P3M3 ASSESSMENT, PROJECT HEALTH CHECKS AND DIAGNOSTICS
Our experiences include numerous project management health checks and diagnostics across varying sectors. These can be short, focussed assignments that provide key insights. Alternatively, we are equipped to conduct more extensive ‘deep-dive’ assessments and reviews.
What is p3m3?
The Portfolio, Programme & Project Management Maturity Model (P3M3) is a strategic tool, used by organisations to:
- Better understand existing competence and capability
- Demonstrate capability through certification
- Pinpoint where investment is needed
- Demonstrate credibility against an internationally accepted standard
As an official consulting partner with Axelos, global best practice, Annovista is accredited to conduct a certified P3M3 assessment. A P3M3 assessment analyses various ‘perspectives’ of organisational performance. The assessment has significant credibility as it is based on the CMMI’s globally acknowledged model for assessing organisational maturity. Firstly, the P3M3 assessment covers key dimensions such as people, process, information and tools. Secondly, the P3M3 report provides a maturity score for each perspective under review using the following levels of maturity:
- Awareness of process
- Repeatable delivery
- Consistent delivery
- Managed delivery
- Optimised delivery
Maturity assessments, health checks and diagnostic reviews provide crucial insights into organisational performance. Our experienced consultants have all conducted health checks, diagnostics or maturity assessments. The outcomes from these approaches do help organisations understand more about what is going on by illuminating current practice. All our diagnostic work results in clearly prioritised recommendations in a report, together with practical suggestions on how to further develop and grow. We have witnessed the growth in project and programme development as a direct result of the findings from health checks and diagnostic assessments. To find out more about our health checks, diagnostics and maturity assessments, contact us.
WHAT ARE THE BENEFITS OF A P3M3 ASSESSMENT?
So why have a P3M3 assessment? Each organisation we work with has a specific reason for conducting a P3M3 assessment. Whatever the driver, the P3M3 model assessment produces a clear action plan identifying and prioritising the changes that will enable your organisation to improve. This plan is tailored according to your current situation and context to ensure it is realistic. The creation of an action plan also helps to set expectations around the timing and sequence of development activities. The principle benefits a P3M3 provides are:
- Sets a benchmark against an internationally established standard
- Enables a developmental pathway to be established
- Improved schedule and budget predictability
- Improved rigour of project, programme and portfolio investment decisions
- Increased return on investment
- Enhanced customer satisfaction
- An adaptable approach, tailored to the specifics of your organisation
- Increased confidence in project, programme and portfolio performance.
- Draws on internal and external perspectives to provide a balanced and contextualised report
P3M3 for benchmarking
P3M3 provides a benchmark of performance, which is useful in numerous contexts. For example, procurement teams assessing tenders and bids. Since you can gain P3M3 certification, this enables organisations to demonstrate, with confidence, their current level of capability and competence. Procurement professionals place greater weighting on organisational certification rather than individual certification.
Many organisations are keen to understand performance before and after development activity. Given that P3M3 is a rigorous approach, future assessments can be undertaken to objectively assess progress made. For example, an organisation may have moved up a level in maturity from level 2 to 3.
The specific insights stemming from P3M3 benchmarking activity can also serve as an important investment decision-making tool. For example, we have come across numerous organisations who were intending to invest in general project management training for staff, but post-analysis was better equipped to understand exactly where and how investment in particular aspects of project performance should be made.
P3M3 can also be used to understand the results from:
- Organisational restructure
- Training initiatives
- The rollout of new tools and techniques
- Organisational changes in roles and responsibilities
- Mergers & acquisitions
- Establishment of PMOs
- Changes in governance
No single approach is going to suit every organisation. That’s why we have a range of diagnostic tools and assessments to help teams and team members better understand their performance. This illuminates team dynamics and enables teams to understand more about themselves. In turn, the necessary work to improve the mood, increase performance and achieve greater things can be achieved.
PROJECT, PROGRAMME, PORTFOLIO COACHING
Our consultants and coaches can support your teams wherever you are on your journey toward improving performance. Find out more about our coaching services here.