Project Management: A Systems Approach to Planning, Scheduling, and Controlling, Tenth Edition

Modern Developments in Project Management

21.0 INTRODUCTION

PMBOK^® Guide, 4th Edition

PMBOK Chapters 1, 2, and 3 (inclusive)

As more industries accept project management as a way of life, the change in project management practices has taken place at an astounding rate. But what is even more important is the fact that these companies are sharing their accomplishments with other companies during benchmarking activities.

Eight recent interest areas are included in this chapter:

• The project management maturity model (PMMM)
• Developing effective procedural documentation
• Project management methodologies
• Continuous improvement
• Capacity planning
• Competency models
• Managing multiple projects
• End-of-phase review meetings

21.1 THE PROJECT MANAGEMENT MATURITY MODEL (PMMM)

All companies desire excellence in project management. Unfortunately, not all companies recognize that the time frame can be shortened by performing strategic planning for project management. The simple use of project management, even for an extended period of time, does not lead to excellence. Instead, it can result in repetitive mistakes and, what's worse, learning from your own mistakes rather than from the mistakes of others.

Companies such as Motorola, Nortel, Ericsson, and Compaq perform strategic planning for project ...