Organizational Project Management (OPM)

Organizational Project Management (OPM) is defined as the execution of an organizations strategies through projects by combining the system of Portfolio Management, Program Management and Project Management. Organizational Project Management serves as a guide or driver for project, program and portfolio management as well as other organizational processes and practices. OPM provides directions for how portfolios, programs, projects and other regular organizational works should be prioritized managed, executed and measured to achieve the business strategic goals and desired benefits. 

To explain simply, every organization will have a Mission and Vision. Vision and Mission are achieved through carefully defined Business Strategies. 

Let’s consider the Vision and Mission statement of SpaceX for example. 

SpaceX Vision: To make life multi planetary by establishing a self sustaining city on Mars. 

https://www.spacex.com/updates/#make-life-multiplanetary

SpaceX Mission: To revolutionize space technology with ultimate goal of enabling people live on other planets. 

This is achieved by Programs including Falcon, Dragon, Starlink, Starship etc which are inter connected to make the Vision possible. 

All Organizations will have a Vision which is constant, but the Mission may change to achieve the ultimate goal which is Vision of the organization. 

Business Strategy of SpaceX:

• Innovation: Prioritize in-house development of key technologies like reusable rockets and high performance engines. 
• Vertical Integration: Design, manufactures and operates its own rockets, Launch facilities and ground support equipment, reducing reliance on external windows and lowering cost.
• Rapid Iteration: Emphasizes rapid prototyping, testing and failure as learning opportunities leading to cook a development cycles.
• Cost reduction: focus on reusability, efficient manufacturing process and streamlining operations to make space flight more accessible. 

Under the Organizational Project Management (OPM), Portfolio Management, Program Management, Project Management must align vertically with the Organizational business strategy. 

Responsibilities of Portfolio Management: Select and prioritize programs and projects that will best achieve the organization’s strategic goals.

Responsibilities of Program Management: Coordinate the management of related projects to achieve benefits and support the organization strategic goals. Benefits can be tangible and intangible.

Responsibilities of Project Management: Effectively manage the project with specific scope, support portfolio management, ultimately contribute to achieve the strategic goals.