novare consulting explain p3m3

www.novareconsulting.com

Copyright Novare Consulting

Novare ConsultingP3M3

Sponsored by AXELOS and APMG


Our Certifications

Certified by leading, internationally-recognised professional bodies to provide consultancy, training, coaching and mentoring



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


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?


Projects Programmes and Portfolios

What does good look like for each of these 3 levels?


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?


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?


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?


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


Levels Of P3M3 Maturity


P3M3 Model & 7 Perspectives

Seven Perspectives


The P3M3 PerspectivesManagement control

Benefits management

Financial management

Stakeholder engagement

Risk management

Organizational governance

Resource management


Overall Assessment• Each perspective• Each Level• Assessed across multiple

examples• Against P3M3 guidelines


But Organisations are Different!

Our P3M3 Assessments consider the context of the organisation


P3M3 Consultants Use Threads To Assess Each Perspective

ASSET MANAGEMENT ASSURANCE BEHAVIOURS

COMMERCIAL(PROCUREMENT)

COMMERCIAL(SELLING)

INFORMATION & KNOWLEDGE

MANAGEMENTINFRASTRUCTURE

& TOOLSMODEL

INTEGRATION

ORGANIZATION PLANNING PROCESS STANDARDS

TECHNIQUESOptional Threads


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

reporting Our detailed P3M3 assessments explore and report on these attributes


P3M3 Assessment Scope

P3M3 Assessments triangulate information from a number of sources


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


Example Portfolio Level Maturity – Organisational Governance


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


Novare ConsultingBooths Hall

Chelford RoadKnutsford Cheshire

WA16 8GS

[email protected]


T: 0161 926 1840F: 0161 926 1844

We hope that you enjoyed the workshop

Novare ConsultingBooths Hall

Chelford RoadKnutsford Cheshire

WA16 8GS

[email protected]


T: 0161 926 1840F: 0161 926 1844