PPM stands for Portfolio, Programme and Project Management, and also includes value and risk management. PPM maturity is a reference to an organization’s capability to deliver a portfolio, projects and programmes.
The Portfolio, Programme, and Project Management Maturity Model (P3M3) provides a framework for organizations to assess and benchmark their current performance and effectively develop plans for improvement.
The P3M3 maturity model sub-models are as follows:
1. Portfolio Management Maturity Model (PfM3)
2. Programme Management Maturity Model (PgM3)
3. Project Management Maturity Model (PjM3)
Each sub-model is further broken down into seven perspectives:
1. Organizational governance
2. Management control
3. Benefits management
4. Risk management
5. Stakeholder management
6. Finance management
7. Resource management
Through baselining an organization’s performance, it is possible to identify areas where an organization can most effectively increase its project, programme and portfolio capability. Therefore, the kind of benefits expected from using P3M3 to develop and implement an improvement plan would be:
Cost savings
Improved benefits delivery
Improved quality of delivered projects and programmes
Improved customer satisfaction
Increase return on investment
Providing plans for continual progression
Recognizing achievements from previous investment in capability improvement
Focusing on the organization’s maturity, not specific initiatives
Business Beam offers following three options for the P3M3 assessment:
Contact Business Beam to learn more.