Organizational project management

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


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