P3M3 (Portfolio, Programme and Project Management Maturity Model) is a framework used to assess and measure the maturity of an organisation's portfolio, programme, and project management processes. It is a tool that helps organisations identify areas for improvement and provides inputs into a roadmap for development. P3M3 was developed by the UK Government's Office of Government Commerce (OGC) to be project methodology agnostic and is now widely used across Europe, Asia, the Americas, and throughout Australasia.
More information on P3M3:
Listen to a short 7 min podcast discussing the benefits of a P3M3 assessment for your organisation
The assessment is an effective engagement medium to facilitate and align executive teams around understanding the challenges facing the delivery teams and for them to gain a better understanding of how they can actively support the PMO/PM purpose and processes.
An assessment can help organisations identify inefficiencies in their portfolio, programme, and project management processes. By addressing these inefficiencies, organisations can improve their effectiveness, reduce costly mistakes, and optimise resources.
Acknowledging the organisational progress made to date around current project delivery successful practices – every organisation has stars and pockets of best practice; the assessment brings these activities into the limelight as exemplars.
The P3M3 framework is widely recognised as a standard for measuring project management maturity. By conducting a P3M3 assessment, organisations can benchmark their project management processes against their industry peers as well as gaining a current state.
An assessment can help organisations identify weaknesses in their project management processes and develop a plan (roadmap) for improvement. By improving their project management processes, organisations can increase their project success rates and achieve better and more consistent outcomes.
An assessment can help organisations identify the impact of change initiatives on their project management processes and provide a valuable input into the development of a plan for managing that impact, ensuring successful delivery and realising benefits.
In summary, a P3M3 assessment provides an organisation with a structured approach to evaluate their project management processes, identify areas for improvement, and an input to the development of a roadmap. It can help organisations improve their project success rates, enhance organisational efficiency, meet regulatory requirements, benchmark against industry standards, and support change initiatives.
P3M3 assessments are conducted by Leva’s certified assessors, who use a specifically tailored approach to evaluate an organisation's processes, that best suits the organisation objectives.
P3M3 can assess an organisation's maturity by applying any combination of the three model areas: portfolio, programme, and project management. Each model is assessed against five levels of maturity, ranging from level 1 (aware) to level 5 (optimised). The higher the level, the more mature the organisation's processes are.
Each model assesses the organisation’s maturity through the seven P3M3 perspectives, aiming to understand how the organisation incepts, directions and manages their delivery processes.
An additional perspective that Leva optionally assesses is Change Management. We believe that crucial to successful project implementation and outcomes is how an organisation prepares itself to accept and integrate
the products resulting from programmes’ and projects’ delivery.
The assessor works with the organisation to define the scope and objectives of the assessment, identify the stakeholders, identify which of the three models will be applied (can be one to all three models), identifies the target projects/programmes, and develops a schedule of activities.
The assessor reviews the data provided by the organisation, typically starting with any existing frameworks and/or documented processes that make up the organisational approach to portfolio/programme/project management.
The assessor analyses the data collected to identify strengths and weaknesses in the organisation's processes and then explores these in more depth via one-on-one interviews to validate the findings. Once the analysis has been completed an assessment of the maturity of the organisation against the P3M3 framework can be undertaken, applying a highly analytical tool that probes more deeply into each perspective.
The assessor writes a report that summarises the findings by perspective indicating the assessed maturity levels, as well as recommendations for improvement. Organisations will be able to visually identify areas of strength and where gaps remain in their delivery maturity – all great insights into where to focus their attention, via the visual reference guide provided in the form of a heatmap.
The assessor will present the report to the assessment sponsor initially for feedback on the findings. The report is then presented to the organisation’s senior management and circulated more widely.
It is important to note that the P3M3 assessment is not a pass/fail test but rather a tool to help organisations identify maturity areas and areas for improvement that enable them to develop a roadmap for implementing the recommendations. The assessment provides a benchmark against which an organisation can measure its progress over time.
Have things changed?
Mapping how organisational decision-making and delivery guidance will be conducted, with terms of reference and roles and responsibilities.
Where are the gaps in the maturity level of an organisation (P3M3 Current State), to where the organisation wants to be?
Not all projects have the same levels of complexity/risk. Right sizing is about not making project delivery overly complex but ensuring that projects can be correctly assessed around how much/deep the controls need to be.
Tailored definition of the activities/initiatives an organisation will need to implement to achieve the desired future state maturity.
Working with organisations to support the change implementation process.
Assisting organisations with tailoring training for project sponsors/decision makers and project teams around the organisation’s project delivery framework.
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