Prudential achieves software rating

Financial services group demonstrates effective project management

Financial services group Prudential has reached the second stage of a software development framework intended to improve productivity.

The CMMI (Capability Maturity Model Integration) contains five levels of increasingly rigorous practices intended to help establish more effective IT project delivery.

Many IT departments are at CMMI level one, but these businesses tend to be reliant on experienced individuals to achieve this.

An organisation at level two, such as Prudential, has to show more effective project management.

Colin Wileman, deputy chief information officer at Prudential, says the CMMI award should help the finance company continue to meet development targets.

‘If you hit level two, your software development will be more productive in the future,’ he said.

A maturity rating can only be conferred following a formal assessment by an accredited consultant, in Prudential’s case analyst Gartner.

The CMMI was developed and is maintained by the Software Engineering Institute at Carnegie Mellon University in Pittsburgh, Pennsylvania.