OPM

OPM may refer to:

Organizations

Science and technology

Entertainment

Music

OPM (band)

OPM is an American band based in Los Angeles, California. OPM has a distinctive sound, combining hip hop, rock music, and pop with laid-back reggae.

Band history

Originally called "Stash", the name OPM, according to the band's frontman John E. Necro, is an abbreviation of the phrase "Open People's Minds" (originally "Other People's Money"). This was stated during an interview with MarijuanaRadio.com. The name also sounds like the drug opium. The band's original members were John E. Necro, Matthew Meschery and Geoff Turney, with Gary Dean and Etienne Franc later appointed permanent members in 2001. John E. and Geoff aka Casper first met on a bus ride through 2 girls they were dating in 1996. At the time John E. was a label scout at Island Records and Geoff was in a band called "Alpha Jerk". In 1997 John E. invited Geoff to do some recordings with him and his then brother-in-law Matthew Meschery. After 2 years they finally managed to start writing songs and sent a 3 track demo to Atlantic Records, leading them to get signed despite having never played live together. OPM released their debut album, Menace to Sobriety, in August 2000 on Atlantic Records. Their debut single "Heaven Is a Halfpipe" charted worldwide and won the Kerrang! Award for Best Single. They performed their hit single on Top of the Pops on July 20, 2001.

OPM3

The Organizational Project Management Maturity Model or OPM3® is a globally recognized best-practice standard for assessing and developing capabilities in executing strategy through projects via Portfolio Management, Program Management, and Project Management. It is published by the Project Management Institute (PMI). OPM3 provides a method for organizations to understand their Organizational Project Management processes and practices, and to make these processes capable of performing successfully, consistently, and predictably. OPM3 helps organizations develop a roadmap that the company will follow to improve performance. The Second Edition (2008) was recognized by the American National Standards Institute (ANSI) as an American National Standard (ANSI/PMI 08-004-2008). The Third Edition was published in 2013.

History

In 1998, PMI chartered a team named the OPM3 Program to develop an Organizational Project Management Maturity Model to be a global standard for Organizational Project Management (OPM). During development, part of that team of volunteers analyzed twenty-seven existing models and deployed surveys repeatedly to 30,000 practitioners. The concept of maturity model had been popularized through the Capability Maturity Model or CMM for software development that was created by the Software Engineering Institute (SEI) of Carnegie Mellon University between 1986 and 1993. The volunteer OPM3 model review team reviewed CMM and other models to understand the scope of each model, capabilities of each model, methodology for conducting assessments against each model, each model's structure, and each model's implementation procedures. The analysis concluded that existing models left many important questions about Organizational Project Management (OPM) maturity unanswered and that the team should proceed with the development of an original model through the sponsorship of PMI.

PEG

PEG or peg may refer to:

Devices

Science and computing

Recreation

Peg (fishing)

Fixed exchange-rate system

A fixed exchange rate, sometimes called a pegged exchange rate, is a type of exchange rate regime where a currency's value is fixed against either the value of another single currency, to a basket of other currencies, or to another measure of value, such as gold. There are benefits and risks to using a fixed exchange rate. A fixed exchange rate is usually used in order to stabilize the value of a currency by directly fixing its value in a predetermined ratio to a different, more stable or more internationally prevalent currency (or currencies), to which the value is pegged. In doing so, the exchange rate between the currency and its peg does not change based on market conditions, the way floating currencies will do. This makes trade and investments between the two currency areas easier and more predictable, and is especially useful for small economies in which external trade forms a large part of their GDP.

A fixed exchange-rate system can also be used as a means to control the behavior of a currency, such as by limiting rates of inflation. However, in doing so, the pegged currency is then controlled by its reference value. As such, when the reference value rises or falls, it then follows that the value(s) of any currencies pegged to it will also rise and fall in relation to other currencies and commodities with which the pegged currency can be traded. In other words, a pegged currency is dependent on its reference value to dictate how its current worth is defined at any given time. In addition, according to the Mundell–Fleming model, with perfect capital mobility, a fixed exchange rate prevents a government from using domestic monetary policy in order to achieve macroeconomic stability.