1,920 global organizations earned a CMMI® maturity and capability rating, reinforcing the demand for improved organizational capabilities
PITTSBURGH - Monday, April 11th 2016 [ME NewsWire]
(BUSINESS WIRE)-- CMMI® Institute announced today that 1,920 organizations earned a Capability Maturity Model Integration (CMMI) appraisal in 2015, an 18 percent global increase in the number of completed appraisals. Driven by the commitment among global business leaders to assess their organization’s strengths and weaknesses, CMMI continues to successfully guide organizations as the global standard for performance improvement.
CMMI appraisals enable companies to measure their capability against a defined framework of best practices and decisively identify sweet spots to be more competitive. By conducting a CMMI appraisal, business leaders can determine what their company must do in order to strengthen their skills and systems.
“When an organization earns a CMMI appraisal rating, peers and business partners recognize it as achieving the gold standard in building capability in its operations and business practices,” said Kirk Botula, CEO of CMMI Institute. “This rating distinguishes them from their competition. Many companies look for the CMMI appraisal rating when seeking suppliers and partners. The appraisal rating helps identify those dedicated to delivering excellence.”
Half of global executives rate capability building as a top three priority, according to a McKinsey & Company survey. Additionally, a Bersin by Deloitte 2014 study reports that more than 70 percent of organizations cite capabilities gaps as one of their top five challenges. Given the increased need to deliver high-quality products and services and deliver consistent performance to compete in the global business environment, organizations seek appraisals from CMMI Institute to help them realize and monetize their potential.
“In our current competitive environment in the Canadian Defence sector, one key differentiator is the ability to provide quality products and services that meet the requirements and specifications of our customers,” said Mike Greenley, vice president and general manager of CAE Canada Defence and Security. “As the only defence contractor in Canada with a key group accredited to CMMI maturity level 5, we have the ability to consistently achieve exceptional quality results and continuously improve upon them.”
Examples of how organizations are using CMMI are highlighted below:
Honeywell expects software to be a significant growth driver for the company over the long-term. Being 100 percent CMMI maturity level 5 compatible is critical to achieving the company’s aggressive growth targets and executing on its software excellence strategy. Last year, Honeywell attributed $22 billion of its $39 billion in sales to software or software-enabled products.
Chemtech reduced rework by 50 percent through a company-wide process improvement capability program through achieving CMMI maturity level 3. This rating led to improved product quality and project delivery, and resulted in lower costs and increased customer satisfaction.
NASA is using CMMI as the performance and capability improvement model against which it measures the capabilities of the contractors it hires; the model has been a key factor in maintaining quality and increasing productivity.
See how more organizations are benefiting from their CMMI appraisal by visiting the Who Uses CMMI? Web page.
“We’ve seen a significant amount of growth in the number of appraisals conducted since 2011,” said Botula. “This is truly an exciting time for businesses around the globe looking for continuous improvement to gain a sustainable competitive advantage in the marketplace.”
For organizations that want to work with CMMI-appraised organizations, a full overview of CMMI-rated organizations is published in the Published Appraisal Results Site (PARS).
About CMMI® Institute
CMMI Institute (CMMIinstitute.com) is the global leader in the advancement of best practices in people, process, and technology. The Institute provides the tools and support for organizations to benchmark their capabilities and build maturity by comparing their operations to best practices and identifying performance gaps. For over 25 years, thousands of high-performing organizations in a variety of industries, including aerospace, finance, health services, software, defense, transportation, and telecommunications, have earned a CMMI maturity level rating and proved they are capable business partners and suppliers. To learn more about how CMMI can help your organization elevate performance, visit CMMIinstitute.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160411005172/en/
Contacts
CMMI Institute
Chavonne Hoyle, 215-353-6524
choyle@cmmiinstitute.com
Permalink: http://www.me-newswire.net/news/17560/en
PITTSBURGH - Monday, April 11th 2016 [ME NewsWire]
(BUSINESS WIRE)-- CMMI® Institute announced today that 1,920 organizations earned a Capability Maturity Model Integration (CMMI) appraisal in 2015, an 18 percent global increase in the number of completed appraisals. Driven by the commitment among global business leaders to assess their organization’s strengths and weaknesses, CMMI continues to successfully guide organizations as the global standard for performance improvement.
CMMI appraisals enable companies to measure their capability against a defined framework of best practices and decisively identify sweet spots to be more competitive. By conducting a CMMI appraisal, business leaders can determine what their company must do in order to strengthen their skills and systems.
“When an organization earns a CMMI appraisal rating, peers and business partners recognize it as achieving the gold standard in building capability in its operations and business practices,” said Kirk Botula, CEO of CMMI Institute. “This rating distinguishes them from their competition. Many companies look for the CMMI appraisal rating when seeking suppliers and partners. The appraisal rating helps identify those dedicated to delivering excellence.”
Half of global executives rate capability building as a top three priority, according to a McKinsey & Company survey. Additionally, a Bersin by Deloitte 2014 study reports that more than 70 percent of organizations cite capabilities gaps as one of their top five challenges. Given the increased need to deliver high-quality products and services and deliver consistent performance to compete in the global business environment, organizations seek appraisals from CMMI Institute to help them realize and monetize their potential.
“In our current competitive environment in the Canadian Defence sector, one key differentiator is the ability to provide quality products and services that meet the requirements and specifications of our customers,” said Mike Greenley, vice president and general manager of CAE Canada Defence and Security. “As the only defence contractor in Canada with a key group accredited to CMMI maturity level 5, we have the ability to consistently achieve exceptional quality results and continuously improve upon them.”
Examples of how organizations are using CMMI are highlighted below:
Honeywell expects software to be a significant growth driver for the company over the long-term. Being 100 percent CMMI maturity level 5 compatible is critical to achieving the company’s aggressive growth targets and executing on its software excellence strategy. Last year, Honeywell attributed $22 billion of its $39 billion in sales to software or software-enabled products.
Chemtech reduced rework by 50 percent through a company-wide process improvement capability program through achieving CMMI maturity level 3. This rating led to improved product quality and project delivery, and resulted in lower costs and increased customer satisfaction.
NASA is using CMMI as the performance and capability improvement model against which it measures the capabilities of the contractors it hires; the model has been a key factor in maintaining quality and increasing productivity.
See how more organizations are benefiting from their CMMI appraisal by visiting the Who Uses CMMI? Web page.
“We’ve seen a significant amount of growth in the number of appraisals conducted since 2011,” said Botula. “This is truly an exciting time for businesses around the globe looking for continuous improvement to gain a sustainable competitive advantage in the marketplace.”
For organizations that want to work with CMMI-appraised organizations, a full overview of CMMI-rated organizations is published in the Published Appraisal Results Site (PARS).
About CMMI® Institute
CMMI Institute (CMMIinstitute.com) is the global leader in the advancement of best practices in people, process, and technology. The Institute provides the tools and support for organizations to benchmark their capabilities and build maturity by comparing their operations to best practices and identifying performance gaps. For over 25 years, thousands of high-performing organizations in a variety of industries, including aerospace, finance, health services, software, defense, transportation, and telecommunications, have earned a CMMI maturity level rating and proved they are capable business partners and suppliers. To learn more about how CMMI can help your organization elevate performance, visit CMMIinstitute.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160411005172/en/
Contacts
CMMI Institute
Chavonne Hoyle, 215-353-6524
choyle@cmmiinstitute.com
Permalink: http://www.me-newswire.net/news/17560/en
