The Portfolio, Programme, and Project Management Maturity Model (P3M3) has become a key standard amongst maturity models, providing a framework with which organisations can assess their current performance and put in place improvement plans.
As organizations strive to identify and leverage competitive advantage from improved efficiency and delivery of products and services, the importance of having in place effective management models on which to assess this performance and identify opportunities for improvement has never been more important.
The updated second version of the Portfolio, Programme, and Project Management Maturity Model (P3M3) was released in June 2008, with a further update, version 2.1, being released in February 2010.
The current version takes into account the maturing knowledge of programme management, and the evolving recognition and definition of portfolio management, across a number of industry sectors. It is fully compatible with the earlier version, so organizations that have already undertaken P3M3 assessments based on the first version will see the impact of their existing improvement plans reflected in future assessments made under the revised model.
The latest version of the model can be downloaded here.
P3M3 continues to be developed in light of customer feedback. We have updated the model and released an on-line self-assessment tool. The full model, which will be released as Version 3, is currently being piloted through our ACO network and will be available later this year.
The key benefit that P3M3 can bring to your organization lies in the identification of attributes that are key to your organization's business performance at each level of maturity. The model allows your organization to identify areas of strengths and weaknesses in its change delivery processes. This information can be used to develop improvement plans to increase confidence in the organization's ability to deliver.
The self-assessment is aimed at providing your organization with:
By completing the self-assessment questionnaires, you will obtain a prediction of your most likely organizational maturity level in Portfolio, Programme and Project management.
Further details are available on the Self-Assessment page.
AXELOS Accredited Consulting Organizations (ACOs) are eligible to undertake P3M3 Maturity Model Assessments.
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