In Level VII, the organization begins to see quantifiable payback in terms of unexpected budget money left over from projects completed earlier than expected. Common characteristics include the following. Project teams are using their delivery knowledge of scope interdependencies between projects to meet or optimize scope requirements. Everyone understands his or her workload and how it relates to project priorities. Strategic resources are no longer causing project delays. Team-based performance process has been implemented. All resources look for acceleration opportunities and threats in project work assignments. Resource utilization rates are improving and are in alignment with the portfolios. Bad multitasking is visibly reduced. Portfolios are integrated to allow changes in one project or resource area to be proactively addressed when they impact other projects, resources, assets, and strategic objectives. Metrics, procedures, and training are used to raise visibility of delivery acceleration opportunities and to decrease delivery threats. The Governance Board is taking a global view of all portfolio costs and opportunities. The Governance Board is balancing the portfolios by investing more in marketing and strategic assets. The supply side business leaders are becoming more aligned within their skill set and less directive in project selection. Business side leaders are taking more responsibility for project delivery speed and work within the Governance Board to communicate opportunity and threats. Vendors are integrated into project planning process and use the same procedures and methodology. Project selection is a formal process performed at speed. This process is adhered to and respected by all functional leaders and has become a "way of life". The Governance Board demands and supports project management methodology from all functional areas.
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What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.