Mellon Global Securities Services completes CMM Level 3 reappraisal
The software engineering team that supports Mellon Global Securities Services (GSS) has successfully completed its first CMM® (Capability Maturity Model®) Level 3 reassessment, becoming Mellon's second information technology delivery group to meet the demanding requirements for CMM Level 3 renewal.
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"The ability to deliver technology solutions consistently and predictably is indispensable to our goal of providing high quality client service," said James P. Palermo, Mellon vice chairman and president of Global Securities Services.
"By institutionalizing best practices associated with effective software development, CMM is helping us raise our project management and technology delivery skills to an even higher level," said Allan P. Woods, Mellon vice chairman and chief information officer. "The renewal process, which required not only compliance with stringent Level 3 requirements but also improved results since our last audit, demonstrates the extent of our commitment to excellence in technology."
Developed by Carnegie Mellon University's Software Engineering Institute (SEI), CMM provides a five-step model of capability maturity for organizations committed to achieving better quality and higher levels of on-time, on-budget and on-scope performance. Level 3 focuses on institutionalizing effective software engineering and management processes across all projects.