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Must demonstrate the understanding of new learning in the field of project management and how it relates to the Project Management Maturity Model - Research Paper Example

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The advancements that have been witnessed in the business environment have created a significant role for project management and this explains the development of new approaches for to enhance its application. In the recent past, a number of businesses have continued to adopt…
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Must demonstrate the understanding of new learning in the field of project management and how it relates to the Project Management Maturity Model
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Extract of sample "Must demonstrate the understanding of new learning in the field of project management and how it relates to the Project Management Maturity Model"

Download file to see previous pages Maturity model is a tool that enables businesses to measure the ability of an organization to maturely manage different projects. It thus identifies the level of maturity and the avenues within the business within improvement before a roadmap is developed. In this roadmap, different steps are outlined that enable the business to manage its projects within the maturity model and achieve its long and short-term goals (Brown, 2008).
The adoption of the maturity model by businesses increases the potential for success and the attainment of the strategic goals within the time set out in the organization’s missions and goals. Through the adoption of the maturity model, an organization increases its ability to continuously improve and develop strategic approaches, which are essential to the success of an organization. Though applied to project management, maturity model was developed under the aegis of quality management and assurance in an organization (Caron, Ruggeri & Merli, 2013).
As a result, it was used in the processes of improving the quality of goods and services produced by a given organization, a process that is critical in the success of the same. By adopting the maturity model, an organization links its processes to the continuous improvement goals through a process that involves the understanding of the strengths and weaknesses of the same. As a result, avenues that can be improved through change can be identified through the adoption of the maturity model and this increases the success possibility of an organization (Brown, 2008).
Within different organisations, there is an increasing need for the development of processes that capable of managing the variability has and obtain the desired results within the time set. Working towards achieving goals within the set budget and time constraint has remained the basic component of any project management plan. As a result, the maturity model has enhanced the management of projects especially within the ...Download file to see next pagesRead More
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