Project Portfolio Management Maturity Model

SUMMARY DESCRIPTION OF MATURITY LEVELSment to maintain/balance the portfolio. Project portfolioinformation is integrated with other corporate systems tooptimize business decisions. Senior management clearlyunderstands its role in the project portfolio managementprocess and executes it well, managing at the right level, andclearly differentiating management styles and project portfoliomanagement requirements for different sizes/complexitiesof projects and project portfolios. Project portfolio managementprocesses, standards, and supporting systems areintegrated with other corporate processes and systems.Level 5: Optimizing ProcessProcesses are in place and actively used to improve projectportfolio management activities. Lessons learned are regularlyexamined and used to improve project portfolio managementprocesses, standards, and documentation. Managementand the organization are focused not only on effectivelymanaging project portfolios but also on continuousimprovement. The metrics collected during execution areused not only to understand the performance of projects andproject portfolios but also for improving management decision-makingcapability for the future.37