Achievement of business objectives through project success
• Integrating industry best practice into processes and tools
5 Adaptive • High levels of project success and customer satisfaction
• Continuous improvement drives innovation and best practice
What are the benefits of project
management maturity?
Project management maturity enables
organisations to:
• successfully deliver infrastructure portfolios of
increasing size and complexity
• establish a consistent project management
approach that supports training and enables
resources to move easily between projects
• build capability to effectively manage growth
and challenges
• manage risks to delivery in an increasingly
complex and demanding infrastructure
environment
• measure and benchmark performance to inform
decision-making and achieve target outcomes
• continually improve based on past experience
and lessons learned.
How can PB help improve your project
management maturity?
Assessing your project management maturity will
help you:
• benchmark current performance against other
organisations
• carry out project health checks to identify good
practice and immediate issues to be managed
• set organisation-specific maturity goals and
priorities
• develop a structured plan for improvements
across the key portfolio management framework
elements: corporate governance, portfolio
strategy, project governance, people, systems,
methodology and continual improvement
• engage staff to provide an impetus for
organisational change.
For more information, please call +61 (02) 9272 5093
We can help you improve your project management
maturity by developing:
• a whole of organisation corporate reporting
framework to measure performance,
inform decisions, meet statutory reporting
requirements
• a program management office to help monitor
and control progress and support project teams
• a portfolio view to map the interdependencies
across your projects
• a consistent project management approach that
reflects industry best practice and is targeted to
your needs
• workforce planning to ensure you have the right
people, with the right skills at the right time to
meet your project requirements.
PB – your trusted advisor
PB’s Strategic Consulting group provides
management consulting services to owners,
operators, developers and regulators of
infrastructure projects in the Australia-Pacific region
and throughout the world. Our relationship with our
clients lies at the very heart of our approach, and
we are committed to helping our clients succeed in
an increasingly competitive environment.
Our group includes professionals with expertise
in corporate strategy, program management,
utility regulation, and economic forecasting and
analysis. PB has over 100 years experience in
delivering major multidisciplinary infrastructure
projects across the world, with capability
across engineering, planning and environmental
disciplines.
With our depth of knowledge, resources and
experience, coupled with our mix of practical,
commercial, people, technical and financial
expertise, we can deliver unique solutions to
drive your business forward.