8 Factor Assessment For Business Success

New online tool delivers organizational health check for companies to self-assess business capability.

Jan 7th, 2015

CMMI Institute

PITTSBURGH –– As we enter 2015 amidst the growing impact of change management, the development of necessary capabilities to meet the dynamic and unpredictable needs of the business remains a top priority for seven out of 10 senior executives, according to a report by McKinsey & Company.

Organizations must understand where they stand today in order to accomplish their goals in the future. To facilitate this understanding, CMMI Institute, which offers global benchmarks in best practices for improving business performance, has released the “Top 8 Capabilities to Strengthen your Business in 2015,” a list of the top capability areas that make up a proven framework for organizations to quickly understand how well their business is doing in the capabilities that matter most to them:

Top 8 Capabilities to Strengthen Your Business in 2015

Product Engineering and Development: Reliably understand and agree on customer needs and then design and build the solutions that meet those needs.
Service Delivery and Management: Control costs while defining and reliably delivering services that satisfy your customers.
Supplier Management: Select and manage suppliers effectively to ensure that you get what you need from them.
People Management: Develop skills, build teams, manage performance, and shape your workforce to meet key business goals.
Data Management: Govern your data, improve data quality, and monitor key indicators to ensure that your data practice suits your enterprise needs.
Project and Work Management: Plan and monitor your work while managing risks to meet customer needs and business goals.
Process Management: Define and improve the processes that will support business objectives, and train staff to perform their roles using those processes.
Supporting Infrastructure: Make effective decisions, manage quality, and measure what matters most to your business.

To complement the “Top 8 Capabilities to Strengthen your Business in 2015” list, CMMI Institute also unveiled the “Assess Your Organization’s Capability” tool, an online self-assessment tool which extends access to Capability Maturity Model Integration (CMMI). This new tool enables businesses of all sizes to begin their journey of elevating performance by diagnosing the current state of their organization. By answering a brief set of questions online, business leaders will gain critical insights into their organization’s strengths and weaknesses, as well as recommended solutions to improve the capability of their organization. The tool delivers an assessment report aligned to CMMI Institute’s eight capability areas, as well as a set of next steps that organizations can take to improve its capabilities.

“Capabilities are the key success factors that enable your organization to accomplish its mission and goals. Building capability allows you to move beyond heroic effort and isolated success to repeatable performance and continuous improvement,” said Kirk Botula, CEO of CMMI Institute. “Not all organizations need to build all capabilities, but every organization needs to understand and develop the capabilities that matter most in their field. CMMI Institute’s eight capability areas and new self-assessment tool will enable business leaders to get a comprehensive picture of their performance as they begin planning for improvements in 2015.”