P3M3™ Portfolio, Programme and Project Management Maturity Model

P3M3 helps organisations address fundamental aspects of managing portfolios, programmes and projects. It improves the likelihood of quality results and successful outcomes, and reduces the likelihood of adverse impacts from risks.

P3M3 version 2 can be used in several ways:

• To understand the key practices that are part of effective portfolio, programme and project management processes.
• Within portfolios, programmes and projects, there now exists the opportunity to assess 7 essential components, known as Process Perspectives.
• To identify the key practices that must be embedded within the organisation to achieve the next maturity level.
• To understand and improve their capability to manage programmes and projects more effectively in the future.

The levels described within the P3M3 indicate how key process areas can be structured hierarchically to provide transition states for an organisation wishing to set realistic and sensible goals for improvement. The levels facilitate organisational transitions from an immature state to become a mature and capable organisation able to handle initiatives based on a standardized, defined process - in line with specific business need.

The five structured levels for maturity are:

• Level 1: Awareness of Process
• Level 2: Repeatable Process
• Level 3: Defined Process
• Level 4: Managed Process
• Level 5: Optimised Process.

The P3M3 contains three models that enable independent assessment. There are no interdependencies between the models, so an organisation may be better at programme management than it is at project management, for example. The models are:

• Portfolio Management (PfM3)
• Programme Management (PgM3)
• Project Management (PjM3).

Structure of P3M3

Find out who to contact for P3M3 maturity assessment from our Accredited Consulting Organisation Listing.

You can download our P3M3 Brochure here (pdf - 1.90MB).

For full information and to download the Model and Self Assessment Questionnaire, visit www.p3m3-officialsite.com.