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Portfolio, Programme and Project (P3O®) Offices study guide mind map by Mind Map: Portfolio, Programme and Project (P3O®) Offices study guide mind map
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Portfolio, Programme and Project (P3O®) Offices study guide mind map

P3O® is a registered trademark of AXELOS Limited. P3O® logo courtesy of the AXELOS Limited. Trademarks are properties of the holders, who are not affiliated with mind map author.

P3O® - standard, framework, model and body of knowledge (not methodology or mthod) for general (not industry specific e.g. IT) Project, Programme, Portfolio Offices. P3O® provides a decision enabling/delivery support structure for all change within an organisation. P3O® is one of the 12 recognized globally and practically proven management standards from AXELOS® Global Best Practice family of UK standards.

P3O® v1 was published in 28.10.2008.

P3O® v2 was published in 2013.

How P3O® fits into AXELOS® Global Best Practices family of UK standards.

AXELOS® Global Best Practices family of standards from UK.

Since 2000 the Office of Government Commerce (OGC), former owner of PRINCE2® (and other Best Management Practices) has been the custodian of the portfolio on behalf of UKG. In June 2010 as a result of UKG reorganisation the Minister for the Cabinet Office announced that the PRINCE2® functions have moved into Cabinet Office.

P3O® consists of: 6 Principles, 5 Models, 6 Definition Activities (simply process), 21 Roles, 11 Techniques.

P3O® Principles for Extracting Value (6)

What are principles?

1. Govern Effectively

2. Hold people to account

3. Prioritise investment, align and adjust to business strategy

4. Safeguard value

5. Invest in people and process

6. Track progress through highlight and exception based reporting

P3O® Models (5)

Model are not to be used "as it is".

P3O® Model

P3O® means “Offices” for P3. The Centre of Excellence (CoE) also known as Centre of Competence is a special type of office.

Organization Portfolio Office Model

Hub and Spoke Model

Temporary Office Model

Virtual Office Model

Small Organization Model

Large organization P3O Model

Mature P3O® models provide:

P3O® Definition Activities (6)

1. Establish the implementation team

2. Identify and analyse stakeholders

3. Refine the vision statement

4. Develop the P3O blueprint

5. Develop, model and validate the benefits

7. Plan stages or tranches of delivery

P3O® Roles and Responsibilities (21)

Management Roles

Generic roles

Functional roles

P3O® Official publications

Copyright © AXELOS Limited.

Portfolio, Programme and Project Offices

P3O® Official resources

Copyright © AXELOS Limited.

P3O® sample exams, available online

P3O® examination syllabus

P3O® glossary

P3O® White Papers

P3O® website

P3O® Tools

Tools can be used in the following ways:

8 Key strategic benefits of Using Tools & Techniques

P3O® Tools (divided by categories)

P3O® Techniques (11)

Project Complexity Modelling

Management Dashboards

Knowledge Management

P3O® Information Portal

Facilitated Workshops

Skills Development & Maintenance

Business Process Swimlanes

Capacity Planning for Resource Management

Assurance, Gated Reviews and Healthchecks

Tailoring of Approaches

Portfolio Prioritization and Optimization

Basic Definitions (according to AXELOS®)

Portfolios / Programme / Project Management

Project / Programme / Portfolios

Output, Capability, Outcome, Benefits

P3O®

Interactive P3O® Glossary

Interactive P3O® Glossary

This freeware, non-commercial mind map (aligned with the newest version of P3O®) was carefully hand crafted with passion and love for learning and constant improvement as well for promotion the standard, model and framework P3O® and as a learning tool for candidates wanting to gain P3O® qualification. (please share, like and give feedback - your feedback and comments are my main motivation for further elaboration. THX!)

Questions / issues / errors? What do you think about my work? Your comments are highly appreciated. Feel free to visit my website: www.miroslawdabrowski.com

Watch: P3O®: The Big Picture (by Patrick Mayfield)

Watch: Benefits of P3O® for individuals (by Harold Petersen)

P3O® KPIs (examples)

Reduced benefits loss, % increase in actual portfolio benefits delivered (rather than planned benefits).

Fewer programmes and projects started for the wrong reasons - number of projects stopped.

Organisational P3RM Maturity level of 3 (or more) by target date.

Predictability of delivery - % increase in number of programmes and projects delivering to time.

Predictability of cost - % decrease in cost overruns on programmes and projects.

Reduction in overall resource costs to deliver the portfolio.

Reduced staff turnover and subsequent reduction in recruitment and training costs.

Happy scale - increased customer satisfaction scores.

Reduced number of programmes and projects scoring amber or red on gated reviews.

Increased overall P3RM skills score of programme and project management community.