Discover your organisation's Project, Programme, and Portfolio Management maturity. An assessment based on P3M3 developed by Profeo Ltd., Zurich, Switzerland.
8. P3M3 Maturity levels The organization assesses its capacity to manage programmes and projects and prioritize them accordingly. Level % of Organisations Project Management Programme Management Portfolio Management 5 2% Undertake continuous process improvement with proactive problem and technology management. 4 4% Obtain and retain specific management metrics on its management performance and run a quality management organization to better predict and control future performance. 3 9% Have its own portfolio management process and centrally controlled programme and project processes with individual programmes and projects being able to flex within these processes. 2 85% Ensure that each programme and/or project in its portfolio is run with its own processes and procedures to a minimum specified standard. (There may be limited consistency or coordination). 1 Recognize projects and run Them differently from ongoing business. (Projects may be running informally with no standard processes or tracking system). Recognize programmes and run them differently from projects. (Programmes may be running informally with no standard processes or tracking system). Have an Executive Board that recognizes programmes and projects and maintains a list, without perhaps a formal tracking mechanism and documented process. 85%
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10. P3M3 Key Aspects Governance looks at how the delivery of projects is aligned to the strategic direction of the organisation. It considers how start-up and closure controls are applied to projects and how alignment is maintained during a project’s lifecycle. This differs from management control, which views how control of a project is maintained internally. Governance Perspective Description Management Control Management Control covers how the direction of travel is maintained throughout the project’s lifecycle, with appropriate break points to enable it to be stopped or redirected by a project board (or equivalent) if necessary. Benefits Management Benefits management is the process that ensures that the desired business change outcomes have been clearly defined are measurable and are ultimately delivered through a structured approach and with full organisational ownership. Stakeholder Management Stakeholder management includes communications planning, the effective identification and use of different communications channels, and techniques to enable the project’s objectives to be achieved. Risk Management Risk Management is the process to systematically identify and manage opportunities and threats. Finance Management Finance is an essential resource that should be a key focus for initiating and controlling projects. Financial management ensures that the likely costs of the project are captured and evaluated within a formal business case and that costs are categorised and managed over the investment life cycle. Resource Management Resource management covers management of all types of resources required for delivery. These include human resources, buildings, equipment, supplies, information, tools and supporting teams.
11. Example: Maturity Level of Benefits Management within Projects PjM3 – Benefits Management Level 1 There is some recognition that the concept of benefits can be differentiated from project outputs. PjM3 – Benefits Management Level 2 Benefits are recognized as an element within project business cases. There may be some documentation regarding who is responsible for particular benefits and their realization, but this is unlikely to be followed through or consistent. PjM3 – Benefits Management Level 3 There is a centrally managed and consistent framework for defining and tracking the realization of benefits arising from project outputs. PjM3 – Benefits Management Level 4 Benefits management is embedded within the project management approach and there is a focus on delivery of business performance from project outputs. Project performance metrics are collected and analyzed. PjM3 – Benefits Management Level 5 Benefits management is embedded within the organizational approach to change and is assessed as part of the development of organizational strategy. Business performance metrics are linked to, and underpin, the recognition of benefits realization. There is evidence of continual improvement.
12. Profeo‘s Assessments On-line Survey Discovery Assessment Diagnostic Assessment Certification Assessment Purpose Benchmarking, maturity level Benchmarking, maturity level, potential areas for improvement Identify sources & improvement plan Certificate Resource requirements from 12 to 200 (internal staff) 4 interview partners Minimum 9 interview partners + 200 for on-line survey Minimum 9 interview partners Duration Client preference 2 - 3 weeks 4 - 6 weeks 4 – 6 weeks Consultant lead Authorised consultant Benefit Snap shot of actual capabilities. Benchmark against companies of same industry A discovery of capabilites. Identifcation of areas to focus on for improvement Diagnose reasons for weaknesses in order to define measurements for improvement To assess an organisation’s maturity level in order to award a certificate for the level achieved
13. Investment (€) and add-ons > 30,000 Certification Assessment > 30,000 Diagnostic Assessment 795 6,450 Additional organisational unit 795 1,950 Online Assessment 6,450 6,950 Discovery Assessment Additional model 1 Model within 1 organisational unit Assessment