The term maturity model was first used in the late 1980s as a result of a research study funded by the US Government, whereas the term retrospectives denotes specific efforts at identifying lessons learned on specific projects.
Lessons learned retrospectives aim to boost output on ongoing and upcoming initiatives.
Project managers can use the SWOT analysis, a strategic planning approach, to examine the advantages and disadvantages of their projects as well as any potential threats and opportunities.
Institutionalized procedures and organizational norms are covered in Level 3. In this stage of the paradigm, the management has formally documented the processes and standards and institutionalized them.
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