PM Competency Framework Development & Assessment: Build Stronger Project Teams

360° Feedback and Surveys are comprehensive assessment tools designed to gather insights on an individual’s performance, behavior, and competencies from multiple perspectives. This approach involves feedback from peers, subordinates, supervisors, and even self-assessments, providing a well-rounded view of strengths and areas for development. By utilizing 360° feedback, organizations can support behavioral and functional growth, fostering a culture of continuous improvement.

What Is It:

PM Competency Framework Development & Assessment is a structured approach to defining, assessing, and enhancing the key project management (PM) skills within an organization.
This process involves identifying essential competencies, assessing current skill levels, and creating tailored development plans to close any gaps.
A well-developed PM competency framework ensures that project teams have the skills needed to drive successful project outcomes.

Why It Matters:

Developing and assessing PM competencies is essential for building high-performing project teams, ensuring consistency, and meeting organizational goals.

  1. Companies with defined PM competency frameworks report a 35% improvement in project success rates (Project Management Institute).
  2. Skilled project managers reduce project failure rates by up to 33% (McKinsey).
  3. Organizations investing in PM skill development see a 23% increase in project efficiency (Gartner).

By focusing on competency development, organizations can enhance project success, improve efficiency, and ensure teams are equipped to handle complex projects.

How It Works:

Developing and assessing a PM competency framework requires a systematic approach to ensure project managers acquire essential skills that align with organizational goals.

  1. Define Core Competencies: Identify key project management skills, such as leadership, communication, risk management, and strategic thinking.
  2. Set Competency Levels: Establish proficiency levels (e.g., beginner, intermediate, expert) to define growth paths for each skill.
  3. Align with Organizational Goals: Ensure the competencies align with the organization’s strategic objectives to maximize relevance and impact.
  4. Develop Assessment Tools: Create assessment methods like self-evaluations, peer reviews, and manager feedback to evaluate current skill levels.
  5. Conduct Initial Assessments: Assess the current competencies of each project manager to identify strengths and areas for improvement.
  6. Analyze Skill Gaps: Compare current skills with desired competencies to pinpoint specific gaps that need addressing.
  7. Create Individual Development Plans: Develop personalized training and development plans to target each project manager’s specific competency gaps.
  8. Implement Training Programs: Use workshops, courses, and mentoring to build identified competencies across the project management team.
  9. Monitor Progress and Reassess: Track each project manager’s progress through regular follow-up assessments to ensure continuous development.
  10. Update the Competency Framework: Refine the framework over time to adapt to changing project requirements and industry standards.

This structured approach ensures that PM competencies are continually assessed and developed, leading to stronger project teams and improved project outcomes.

The Value Proposition:

  1. Builds a skilled, high-performing project management team.
  2. Reduces project failures by ensuring essential competencies are in place.
  3. Enhances project efficiency and team productivity through targeted skill development.

The Global Standards:

  1. PMI Talent Triangle (USA): Defines essential PM competencies in technical, leadership, and strategic skills.
  2. IPMA Competence Baseline (Switzerland): Provides a global standard for assessing and developing PM competencies.
  3. ISO 21500 Guidance on Project Management (Switzerland): Offers a structured approach to PM practices, including competency frameworks.

The Bottom Line:

A well-defined PM competency framework builds stronger project teams, reduces project risks, and improves overall performance.

The Question:

Are you investing in a PM competency framework to enhance your project team’s performance?

How Arience Can Help You:

  1. Consulting: We assist organizations in developing comprehensive PM competency frameworks aligned with business objectives.
  2. Mentoring: Our team mentors project managers, helping them progress through competency levels and achieve skill mastery.
  3. Coaching: We offer personalized coaching to individuals, focusing on targeted PM skill development and continuous improvement.

Why Choose Us:

  1. In-Depth PM Expertise: Extensive experience in developing PM competency frameworks across industries.
  2. Customized Approach: Tailored competency frameworks that match your organization’s unique needs and goals.
  3. Focused on Results: We prioritize measurable improvements in project team skills and overall project outcomes.

The Next Step:

Ready to build a stronger, more competent project team? Contact Arience today for customized PM competency framework development and assessment solutions.

Copyrights, Acknowledgement & References:

  1. PMI® (USA): Provider of the Talent Triangle framework for PM competencies.
  2. IPMA® (Switzerland): Publisher of the IPMA Competence Baseline for PM skills.
  3. ISO® (Switzerland): Publisher of ISO 21500 for guidance on PM practices.