Project Management Maturity Part 1: Increase Project Success by Maturing Your Project Management Discipline

Achieving a strategic level of project management maturity should be on the mind of every project-based business, especially professional services firms. Proposals, budgets, resources, estimate-at-complete (EAC) are activities a project-based business can’t live without.  In a perfect world, the project management activities will connect directly to time and financial systems. The integrated system (people, processes, and tools) will provide a level of visibility and control that will help mature your discipline and will improve execution success.  

 

Project Management Maturity = Project Success and Predictability

 

Evolving the Project Management Discipline

Since project management depends on the strategic alignment of people, processes and tools it only makes sense to concentrate on the level of competency of each of these attributes throughout your capability evolution. Professional services organizations are all on different journeys as it pertains to capability evolution. Which one of the below levels accurately depicts your current maturity status?

project management maturity 5 levels.JPGproject management maturity 5 levels details.JPG

 

By committing to mature your project management discipline you will realize the following benefits:

  • Improved visibility and control into project performance
  • Improved predictability and understanding of overall performance
  • Increase in realized profitability
  • Common organizational standards ensuring consistent reporting, reduction of rework, and reduced dependence on heroes.
  • Optimization of the project management staff allowing them to focus on their customer, not on turning the crank.
  • More efficient communication within project teams and to senior leadership.
  • Delivery of real-time insight on project financials and enable resolution of identified risks.
  • More on-time and on-budget projects, which equals a delighted customer.

 

Achieve Project Management Maturity With Unanet!

With real-time project data, visibility, and resource management all in one single source of truth, Unanet’s project management software makes it easy to achieve project management maturity. Having one integrated system gives you the control and foresight you need to improve project success.

To learn more, download our white paper “Benefits of Maturing Your Project Management Discipline” or view our “Introduction to Earned Value Management: How to Get Started” webinar. 

Want to keep reading? Check out part 2 of our project management maturity blog series: "What is PPM?"

Kim Koster

Kim Koster

Kim is currently the Vice President of Product Marketing for Unanet. She concentrates on thought leadership and market positioning specifically in the areas of project management, accounting and government contracting.  She started her career working for Raytheon where she held multiple management positions such as the Javelin Joint Venture Controller and Product Line Business Manager. Her love of project management developed in the early years of her career and today still enjoys talking about it and providing direction on best practices. After 17 years at Raytheon she joined ATK where she held the positions of Director of Business Systems, EVM Focal Point, and Finance Director.  Over the years Kim led multiple large ERP system implementations. She has been a mentor for her organizations and has provided guidance to many project and executive teams. Kim holds a BBA in Finance from the University of North Texas.

Being able to see where we are on projects REAL TIME instead of waiting for Monday processing has made it much easier to let clients know exactly where we are with their projects. Unanet has set a higher standard for project reporting and there is more to come!. - Jenny Clark director, solvability

 

"I love Unanet! It is great that you can run a report and easily see who is available, what projects a person is assigned to, and how many hours people are charging."- Michelle Graffin Controller, Orbital Technologies
"With Unanet we reduced invoice processing time by 65%. All invoices are now delivered with 48 hours of period end." - Keith Mortier CEO, LunarLine
An invoice that used to take 1 person 2-3 days that is now complete in 30 minutes, and a report that used to take 2 hours that is now produced in 2 minutes! - TJ Guarino, Tessada

 

"We selected the Unanet PSA product suite because it works, is simple to administer, and has rich functionality."- Brian MacDonald Director of Information Systems L-3 Communications Corporation