Portfolio, Programme and Project Offices (P3OÂ®) is a Best Management PracticeÂ certification and is aligned to PRINCE2, MSP, and M_o_R. P3O brings together in one place a set of principles, processes and techniques to facilitate effective portfolio, programme and project management through enablement, challenge and support structures.
The P3O framework enables management to make well informed decisions on strategic alignment, prioritization, risk management, optimization of resources and other key factors needed to successfully meet their business objectives. Due to the clear roles and responsibilities, issues, risks and changes are effectively dealt with. Potential opportunities are sooner identified as are upcoming changes to strategy, business issues or delays
The guidance provides:
- An Introduction to P3Os - why, when and how to use P3O models including the difference between portfolio, programmes and project environments and their different requirements
- Value of a P3O - shows the value P3Os can bring to the organization including a business case, funding models and performance measures for establishing a P3O
- Models - an overview of the different P3O models with examples
- Functions and techniques - details on the functions/services and techniques/tools used by units of a P3O model.
P3O Key Capabilities
Benefits for Individual
- Ensure consistent delivery of projects and programmes and meet business objectives through effect use of resources.
- Develop capability, capacity and risk models to suit the organizational maturity culture.
- Help identify potential opportunities to be realized, exploited or enhanced as part of risk analysis.
- Ensure that the strategies and performance requirements of your organization are realized via projects, programmes and operational business units.
- Improve organizational accountability, decision making, transparency and visibility.
Benefits for Organization
- Establish, develop and maintain appropriate support structures to facilitate decision making, benefits realization and successful delivery of projects and programmes.
- Assure that a joined-up set of outcomes and benefits is measured, managed, monitored and refined to ensure that optimal investment and strategic goals are achieved.
- Deliver strategy, reduce benefits loss and deliver programmes and projects more effectively.
- Provide assurance, coaching and mentoring to build a workforce capable of first-class programme and project delivery.
- Protect revenue and spend while enhancing value for money.
- The P3O exams are aimed at those requiring an understanding of the supporting environment for successful programs and projects, either in a junior or senior role; portfolio managers looking for a structure for prioritization and control of corporate investments and specifically those that want to learn how to justify, build and manage a Project Office.
The purpose of the foundationÂ level is to confirm that you have sufficient knowledge and understanding of the P3O guidance to interact effectively with, or act as an informed member of, an office within a P3O model. The foundation qualification is a pre-requisite for the practitioner qualification.
- Multiple choice
- 75 questions per paper
- 5 questions to be trial and not counted in scores
- 35 marks required to pass (out of 70 available) - 50%
- 60 minutes duration
- Closed book
Portfolio, Programme and Project OfficesÂ® Foundation
- Define the business case to get senior management approval for the P3OÂ®.
- Build the right P3OÂ® model to adapt to the organizationâ€™s needs, taking account of the organizationâ€™s size and portfolio, program and project management maturity.
- Identify the most suitable roles required to populate a specified P3OÂ® structure
- Plan the implementation of a P3OÂ®.
- Use tools and techniques in running the P3OÂ® and advising those who shape the portfolio of programs and projects
- Participation Certificate with 40 PDUs
- Axelos Certificate