• To understand the key practices that are part of effective portfolio, programme and project management processes.
• Within portfolios, programmes and projects, there now exists the opportunity to assess 7 essential components, known as Process Perspectives.
• To identify the key practices that must be embedded within the organisation to achieve the next maturity level.
• To understand and improve their capability to manage programmes and projects more effectively in the future.

The levels described within the P3M3 indicate how key process areas can be structured hierarchically to provide transition states for an organisation wishing to set realistic and sensible goals for improvement. The levels facilitate organisational transitions from an immature state to become a mature and capable organisation able to handle initiatives based on a standardized, defined process - in line with specific business need.

The five structured levels for maturity are:

• Level 1: Awareness of Process
• Level 2: Repeatable Process
• Level 3: Defined Process
• Level 4: Managed Process
• Level 5: Optimised Process.

The P3M3 contains three models that enable independent assessment. There are no interdependencies between the models, so an organisation may be better at programme management than it is at project management, for example. The models are:

• Portfolio Management (PfM3)
• Program Management (PgM3)
• Project Management (PjM3)

Structure of P3M3

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