P3M3® Assesment
P3M3 stands for Project Program Portfolio Management Maturity Model. It is a sophisticated assessment / audit tool of project management methodology, programs or portfolios.
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Try a live virtual courseTarget audience
This workshop is intended for TOP managers of organizations, members of project offices and senior project managers who are interested in quickly and efficiently finding out the state of the portfolio, program and project management of the organization in comparison with proven best-practices approaches.
Using the structured method (powered by Axelos), you will work out the current maturity of key and supporting areas. You will get an objective review of strengths, weaknesses and proposed measures, as well as priorities for more effective management.
With P3M3 you can assess and compare current performance much better than ever before and effectively plan and develop plans for required improvements. Whether from the position of project manager, director, sponsor, top management or investor.
Target group:
- Organization management
- Audit & Assurance to managers
- Procurement assessing the supplier
- Project, Program, Portfolio for managers / offices
- Managers responsible for implementing changes within the organization
Audit
P3M3 allows you to assess a specific process, people's competencies, tools deployed, or methodology, or a complex organization.
The audit does not need to be performed completely on all "3Ps", i.e. portfolio, program and project management. For example, you can select and focus on project management or other parts of P3M3 only.
- Project Management (PjM3)
- Programme Management (PgM3)
- Portfolio Management (PfM3)
How to get the most of P3M3
Whether it is a complete "3P" or just one area of current status detection and the resulting report is divided into these 7 areas:
- Risk management (e.g., whether projects systematically manage risks)
- Finance management (e.g., how financial reporting is set up)
- Resource management (e.g., whether resource planning and allocation work effectively)
- Organizational Governance (e.g., compliance of projects with the rules and strategies of the organization)
- Management control (e.g., project standardization, internal regulations for change and risk management, etc.)
- Benefits management (e.g., identification and verification of project benefits incl. retrospective review of benefits)
- Stakeholder management (e.g., whether project stakeholders are identified and effective communication takes place)
Assesment
Self-assessment is a simple, reduced form of assessment performed by an organization based on the information provided. The advantage is the short duration, but the disadvantage is the limited "depth of immersion" and the low degree of independence / objectivity. Here are evaluated 3 models (portfolio, program, project) x 7 perspectives x 3 attributes per perspective = a total of 63 areas.
Full certification assessment is provided by a certified ACP partner using a complete certification toolkit and under the supervision of AXELOS. Here, the accredited partner evaluates 3 models (portfolio, program, project) x 7 perspectives x 3 attributes per perspective x 5 levels of maturity x 10-13 so-called threads = a total of up to 1,365 areas.
Full certification assessment is also provided by a certified ACP partner using a complete certification toolkit and under the supervision of AXELOS. Here, the accredited partner evaluates 3 models (portfolio, program, project) x 7 perspectives x 3 attributes per perspective x 5 levels of maturity x 13 so-called threads x 3 orcs = a total of about 4,000 areas.
Benefits
Cost savings
For the implementation of projects and programs, more efficient use of budgets
Ensuring benefits
You will have better control over the realization of benefits.
Higher quality
The quality of implemented projects and programs will strengthen.
Lean management
Process integration eliminates unnecessary bureaucracy.
Higher satisfaction
Satisfaction enhancement is another of P3M3's external outputs.
Return on investment
Accelerate your return on investment.
Continuous control
P3M3 will improve your plan and methodology for project activities
Measurable levels
Strengths will be stronger, but above all you will improve your weaknesses.
Constant improvement
With P3M3 you will measurably improve your skills.
Agenda
09:00 – 10:30
Best-practices overview
- Management of Portfolios (MoP®)
- Managing Successful Programs (MSP®)
- Project Management (PRINCE2®)
Project / Program / Portfolio
- Division of roles & responsibilities
- Measurability of projects, programs
- Principles for Portfolios; Programs; Projects
- Relation PPM vs. standard operation of the organization (Business as Usual)
10:30 – 10:45
Coffee Break
10:45 – 12:15
P3M3 Audit
Status of portfolio, program and project management - part. I
Commencement of the audit part
Checking the status of 7 key areas
- Risk management
- Management control
- Benefits management
- Organizational governance
12:15 – 13:15
Lunch
13:15 – 14:45
P3M3 Audit
Status of portfolio, program and project management - part. II
Checking the status of 7 key areas
- Finance management
- Resource management
- Stakeholder management
Completion of the audit part
14:45 – 17:00
Presentation of results
- Audit output
- What is the current state
- Weaknesses / strengths
Project Program Portfolio outputs
- Prioritization
- Potential causes
- Recommendations for PPM
The audit part of the workshop is led by an accredited P3M3 consultant in the form of structured questions. The necessary preparation for the workshop and individual areas (eg what falls under "management control") are explained during the workshop.
- Block duration 45 minutes
- Hours 2 hours
- Refreshments Yes
- Exam Assessment
Prerequisites
This assessment is for teams managing projects, programs, or strategies.
Assessor
Eduard Pitka
Axelos certified and awarded P3M3 Assessors is a guarantee of professional knowledge and skills in the field of analysis and design of measures for the implementation of the required changes with measurable output and return on investment.
P3M3 Assesor is not only a graduate of globally recognized standards in the field of projects, programs and portfolios. At the same time, he successfully completed his studies, including testing the P3M3 model, which measures the organization's performance in 7 Perspectives, 5 levels and 3 models.
- 2018 - P3M3 Assesor
- 2014 - MoP Approved Trainer
- 2010 - PRINCE2, MSP Approved Trainer
- 2007 - Senior Project Manager / Consultant
Why TAYLLORCOX
TAYLLORCOX holds an official license of an audit company. Qualified and authorized by the owner of the Axelos methodology for the implementation of assessments and certification audits P3M3. Audits that mean more than just getting a prestigious certification.
- Access to the full official version of the P3M3 assessment
- Improvement of PRINCE2, MSP, MoP methodology with the help of P3M3
- Top independent assessment and management system recommendation
- Use of professional know-how and intellectual property of Axelos
- Exclusive output reporting and benchmarking, including draft measures
- High standard of audit quality in the field of PPM (Project Program Portfolio)
Graduate ratings
What makes our references exceptional? They are not one-off events. Clients come back to us regularly.
View the full list of reference clients.
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