Organizational project management

Organizational project management (OPM) is the execution of an organization's strategies through projects. OPM is the combination of portfolio management, program management, and project management. It pertains to the translation of corporate strategy into the projects of an organization through portfolio management, and the execution of corporate strategy through programs and projects.

Contents

Definition

According to PMI (2003)

Organizational project management is the systematic management of projects, programs, and portfolios in alignment with the achievement of strategic goals. The concept of organizational project management is based on the idea that there is a correlation between an organization's capabilities in project management, program management, and portfolio management, and the organization's effectiveness in implementing strategy.

This definition has been expanded by PMI's OPM CoP (Organizational Project Management Community of Practice) OPM CoP (2009) to emphasize OPM's focus on the integration of project, program, and portfolio disciplines with general management infrastructure of organizations:

OPM is the systematic management of projects, programs and portfolios and their integration with management infrastructure of an organization for achieving operational objectives and strategic goals. OPM provides process bindings among diverse units of an organization to ensure that management of projectized activities is orchestrated with and aligned to desired business outcomes.

Importance of organizational project management

As businesses change at a faster rate, it is becoming increasingly important to execute on projects.[1] Additionally, due to the broad nature of much of the change, projects are affecting larger parts of the organization. Therefore, just as the need to perform projects is increasing, the complexity in executing them is also increasing. Organizational project management draws from the broad base of project management and organizational design applications to understand the organizational processes that affect the ability to manage the delivery of projects.

PMI Inc. has established OPM3, to help organizations assess and improve the maturity of their organizational project management.

See also

Organizational Project Management Maturity Model OPM3
Program management
Project Management Institute
Project management
Portfolio management
Systems thinking

References

PMI (2003). Organizational Project Management Maturity Model: Knowledge Foundation. Project Management Institute: Newton, PA USA


Wikimedia Foundation. 2010.

Look at other dictionaries:

  • Organizational Project Management — addresses the factors involved in successfully delivering projects within an organization. Project management addresses the factors involved in initiating, planning, executing, controlling, and closing individual projects. But, projects occur… …   Wikipedia

  • Organizational Project Management Maturity Model (OPM3) — Organizational Project Management Maturity Model ( OPM3® ) [http://opmexperts.com/OPM3ExecGuide.pdf] is one of many project management maturity models, but is the only one developed with the input of thousands of professionals across 35 countries …   Wikipedia

  • Project Management Institute — Saltar a navegación, búsqueda PMI Tipo Asociación profesional País Estados Unidos de América Año de fundación 1969 Sede Newtown Square, Pennsylvania …   Wikipedia Español

  • Project Management Institute — The Project Management Institute (PMI) is a global member association and advocacy organization for the project management profession. PMI is the leading membership association for the project management profession.… …   Wikipedia

  • Project management office — The Project Management Office (PMO) in a business or professional enterprise is the department or group that defines and maintains the standards of process, generally related to project management, within the organization. The PMO strives to… …   Wikipedia

  • Enterprise Project Management — (EPM), in broad terms, is the field of organizational development that supports organizations in managing integrally and adapting themselves to the changes of a transformation. In recent years, with general adoption of (IT) governance practices,… …   Wikipedia

  • Work (project management) — Work in project management is the amount of effort applied to produce a deliverable or to accomplish a task (a terminal element).This should not confused with duration. Bonuses for working Analysis of Work Organizational work may be analyzed into …   Wikipedia

  • Management consulting — indicates both the industry and practice of helping organizations improve their performance primarily through the analysis of existing organizational problems and development of plans for improvement. Organizations hire the services of management …   Wikipedia

  • Management — in all business and organizational activities is the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively. Management comprises planning, organizing, staffing, leading or… …   Wikipedia

  • Project portfolio management — (PPM) is a term used by project managers and project management (PM) organizations to describe methods for analyzing and collectively managing a group of current or proposed projects based on numerous key characteristics. The fundamental… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.