Portfolio, Programme and Project Offices (P3O®)
What is P3O?
Portfolio, Programme and Project Offices (P3O®) was first published in 2008 and more recently revised and published in 2013. The guidance is accompanied by an associated certification scheme.
A P3O model provides a decision enabling/delivery support structure for all change within an organization. This may be provided through a single permanent office which may exist under several different names, for example Portfolio Office, Centre of Excellence, Enterprise or Corporate Programme Office.
The purpose of P3O is to provide universally applicable guidance that will enable individuals and organizations to establish, develop and maintain appropriate business support structures.
The benefits of P3O are as follows:
Informed senior management decision making on factors including strategy, prioritization, risk management and optimization of resources in order to successfully deliver their business objectives (portfolio management)
Identification and realization of business outcomes and benefits via programmes
Successful delivery of project outputs that enable benefits within time, cost and quality restraints.
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.
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