Novare Consulting are an Accredited Consultancy Partner for AXELOS. P3M3 is the world class Portfolio, Programme and Project Management Maturity Model used to support organizations who wish to improve their track record for delivering successful change. Please read the slides to find out more, and contact us to enquire how we can help you

1. www.novareconsulting.com
Copyright Novare Consulting
Novare Consulting
P3M3
Sponsored by AXELOS and APMG

2. www.novareconsulting.com
Our Certifications
Certified by leading, internationally-recognised professional bodies to
provide consultancy, training, coaching and mentoring
www.novareconsulting.com

3. www.novareconsulting.com
P3M3® is a trademark of AXELOS Limited, used under permission of AXELOS. All rights reserved.
Topics
 What does good look like?
 What is P3M3?
 P3M3 Approach
 Undertaking a P3M3
Assessment
 Results and
Recommendations
Project, Programme and Portfolio Management Maturity
Model

4. www.novareconsulting.com
The Challenge
• Delivering a complex range of challenging
projects and programmes as part of a
portfolio
• Not all of them succeed
• Desire to measure the maturity of
approach to portfolio, programme and
project management
• Using an impartial and independent
approach to assess management maturity
• To secure recommended actions to
strengthen performance
How can we
improve our
PPM
performance?

5. www.novareconsulting.com
Projects Programmes and Portfolios
What does good look like for each of these 3 levels?

6. www.novareconsulting.com
What Do Good Projects Look Like?
• On time delivery?
• On budget delivery?
• No quality issues?
• Benefits realised?
• Scope delivered including
approved changes?
• Risks managed so no
issues?

7. www.novareconsulting.com
What Do Good Programmes Look Like?
How do you measure what
good programmes look like?
• All projects successful?
• Stakeholders satisfied?
• Overall programme’s future
state realised?
• Strategic objectives
achieved?
• Business performance
improved?
• Transformation achieved?
• Benefits realised?

8. www.novareconsulting.com
What Do Good Portfolios Look Like?
How do you measure what good
portfolios look like?
• Well chosen projects and
programmes?
• Balanced prioritisation of resources?
• Organisation’s stakeholders satisfied?
• Projects and Programmes stopped
when no longer adding value?
• Change balanced with business as
usual?
• Delivered within risk appetite of
organisation?

9. www.novareconsulting.com
Purpose of Maturity Models
• Assess maturity of projects,
programmes or portfolios to
improve performance
• Measure against 1 or more of
the perspectives to identify
areas to improve
• Outputs provide an
assessment of the
organization’s strengths &
weaknesses and a rating
against an international
standard
• This information can be used
to build an improvement plan
P3M3

10. www.novareconsulting.com
Levels Of P3M3 Maturity

11. www.novareconsulting.com
P3M3 Model & 7 Perspectives
Seven Perspectives

12. www.novareconsulting.com
The P3M3 Perspectives
Management control
Benefits management
Financial management
Stakeholder engagement
Risk management
Organizational governance
Resource management

13. www.novareconsulting.com
Overall Assessment
• Each perspective
• Each Level
• Assessed across multiple
examples
• Against P3M3 guidelines

14. www.novareconsulting.com
But Organisations are Different!
Our P3M3 Assessments consider the context of the
organisation

15. www.novareconsulting.com
P3M3 Consultants Use Threads To Assess Each
Perspective
ASSET
MANAGEMENT
ASSURANCE BEHAVIOURS
COMMERCIAL
(PROCUREMENT)
COMMERCIAL
(SELLING)
INFORMATION &
KNOWLEDGE
MANAGEMENT
INFRASTRUCTURE
& TOOLS
MODEL
INTEGRATION
ORGANIZATION PLANNING PROCESS STANDARDS
TECHNIQUES
Optional Threads

16. www.novareconsulting.com
Example: Resource Management Attributes
• Resource identification and analysis
• Resource planning
• Resource management expertise is
available to support project teams
• Capacity and demand management
• Resource profiling
• Resource frameworks/recruitment
• Defined sets of responsibilities for each
role
• Resource utilization and performance
reportingOur detailed P3M3 assessments explore and report on
these attributes

17. www.novareconsulting.com
P3M3 Assessment Scope
P3M3 Assessments triangulate information from a
number of sources

18. www.novareconsulting.com
Typical Assessment Approach
• Scoping Workshop
• Assessment Workshops to discuss SWOT
• Assessment plan and schedule
• Review processes and documents
• Interview relevant personnel including
governance
• Compile report and scoring of
assessment
• Prepare Improvement Plan
• Report back to key stakeholders
Conducted by experienced Novare Consulting
practitioners

19. www.novareconsulting.com
Example Portfolio Level Maturity – Organisational
Governance

20. www.novareconsulting.com
Recommendations and Change
• Recommendations create the need for
change
• Create a realistic future state in terms of
maturity
• Engage with stakeholders to develop a
plan and agree the benefits
• Deliver some quick wins and sustain the
momentum
• Typically takes 12-18 months to move up
a level
Novare Consulting core services are aimed at improving
PPM performance

21. www.novareconsulting.com

22. www.novareconsulting.com
Novare Consulting
Booths Hall
Chelford Road
Knutsford Cheshire
WA16 8GS
training@novareconsulting.com
www.novareconsulting.com
T: 0161 926 1840
F: 0161 926 1844
We hope that you enjoyed the workshop
Novare Consulting
Booths Hall
Chelford Road
Knutsford Cheshire
WA16 8GS
training@novareconsulting.com
www.novareconsulting.com
T: 0161 926 1840
F: 0161 926 1844