MSP® (5th Edition) – Key ConceptsDecember 26, 2022
Product Suite description: MSP is a globally recognized framework for best practice programme management. Programmes are temporary structures used by organizations to lead investments in change.
MSP is specifically designed to address the most common challenges that organizations encounter when leading investments in change. It is designed to align programmes and projects to organizational strategy and to provide governance. It focuses on the outcomes of benefits, whilst mitigating risks and actively engaging stakeholders.
MSP 5th edition consists of a set of principles, themes, and processes that provide a clear roadmap for the programme lifecycle and ensure successful organizational outcomes:
The 7 principles are the driving requirements that are continually required to achieve value from programme management. These principles are universal, self-validating, and empowering.
The 7 themes help organizations to identify key roles, responsibilities, and information needed to support the theme. The themes give very practical guidance illustrating how MSP can be used according to the reasons for a programme. These reasons, or drivers, include:
z innovation and growth
z organizational re-alignment z effective delivery
z efficient delivery.
The 7 processes provide a route through the lifecycle of a programme with an emphasis on the incremental nature of a programme enabling a cyclical progression towards the desired future state.
MSP 5th edition emphasizes more flexibility, adaptability, and responsiveness by adopting an incremental approach to the programme lifecycle and thus enabling organizational agility.
Value proposition: MSP is the go-to certification and guidance for programme managers, business change managers and the next step for project managers to develop their knowledge and skills to be able to positively respond to the challenges they face when managing programmes and larger, more strategic or multiple projects.