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 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 Cabinet Office'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.
AXELOS Accredited Consulting Organizations (ACOs) are eligible to undertake P3M3 Maturity Model Assessments.
AXELOS also offer independent verification of P3M3 assessments carried out by ACOs. Click here for further information on how your organization can be P3M3 certified.
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