What is P3O?
A P3O model provides a decision enabling/delivery support structure for all change within an organisation. This may be provided through a single permanent office which may exist under several different names e.g., Portfolio Office, Centre of Excellence, Enterprise or Corporate Programme Office, PSO or PMO. It may otherwise be provided through a linked set of offices (portfolio office, programme offices, project offices), both permanent (enabling/supporting business objectives and consistency of delivery) and temporary (enabling/supporting specific programmes and projects), providing a mix of central and localised services.
While OGC's PRINCE2, Managing Successful Programmes, and Management of Risk all touch on the need to provide adequate support structures for these best practices, P3O provides a single source of information for organisations or individuals requiring guidance or advice on setting up or running an effective delivery support office in alignment with OGC's Best Practice guidance.
Purpose
The purpose of the Portfolio, Programme and Project Offices (P3O) guidance is to provide universally applicable guidance that will enable individuals and organisations to successfully establish, develop and maintain appropriate business support structures to allow:
- Informed senior management decision making on strategic alignment, prioritisation, risk management, optimisation of resource etc to successfully deliver their business objectives (portfolio management).
- Identification and realisation of business outcomes and benefits via programmes.
- Successful delivery of project outputs that enable benefits within time, cost and quality restraints.
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