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 organisations strive to identify and leverage competitive and performance advantage from improved efficiency and delivery, the importance of management models on which to assess this performance and identify opportunities for improvement has increased.
The updated second version of the Office of Government Commerce's 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 first version was released in early 2006 and was developed as an enhancement to the Project Management Maturity Model.
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.
Have you ever wished to compare the maturity of your organisation with others? Please complete the tool followed by this questionnaire for a comparison.
Comments on the model should be sent to P3M3model@ogc.gsi.gov.uk and comments on the self assessment should be sent to P3M3assessment@ogc.gsi.gov.uk.
The OGC is also seeking to compile evidence for the use of the self assessment. Such feedback should be addressed to P3M3assessment@ogc.gsi.gov.uk.
The Best Practice Showcase 2010 took place at the Victoria Park Plaza, London, on 24 June.
The slides from the Seminar presentations are now available to download from www.bestpracticeshowcase.com.
Download the presentations from APMG's recent maturity seminar!
- P3M3 presentation (pdf - 2MB) by Rod Sowden, Aspire Europe
- Case study slides (ppt - 3MB) by Steve Pugh, Housing Corporation.
The Intellectual Property in and related to P3M3™ is owned by the OGC - in order to use any Intellectual Property owned by OGC a licence must be obtained. Any organisation which is not correctly licensed is infringing OGC's Intellectual Property and is therefore participating in IP crime.
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