P3M3 Certification: Portfolio, Program and Project Management Maturity Model
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P3M3 Certification: Portfolio, Program and Project Management Maturity Model Course
Introduction:
Organizations continually strive to identify and leverage competitive and performance advantages from improved efficiency and delivery, due to the increase in the rate of change in today’s business environment. With that, best practices continue to evolve as the understanding of what makes organizations perform well increases. In many industries, like the IT sector, for instance, management models have grown in importance to become the basis of assessing organizational capability and identifying opportunities for progress. The Portfolio, Programme, and Project Management Maturity Model (P3M3®) is a maturity model that measures an organization’s capability about its portfolio, program, and project management practices. This measurement is expressed as a ‘maturity level’ that indicates an organization’s current capability in these practices.
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 investments in capability improvement
- Enjoy the benefits of better predictability of outcomes 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
