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Maturity Models

Overview of P3M3
P3M3 is an overarching model (Figure 1) containing three individual models:
  • Portfolio Management Maturity Model (PfM3)
  • Program Management Maturity Model (PgM3)
  • Project Management Maturity Model (PjM3)

Background
The Office of Government Commerce (OGC), owner of P3M3, is an office of Her Majesty’s Treasury within the UK government and is responsible for improving value for money by driving up standards and capability in public sector procurement. It achieves this through policy and process guidance, helping organizations to improve their efficiency and deliver successfully.

P3M3 originated as an enhancement to OGC’s Project Management Maturity Model, which in turn was based on the process maturity framework that evolved into the (now superseded) Capability Maturity Model (CMM)®, developed by the Software Engineering Institute (SEI) in the United States. This was a descriptive reference model to provide organizations with more effective guidance in establishing process

Although connected, there are no inter-dependencies between these models, which allows for independent assessment in any of the specific disciplines. For example, an organization’s program management capabilities may be more evolved than its project management capabilities, so the project management model can be used as a stand-alone tool when looking to improve that area.

Maturity Levels
P3M3 uses a five-level maturity framework and the five Maturity Levels are:
Level 1 – Awareness of process
Level 2 – Repeatable process
Level 3 – Defined process
Level 4 – Managed process
Level 5 – Optimized process

These levels comprise the structural components of P3M3 and are characterized as shown in the table below. They are consistent with the original P3M3 model and its predecessor, the Project Management Maturity Model.

Process Perspectives
P3M3 focuses on the following seven Process Perspectives, which exist in all three models and can be assessed at all five Maturity Levels.
  • Management Control
  • Benefits Management
  • Financial Management
  • Stakeholder Engagement
  • Risk Management
  • Organizational Governance
  • Resource Management

The flexibility of P3M3 allows organizations to review all seven Process Perspectives across all three models – portfolio, program and project management – but they can also review just one (or several) of the Process Perspectives, whether across all three models or across only one or two of them. This can be useful to gain a better understanding of an organization’s overall effectiveness in, for example, risk management or resource management.