This is a brief presentation about applying OPM3 to enhance business value in organizations . It includes the following topics .
What is OPM3 ?
Business Value
OPM3 - the tool
Applications
What Next ?
Presenter : Raju Rao, PMP,SCPM,PMI Certified OPM3 Professional
Date of Presentation : Nov 2009
7. 7
ORGPM PROCESSES
I P
C E
Cl
….. These process groups are
applicable in each domain
Project
Program
Portfolio
Initiating .. Planning.. Executing..
Controlling .. Closing
9. Three Management Domains:
• Project
• Program
• Portfolio
Five Process Groups
(I, P, E, C, C)
Organizational Enablers
The Areas of OPM are -
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10. TERMINOLOGY
10
Best Practice Optimal way currently recognized by industry to
achieve a stated goal or objective
Capability Specific competency that must exist
Outcome
KPI
Demonstration of existence of a capability
…. Key Performance Indicator -
Criterion or degree of existence of an
outcome
11. WHAT IS A BEST PRACTICE ?
Optimal way currently recognized by industry to
achieve a stated goal or objective
Best practices exist in all fields
For Organizational Project Management BPs
includes the ability to deliver projects
successfully, consistently, and predictably
to implement organizational strategies
Best Practices can change over time and are
dynamic
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12. BEST PRACTICES - EXAMPLES
Use Team work - Cross functional teams carry
out project activities
Prioritize Projects - A project prioritization
process is used to directly link projects to the
organization’s goals
Establish Risk Management - The organization
utilizes risk management techniques to take
measurements and assess the impact of risk
during execution
Capture and share Lessons learned – The
organization collects and share lessons learned
from projects, programs and portfolios 12
13. CAPABILITIES AND BPS
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…….Stepping stones
to reach a goal
BP 1410Manage Project Resource Pool
Cap 1410. 50
Capability – Competency that exists to
implement PM processes
Cap 1410.20Cap 1410. 40
Cap 1410. 30
Cap 1410. 20Cap 1410.10
16. OPM3 … LIKE A MAP
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Example
Travelling to SFO
Route 1 Chennai –
Singapore – HK – SFO
Route 2 Chennai –
Frankfurt – New York –
SFO
Which route you will take depends on
cost , time , availability , convenience
OPM3 … info on possible routes but not on cost / benefits
What ‘route’ to take will be decided by user
21. Knowledge Foundation - Book
Organizational Project Management
How to use the model
List of Best Practices
Self Assessment Questions
Online Data Base
http://opm3online.pmi.org
Best Practices and Capabilities
Dependencies
Benchmarking facility
OPM3 - KNOW FDN & ONLINE DATABASE
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22. 22
SELF - ASSESSMENT
Use Self Assessment Model and Tool … involves answering
questions . The Tool provides answers in graphical form
33%
Organization’s relative Maturity
Program
Portfolio
Project
Spider graph as PPP
also in terms of
SMCI and IPECC
Project 60
Program 10
Portfolio 5
23. Assessment Tool
Manage OPM3 assessment process
Evaluate organizational status
Report organizational maturity
Establishes database for improvement
Improvement Tool
Manage OPM3 improvement process
Analyze organizational maturity
Guide improvement planning
Link maturity plan to business objectives
OPM3 PRODUCT SUITE
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25. 1) Does your org follow project mgt processes -
based on PMBOK or equivalent standard ……
as a documented process ?
2) Is the process communicated to all necessary
stakeholders ?
3) Is it consistently implemented and across the
organization in terms of its outputs ?
If all 3 questions are answered completely ‘yes’
… you have a Standardized process ….
You still have to Measure , Control and Improve
…
EXAMPLE 1 USING PMBOK / EQUIVALENT
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26. Applies to large enterprises organizations with
many divisions ,departments which are multi-
locational in different geographies
Using OPM3 Product suite we can assess and
devise improvement plans to compare best
practices and capabilities of each division
/department
Domains - PPP
Knowledge area - Scope ,Time Cost
Business results …project predictability , resource
optimization and Balanced Score card factors
EXAMPLE 2 - BEST PRACTICE ACROSS ORG
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27. What are driving factors for sales ?
Lower product or operation cost
New market sales
Better product or process quality
…… and many others ….
What solutions are recommended to make the
above happen ? These become initiatives or
projects
These projects can be assessed in terms of PPP
, gap analysis done and an implementation plan
can be suggested
EXAMPLE 3- MARKET GROWTH OR SALES
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29. Use OPM principles e.g are you following
portfolio management ?
Connect ….expected business results
to …improvement projects
Use OPM3 Tools for obtaining business value
Do a PILOT business process improvement
project using OPM3.
HOW CAN YOU DO NEXT ?
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