Project Portfolio Management Maturity Model
Project Portfolio Management Maturity Model
Project Portfolio Management Maturity Model
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CHAPTER 2Summary Description of<strong>Maturity</strong> LevelsTHE PM Solutions’ <strong>Project</strong> <strong>Portfolio</strong> <strong>Management</strong> <strong>Maturity</strong><strong>Model</strong> features a staged representation of practices andprocesses that progress through a proven path of five successivelevels, each serving as a foundation for the next.Level 1: Initial ProcessAlthough there is a recognition that there are project portfoliomanagement processes, there are no established practicesor standards, and individual project managers are not heldto specific accountability by any process standards. Documentationis loose and ad hoc. <strong>Project</strong>s are funded despiteabsence of critical information that demonstrates expectedand achieved improvements in program, business, or missionperformance.Level 2: Structured Process and Standards<strong>Project</strong> portfolio management processes exist in the organization,but they are not considered an organizational standard.Documentation exists on these basic processes. Man-35