Organizations in business face both external and internal pressure, including stiff competition, uncertainty, time constrains, strategic demands and limited resources. Project management then becomes an important management tool to address such issues to meet an organization’s goals by ensuring successful completion of projects in the face of budgeted resources, scheduled deadlines and anticipated quality. Project management oversight serves as a safeguard to ensure projects are brought to fruition within the stipulated plans, deadlines and budget (Gomes & Romão, 2015) .
Project management oversight bears the ability to guarantee that projects adhere to and support the strategy adopted by an organization. Project management oversight contributes to organizations realizing competitive advantage and returns on investment. Oversight is also an important tool in bridging the occasional chasm between senior management and project managers. Through project management oversight, project managers are ushered in to a deeper and clearer understanding of the relevance of their projects to an organization’s ultimate goals. Oversight allows for termination of projects that do not meet an organization’s goals and strategy and also a redirection of such projects’ resources (Gomes & Romão, 2015) .
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Project management maturity models provide an insight into the stages of growth towards excellent project management and goal achievement. Maturity models avail assessment frameworks for an organization’s strengths and weaknesses. They also enable organizations to conduct benchmarking against their peers and niche norms, aimed at evaluating an organization’s capacity and identifying areas for enhancement. Additionally, maturity models make it possible for organizations to identify and embrace improvement trails therefore facilitating initiatives for improvement (Gomes & Romão, 2015) .
References
Gomes, J., & Romão, M. (2015). Maturity, Benefits and Project Management Shaping Success. Liboa, Portugal: Research Gate. doi:10.1007/978-3-319-16486-1
