P3M3 Certification: Portfolio, Program and Project Management Maturity Model
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P3M3 Certification: Portfolio, Program and Project Management Maturity Model Course
Introduction:
In today's rapidly changing business environment, organizations constantly seek ways to gain a competitive edge and improve their efficiency and performance. As a result, the understanding of what drives organizational success has evolved, leading to the emergence of new and improved best practices. These practices play a crucial role in helping organizations adapt to the increasing pace of change and deliver optimal results.
In various industries, such as the IT sector, management models have gained significant importance as they provide a framework for assessing organizational capabilities and identifying opportunities for improvement. One such model is the Portfolio, Programme, and Project Management Maturity Model (P3M3®). This model serves as a valuable tool for measuring an organization's capability in portfolio, program, and project management practices.
P3M3® assesses and evaluates an organization's maturity level across these management areas, providing a clear indication of its current capability. The maturity level reflects the organization's proficiency in implementing effective portfolio, program, and project management practices.
By utilizing the P3M3® model, organizations can benchmark their current practices against industry standards and identify areas for enhancement. The model provides a structured approach to identify strengths, weaknesses, and opportunities for improvement within an organization's management practices. It enables organizations to align their strategies, resources, and activities to optimize their project and program delivery, enhance efficiency, and achieve better outcomes.
This training course on P3M3® offers participants the opportunity to gain a comprehensive understanding of the model and its application in assessing and improving organizational capabilities. Through interactive sessions, case studies, and practical examples, participants will learn how to evaluate their organization's maturity level and develop strategies for advancing their portfolio, program, and project management practices.
Join us in this course to unlock the potential of your organization's management practices and enhance your ability to deliver successful projects and programs. Gain valuable insights into industry-leading practices, identify areas for improvement, and establish a roadmap for achieving higher maturity levels in portfolio, program, and project management.
Course Objectives:
Upon completing this P3M3 Certification: Portfolio, Program, and Project Management Maturity Model course successfully, participants will be able to:
- Know the benefits of using a maturity model
- Understand the background and purpose of maturity modeling
- Scope of an assessment
- Introduce process improvement using models like P3M3®
- Be able to explain the five levels of maturity
- Comprehend how the results of the maturity model correlate to the 5-step process improvement framework
- Measure performance objectively
- Helping organizations to decide what maturity level they need to achieve to meet their business needs
- Creating a reliable P3M3® capability baseline
- Compare the organization against accepted maturity levels that can be certified
- Strengthen processes in benefits management to gain better returns on investment
- Focus investment on those aspects of P3M3® that will yield the best improvements for the specific organizational context
- Recognize achievements from previous investment in capability improvement
- Enjoy the benefits of better predictability of outcome for better investment decisions
- Use diagnostic assessment to improve value in the training budget
- Employ effective use of budgets delivers cost savings
- Develop a baseline for the capability to provide concrete metrics for performance improvement
- Improve the delivery of benefits
- Ensure decreased cost of quality
- Enhance the quality of delivered projects and programs
- Understand how to increase productivity using best practices
- Gain superior quality results (i.e. lower defects)
- Increase customer satisfaction by employing efficient tools and techniques
- Get enhanced schedule and budget predictability
- Work with better cycle time management
- Enjoy an increased return on investment due to advancements in your career
- Improve self-morale and motivation
Who Should Attend?
This P3M3 Certification: Portfolio, Program, and Project Management Maturity Model course is suitable for:
- Anyone wishing to know more about maturity models and how to use them;
- Anyone taking the first steps towards becoming a maturity assessor; and
- Organizations considering undertaking maturity assessments of capability
Course Outlines:
Introduction
- What Are Maturity Models?
- P3M3® components
- Benefits of using P3M3®
- Using Maturity Models for Performance Improvement
- Where are you today?
- Where do you want to be?
- How can you get there?
- How will you know when you are there?
Self-Assessment
- P3M3® Self-assessment User Guide
- P3M3® standard self-assessment
- P3M3® enhanced self-assessment
- Full assessment: assessor’s toolkit and guide
Background To P3M3®
- Version 1
- Version 2
- Version 3
- Challenges in Version 3
- Assessment toolkit
- Using P3M3® for benchmarking
- Using P3M3® for skills development
- Using P3M3® for benefits management
P3M3® Overview
- The overarching structure of P3M3®
- P3M3® and delivery success
- PMI’s Project Management Body of Knowledge (PMBOK)
- APM’s Body of Knowledge (APMBOK)
- AXELOS’s best-practice product set
- UK National Audit Office’s financial maturity model
- UK Cabinet Office’s Procurement Capability Review
- Asset Management – An Anatomy
The Business Case for Improving Maturity and Performance
- CMMI-based improvements
- Identifying your potential savings
Planning your P3M3® Assessment
- Selecting the P3M3® model to use
- Scoping the assessment
- P3M3® data structure
- Selecting the approach
- Planning checklist
- Understanding the results
- Improvement planning
Adapting P3M3®
- Commissioner of projects
- Deliverer of projects
- Commissioner–the deliverer of projects
- Specific sector competencies
- Supply chain management
P3M3® Maturity Levels
- Level 1 – Awareness of the process