What is P3O?
Project, Programme and Portfolio Office (P3O) is the latest guidance from OGC. A P3O model provides a decision enabling/delivery support structure for all change within an organisation. This may be provided through a single permanent office which may exist under several different names e.g., Portfolio Office, Centre of Excellence, Enterprise or Corporate Programme Office, Project Management Office (PMO) or Project Support. It may otherwise be provided through a linked set of offices (portfolio office, programme offices, project offices), both permanent (enabling / supporting business objectives and consistency of delivery) and temporary (enabling / supporting specific programmes and projects), providing a mix of central and localised services.
Having an effective P3O model will provide an organisation with decision enabling information as well as structures for delivering change. The relatively new guidance for P3O has been constructed by the Office of Government Commerce (UK) which pools together all current information on support offices for projects, programs and portfolios. It also explains how benefits are achieved from efficient P3O offices, how to establish a new temporary or permanent or revitalise an existing office, describes the functions and tools that may be useful in the context of current organisational maturity, and how to operate multiple support offices in the same organisation.
There are many kinds of support offices ranging from those termed 'Project Management Offices' in the PMBoK, 'Project Support' in PRINCE2 and 'Programme Offices' in MSP, through to complex 'Portfolio Offices' and 'Centres of Excellence' managing an organisation’s overall delivery of change initiatives. The aim of P3O is to provide a single point of reference for setting up and running effective delivery support in any kind of organisation in an environment aligned with best practice approaches.
This is an examination based course which leads to P3O accreditation at Practitioner Level. The course equips delegates with a detailed knowledge of the P3O framework including guidance on models, roles, tools and techniques, establishment of a new P3O model or rejuvenation of existing P3Os, then provides delegates with an opportunity to apply this knowledge.
Course objectives
• Understand P3O’s guidance, extending your experience and knowledge of portfolio, programme and project offices
• Provide delegates with an opportunity to practise the application of the P3O framework to a real life scenario
• Gain an advanced P3O qualification
Prerequisites
There are no prerequisites for the course, however candidates for the Practitioner exam must have passed the Foundation level.
The Foundation part of the course is 3 days. The Practitioner is 2 days. Most people sit the course as a 5 day block to benefit from rmaining in an intensive learning environment.
Who should attend?
This event is suitable for any individual who desires to perform as an informed member of the P3O, including:
• Staff working in Portfolio, Program or Project Offices, or Centres of Excellence
• Project and Program Managers
• Managers seeking to establish or rejuvenate Portfolio, Program or Project Offices
• Portfolio Analysts
• Business Change Managers.
Course Structure
Topics covered include:
• What is the value of having a P3O?
• What forms could a P3O take?
• What services or functions should be offered?
• How should we set up and operate a P3O model?
The course also includes:
• Practical application exercises
• Exam Preparation
• Comprehensive coursework useful as a reference guide on return to the office
Foundation Exam
The P3O Foundation Exam is designed to test basic knowledge of P3O concepts.
It is a 40 minute closed book exam with 50 questions in classical multiple choice format. The participant must score 60% or more of the available marks to pass the exam.
Practitioner Exam
The P3O Practitioner Exam is designed to test candidates’ ability to apply P3O concepts.
The Practitioner exam is an objective testing style paper. The paper consists of 7 questions with a total of 70 marks available to be completed within 2 1/4 hours. Candidates need to achieve a mark of 35 or more to pass the paper, and may only take the P3O Guide into the exam room for reference during the exam.
ue management is one of the most powerful management tools available. It has particular application where improvement of productivity, service or quality performance is vital and when time or resources are limited. Its focus on "required function" enables decision makers to channel their efforts on the issues and factors that have the most direct impact on outcomes.
MoV is an acronym of Management of Value. MoV provides a set of universally applicable guidance to enhance and maximise value for organisations. It provides a set of principles, processes and techniques to enhance and deliver best value for product or process owners and end users alike.
When running portfolios, programmes and projects (P3), the key objectives are to deliver the expected outcomes in full, resulting in the expected realisation of benefits. However, this cannot be allowed to occur at any cost. The resources needed to achieve the desired results must be used as widely as possible.
MoV is all about maximising value in line with P3 objectives. It captures key stakeholder requirements for what products or services should do rather than what they are, then develops solution designs that optimise value.
MoV focuses on improving benefits and reducing expenditure to speed up delivery without impacting essential project scope or service quality. It is not simply about minimising costs.
Value management is essential to effective strategy and policy development and delivery via portfolios, programmes and projects, as well as service reviews or product redesigns delivered via continual improvement processes. Therefore MoV is vital in both Business as Usual and P3 environments, providing an audit trail of how optimum value has been achieved.
Goal Group is an APMG Accredited Training Organisation – so you can be confident that the courses we deliver conform to the highest standards of MoV training. All of our MoV courses are based on the latest version of the syllabus.
