Understanding Maturity levels
Implementing good practices is a maturity journey, and emphasizing benefits tied to the current maturity level helps create realistic goals and achievable outcomes. Here's how you might approach this:
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Understand Your Current Maturity Level:
Assess where your organization or team stands regarding specific processes or practices. Use a maturity model (e.g., CMMI, Agile Maturity Model) to define this level clearly. -
Define Clear Benefits for Each Level:
At each maturity level, the goals and benefits should align with what is achievable without overwhelming the team. For example:- Initial Level (Ad-hoc): Focus on building awareness and consistency. Benefits include reducing chaos and establishing basic workflows.
- Managed Level: Emphasize repeatability and predictability, with benefits like reduced risks and better resource allocation.
- Defined Level: Highlight process standardization and collaboration, leading to greater efficiency and cross-functional alignment.
- Optimized Level: Showcase benefits like continuous improvement, innovation, and competitive advantage.
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Set Incremental Goals:
Break down the journey into small, achievable milestones. This helps in celebrating progress and maintaining motivation. -
Communicate the Value:
Tailor messaging to stakeholders, emphasizing how practices at the current maturity level solve specific challenges or open new opportunities. -
Encourage Feedback and Adaptability:
Incorporate input from the team to refine practices, demonstrating that their contributions shape the maturity journey.
To support your journey, AdaptiveWork offers the flexibility to implement various maturity levels tailored to your team's specific goals:
| Level 1: simple aggregated project financials | Level 2: time-phased planning financials | Level 3: Working with Rates and Rate Cards |
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In the early stages of financial tracking you may want to start with capturing on a high level a project’s budgeted cost and expected revenue. So far we looked at the simple aggregated project financials, where budget is manually set or derived out of the work plan effort While AdaptiveWork would do all the rest by providing you with the relevant indicators. Once you input your project metadata, for example at the stages of a PID (project initiation document) submission, the tool calculates for you the expected margin, CPI, budget status and others. |
When maturing, time-phased planning financials add the timeline dimensions to project financials and provide insight information over your budget cost and revenue over time. You can track actuals versus plan of Labor, Assets, and Non-Labor resources over time and derive answers to critical business questions using financial reporting capabilities. |
Large organization may manage different cost and billing rates and rate cards per resource and over time. Financials in AdaptiveWork allow you to manage the plans versus actual, taking into consideration the rates for the period reported. |