What is P3O®?
P3O Guidance is a methodology fully compatible with PRINCE2, MSP, MoP a M_o_R. Its uniqueness lies in the fact that it functions as a central management standard for the description of processes, roles, functions, services and support activities. If your organization is involved in more than one project, you will appreciate the effective management of projects, programs, and portfolios with the help of a structured approach Portfolio, Program and Project Offices (P3O®).
P3O Methodology
No company today can do without a project manager. However, the project is a one-off activity and in today's social climate reducing costs, high pressure on efficiency and gaining a competitive advantage is no longer enough.
It is no exception to manage multiple projects that have a common goal (program management). And those better organizations already have a portfolio built office, which determines and defines the strategic direction, and this is then turned into projects and programs.
While companies are constantly creating and bringing changes to their structures, it is also necessary to constantly operate and generate profit, respectively. meet strategic objectives. This is the purpose of the P3O office model, which will build an adequate structure in the organization on the basis of "Business as Usual", equip it with tools and techniques that will ensure that projects and programs are given the right priority and balance.
Benefits
P3O (Portfolio, Programme & Project Offices)
Big Picture
P3O helps to see change not as an isolated activity but as a "big picture" of change, with which the organization responds to a dynamic internal and environmental environment.
Strategy
Thanks to P3O, you get the basis for the right managerial and strategic decisions in the area of PRINCE2 projects and SME programs.
Management
Ensuring adequate standardization and consistency of information for approval, commissioning and review of projects and programs.
Audit and revision of changes
Choose one of the suitable models, which will provide you with an independent view, eg for audits of change activities.
Information consistency
P3O is the central control point of the organization. "Single source of truth" to ensure consistent reporting.
Transparency
Improving accountability and transparency within projects and programs, but also within their relationship to portfolio management.
Improved risk management
Identifying and facilitating the management of strategic risks and open points (eg critical dependencies between projects).
Stakeholders
Better management of relationships with key stakeholders. You can configure the most appropriate, adequate structures of roles and competencies.
Benefit management
P3O supports continuous systematic management of benefits incl. retrospective review of benefits. You can react in time to changes and stop or change, for example, a project.
More about the benefits in P3O intro:
Trainer
Eduard Pitka
Project & Program & Portfolio Auditor & Lead Trainer
Author of many practical materials and templates for these and other methodologies from the Best Management Practice portfolio - Axelos, awarded EXIN Platinum Partner!
- 2018 - P3M3 Assesor
- 2014 - MoP Approved Trainer
- 2010 - PRINCE2, MSP Approved Trainer
- 2007 - Senior Project Manager / Consultant
