The RMMM fills a void in the PPM shared-knowledge and best-practice landscape
Santa Clara, CA (PRWEB) June 20, 2011
Instantis, the leading SaaS-based provider of Enterprise Project Portfolio Management (EPPM) solutions used by business process and IT leaders to improve strategy execution and financial performance, formally launched today the Resource Management Maturity Model (RMMM)™. The model is described in a white paper which is available for immediate download at http://www.instantis.com.
The Resource Management Maturity Model™ (RMMM) enables organizations to define and execute a resource management strategy. It accomplishes this by helping stakeholders better align resource-related information needs with their level of project and portfolio management (PPM) process maturity and technology enablement.
The RMMM identifies a logical progression of resource and capacity management process sophistication which is enumerated as five levels of maturity. Each level of maturity is described along seven common dimensions. IT organizations can use the RMMM to ensure they can manage project resources and capacity at the “just right” level of granularity for the business. Instantis developed the model in consultation with resource management practitioners across multiple industries, internal deployment consultants, and industry analysts.
“One of the principle tenets of the RMMM is that most organizations bite off more than they can chew with respect to resource management,” said Dr. Raje. “We believe there is a sweet spot for resource management maturity beyond which there are diminishing returns in most project-intensive environments.”
The motives for developing the RMMM are three-fold. First, effective resource management is vital for most organizations because resources represent a major, if not the primary, cost of doing business. As a result, maximizing the return on investments in people is critical to achieving strategic business and financial goals. Second, there is a track record of resource management initiative failures. Guidance is needed in helping organizations focus on identifying and answering the most important resource-related questions consistently and understand how to take measured steps in deploying the “just right” level of supporting process and technology. Third, the RMMM fills a void in the PPM shared-knowledge and best-practice landscape. While there are several excellent project and portfolio management (PPM) maturity models available from high-quality sources such as Gartner, PM Solutions and the Project Management Institute, there is little guidance available that is focused exclusively on resource and capacity management issues.
"When we polled attendees [at the most recent Gartner Symposium/ITxpo] and asked them if they had problems managing resources, we found that 100% said that they do," said analyst Donna Fitzgerald, Research vice president at Gartner. "The goal is to look at where you're at and see if the next level might be where you want to be — this isn't a lock step.”
Instantis is a leading provider of project portfolio management software used by business process and IT leaders to improve strategy execution and financial performance. Leading global corporations like Abbott, Baxter, Credit Suisse, DuPont, France Telecom, Lilly, McKesson, National Grid and Xerox rely on a single system called EnterpriseTrack to fulfill the distinctive requirements of their strategic project portfolios such as PMO, IT, New Product Development and Process Excellence.
 Gartner Publication, “Highlights From the Program and Portfolio Management Track at Symposium/ITxpo,” 8 November, 2010
# # #