What is project maturity and why does it matter?

Chrysalis in varying stages of development to show project management maturity

 

 

Project management maturity refers to how well-equipped an organisation is to manage its projects and helps define the tools and techniques needed for project success. Businesses and other institutions progress over time, slowly developing an organisation-wide approach to project management.  

 

 

Within organisations of all shapes and sizes, public and private,  there is growing momentum to adopt a project management approach to deliver.  Whether that be software, service re-design and transformation, capital infrastructure projects or even programme roll-outs, project management is becoming the go-to method of successful delivery.

 

It’s not one size fits all

 

It is often useful to not only look at how to make project management easier but also determine the level of complexity that is right for your organisation.

When it comes to project management, ease of implementation is vital to success. A complicated project is not always better, and one that is easy to implement often starts quickly and meets all its objectives.   It is not quite that simple, however. Ease of implementation often intertwines with project maturity. Organisations at different levels of project maturity thrive when they use techniques and tools appropriate to their specific level.

 

The right tools make a difference

 

Increasing project management maturity leads to the development of widely accepted and replicable methodology, strategy and decision-making processes. You might assume that the way to implement successful project management is to reach a high level of project maturity as quickly as possible, but this is unrealistic. As the name suggests, project maturity is something that tends to happen organically over time, and it cannot, for example, force itself on a new start-up with a skeleton staff and few processes in place.

 

Ease of implementation is not about fast-tracking project maturity but about choosing the right tools for your organisation’s current level. An organisation in the early stages of project maturity may need to keep things simple. The appropriate project management software will involve systems that are easy to implement and quick to use, giving you the ability to share files and report visually to other team members and stakeholders. A more mature organisation may well need more complex systems that are able to manage not only its projects and programmes but also its resourcing, finances, planning and forecasting.

 

Grow into it

 

Organisations can benefit from figuring out their current level of maturity based on the Project Management Maturity Matrix. While at first glance this seems a little mind-boggling, it identifies four levels of project management maturity. At level one, the success of the project relies almost solely on the efforts of the project manager and team members. As maturity increases, project management becomes all about methods and systems as the organisation learns to replicate the methodology of earlier successful projects.

While increasing project maturity is desirable, the success of any project rests on using the right tools for the current level of maturity. At level one, a team can complete a project well as long as it has a way to communicate, share data and give feedback. At higher levels, an entire host of different functions contribute to a successful project.

 

Verto is a versatile and powerful project management tool that has the ability to start small, simple and easy to use but also possesses powerful capabilities to meet the needs of the expert project team.  To find out more contact us for a demo or sign up for a 30 day free trial.