PITTSBURGH--(BUSINESS WIRE)--CMMI Institute announced today that a record number of Capability Maturity Model Integration (CMMI)® appraisals were completed in 2014 as business leaders across the globe continue to look for ways to assess their organization’s strengths and weaknesses to improve the capability of their businesses.
Organizations that want to continuously improve performance and deliver impact know that capability building is a top priority. In fact, McKinsey cites that 50% of CXOs rank capability building among the top three priorities in their organizations. (Source: McKinsey Building Capability Study, August 2014)
CMMI appraisals allow companies to measure their capability and maturity against a defined framework of best practices—and identify their sweet spots to be more competitive. CMMI Institute reported that 1,626 appraisals were completed in 2014, which represents its busiest year yet. This signifies a 12 percent increase in total CMMI appraisals since 2012 and the third consecutive year that CMMI Institute has achieved record growth in global adoption.
This increase demonstrates the continued value that organizations have realized and monetized since they started using CMMI in their organizations over 20 years ago — which has occurred in 100 countries across all seven continents including Antarctica — to improve their capabilities.
“By conducting a CMMI appraisal, business leaders can determine what their company needs to do in order to build or strengthen the skills and systems designed to lift a given enterprise, business unit, or specific function to the next level,” said Kirk Botula, CEO of CMMI Institute. “We are encouraged to see the continued growth of CMMI as organizations look for proven ways to build their capabilities and gain sustainable competitive advantage in the global marketplace.”
2014 CMMI Global Highlights
In addition to reporting a record number of appraisals, CMMI Institute expanded its portfolio of offerings over the course of the year to enable organizations of all sizes across the globe to develop the necessary capabilities to meet the dynamic needs of today’s business environment:
- New Avenues for Capability Assessment: Released in 2014, the CMMI Virtual Advisor online tool helps organizations conduct a health check of their current capabilities and receive a high-level gap analysis report to begin their performance and capability improvement journey.
- Expanded Product Portfolio: In response to the increasing need to better manage and monetize organizational data, CMMI Institute added an eighth capability area to help organizations further strengthen their business. Unveiled in 2014, the Data Management Maturity (DMM)SM model helps companies evaluate and improve data management practices. Developed based on the foundational principles of CMMI, DMM includes a full ecosystem of training, certification, and partner programs.
- ELearning: CMMI Institute expanded access to its capability building courses by introducing a new eLearning course, Fundamentals of CMMI—to better support those who contribute to improving their organization’s processes and quality of work.
- Certification: The creation of the Certified CMMI Associate increased the pool of skilled professionals who support capability improvement in their organizations. The first 100 CMMI Associates have been certified, with more coming.
When an organization earns a CMMI appraisal rating, it is recognized by peers and business partners for achieving the gold standard in building capability and attaining maturity in its operations and business practices—and this distinguishes them from their competition. Many companies look for the CMMI appraisal rating when looking for suppliers and partners, which helps them identify those who are dedicated to delivering excellence. For organizations looking to work with CMMI appraised organizations, a full overview of CMMI-rated organizations is published in the Public Appraisals Record System (PARS).
About CMMI Institute
As the organization behind the Capability Maturity Model Integration (CMMI)®, a capability improvement framework that guides organizations in high-performance operations, the CMMI Institute advances the state of the practice, accelerates the development and adoption of best practices, and provides new and evolved solutions to meet the emerging needs of businesses around the world. The CMMI Institute supports the worldwide adoption of its solutions in small and large organizations alike in a variety of industries, including aerospace, finance, health services, software, defense, transportation, and telecommunications. To learn more about how CMMI can help your organization elevate performance, visit cmmiinstitute.com.