Utilizing the following required txt:
Kerzner, H. (2005). Using the Project Management Maturity Model: Strategic planning for project management (2nd ed.). Hoboken, NJ: John Wiley and Sons, Inc. ISBN: 9780471691617.
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Answer BOTH 1 and 2 below:
- Economic Conditions
Project management is a fundamental skill in an organization no matter what the economic climate. How does the current economic climate affect strategic planning for the organization as well as for project management? Provide commentary to support the importance of strategic planning in both strong and weak economies.
Give a brief overview of the levels of the Project Management Maturity Model (PMMM). Review the “Foundation of Excellence” section of Chapter 4 of the text. Explain how strategic planning can enable a company to reach level five of their PMMM.