Assessing Project Management Maturity

TLDR

The study aimed to assess the financial and organizational impacts of project management. The authors developed a 148‑question maturity model covering eight knowledge areas and six project phases, then benchmarked it across 38 companies in four industries. The methodology yielded comparative insights into project‑management practices and offered tools for organizations to pinpoint improvement opportunities.

Abstract

The principal goal of this study was to determine the financial and organizational impacts of project management. This study began with the development of a project management maturity model and an analysis methodology to assess the maturity of project management processes. The project management maturity analysis methodology consists of 148 multiple-choice questions that measure project management maturity, and cover 8 knowledge areas and 6 project phases. The maturity model and methodology were then applied by benchmarking 38 different companies and government agencies in 4 different industries. This assessment methodology provides solid and comparative studies on project management practices across industries and companies within an industry. It also provides a set of tools for organizations to use in identifying key areas of opportunity for improvement in project management.