What is P3O?
The fact that in today’s world all organizations (commercial and public) have to implement and maintain the ability to effectively introduce business changes creates an evident challenge.
P3O is a guidance for building or re-vitalizing organizational units that provide support for projects, programmes and portfolios. Usually they are called Project Offices, Programme Offices or Portfolio Offices.
The P3O services can be delivered by way of a single, constant office or alternatively by way of a series of constant offices interconnected with each other (supporting senior management in the consistent realisation of strategic goals and goals of opportunity – which support specific programmes and projects).
More about P3O
The strategy of a company can be based on maintaining normal business operations (ie. ‘business as usual’) or could be about frequent business changes (innovations, enhancements etc.). To bring in smaller changes all that’s required is a project minded approach, such as that of the PRINCE2 methodology. Larger changes and transformations should be treated as a programme and managed by way of MSP methodology. In order to ensure proper governance in the field of business change there needs to be a management level that brings together the management of all change initiatives (programme and project). MoP – Management of Portfolios is one appropriate guide for this. All these methods and guides, together with the art of risk management (ex. M_o_R – Management of Risk) or knowledge management, can help embed the appropriate elements of governance in an organization as shown in the diagram below:
Training and familiarization of all this methodology and all these guides is an imperative condition of creating governance in an organization, but still isn’t enough. Governance must be established and this is the responsibility of the managers of the organization. “Responsibility” doesn’t necessarily mean that the manager has to do the work personally. The manager can assign this work to someone who will establish and help maintain governance. All guides and methodology related to business change teach the implementation of business change, including how business change is incorporated into the organization and how the targeted organization provides mutual support throughout the change process. This support can be offered by the P3O: Portfolio, Programme and Project Offices.
The purpose of the P3O is to provide guidance universally applicable to all manner of organizations - smaller and larger, consolidated or stretched out geographically - and establishes a support structure that will facilitate:
P3O delivers, among others:
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We run accredited training and offer certification in the area of project management, program and portfolio management, risk management and IT services management. Our PRINCE2®, MSP®, P3O®, MoP®, M_o_R®, ITIL®, Agile Project Management and Agile Business Analysis training is accredited by APMG-International and Peoplecert. We're a PMI Global Registered Education Provider. We cooperate with International Projects Management Association.
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