This new version of the Cabinet Office's Portfolio, Programme and Project Management Maturity Model (P3M3) is fully updated to take into account the latest knowledge and best practice in portfolio, programme and project management, including other Cabinet Office tools such as Gateways, as well as extensive feedback on the original model.
It is fully compatible with the first version of P3M3, so if your organisation has already had assessments based on that version, you can move seamlessly to applying this version and will be able to see the impact of any current improvement plans reflected in future assessments under the revised model. Equally, it applies to organisations new to maturity models that wish to adopt this approach to performance and capability measurement.
This version has also been overhauled in three main ways:
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