P3M3 ®* - The Portfolio, Programme and Project Management Maturity Model
P3M3 ® was developed by the Office of Government Commerce (OGC) in 2006 and is currently in its second release. P3M3 has become a key standard amongst maturity models, providing a framework with which organizations can assess their current performance and put in place improvement plans with measurable outcomes based on industry best practice.
P3M3 enables the assessment of three areas (models):
- Portfolio Management Maturity Model (PfM3)
- Programme Management Maturity Model (PgM3)
- Project Management Maturity Model (PjM3)
P3M3 is based on the (now superseded by CMMIU(r) Capability Maturity Model (CMM)®, developed by the Software Engineering Institute (SEI) in the United States and follows the same five-level maturity framework:
- Aware (chaotic, ad hoc, heroic) - the starting point for use of a new process.
- Repeatable (process discipline) - the process is used repeatedly.
- Defined (embedded) - the process is defined/confirmed as a standard business process.
- Managed (quantified) - process management and measurement takes place.
- Optimised (process improvement) - deliberate process optimisation/improvement.
Significance of levels in a project world
* P3M3 ® is a Registered Trade Mark and a Registered Community Trade Mark of the Office of Government Commerce, and is Registered in the U.S. Patent and Trademark Office.
* P3M3 ® is a Registered Trade Mark and a Registered Community Trade Mark of the Office of Government Commerce, and is Registered in the U.S. Patent and Trademark Office.
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