Organizational project management
Organizational project management (OPM) is the execution of an organization's strategies through projects. OPM is the combination of portfolio management, program management, and project management. It pertains to the translation of corporate strategy into the projects of an organization through portfolio management, and the execution of corporate strategy through programs and projects.
According to PMI (2003)
Organizational project management is the systematic management of projects, programs, and portfolios in alignment with the achievement of strategic goals. The concept of organizational project management is based on the idea that there is a correlation between an organization's capabilities in project management, program management, and portfolio management, and the organization's effectiveness in implementing strategy.
Importance of organizational project management
As businesses change at a faster rate, it is becoming increasingly important to execute on projects. Additionally, due to the broad nature of much of the change, projects are affecting larger parts of the organization. Therefore, just as the need to perform projects is increasing, the complexity in executing them is also increasing. Organizational project management draws from the broad base of project management and organizational design applications to understand the organizational processes that affect the ability to manage the delivery of projects.
PMI Inc. has established OPM3 to help organizations assess and improve the maturity of their organizational project management.
PMI (2003). Organizational Project Management Maturity Model: Knowledge Foundation. Project Management Institute: Newtown Square, Pennsylvania, USA