Portfolio, Programme and Project Audit
Portfolio, programme and project maturity audits can be completed using P3M self-assessment or tailored tools. Inexpensive tools provide high level insight into PPM processes and procedures, reporting on a five point CMMI scale
- Quantitatively Managed
Most maturity models use this scale, although few focus upon overall system capability that this idea implies.
The use of tailored Maturity Assessment tools and independent facilitation of assessments can address this concern, and reduce the risk of optimism bias at the same time. This provides a stronger foundation for more effective P3M Maturity Improvement Plans and implementation actions; these drive performance improvement.
Project Management Self-Assessment
Self-assessment is a natural first step on the journey to self- improvement on projects. But selecting the correct project management maturity model assessment tool, capturing results, scoring and interpretation, action planning and implementation of change is better done with advice from a Registered Consultant, to avoid optimism bias when scoring or planning next steps. Get insights into the most effective use of project management maturity model, identifying how and where self-assessment adds most value, and when cost effective advice will add most to project improvement.
Quick Assessment Tool
Project Management Maturity Index
The most rigorous way to follow-on a P3M assessment, is to use a Maturity Index. Your registered PPM consultant will undertake staff interviews using structured questionnaires to identify current maturity levels, cross-checking data to PPM processes, documents and capabilities.
The major benefits of the Maturity Index are:
• To identify the gap between current and right PPM practice, and setting realistic PPM objectives
• To highlight considerable PMO savings, stripping out nugatory effort, to create the capacity to change.
• To re-direct effort only into PPM practices which are predicted to improve Project Maturity.
Your PPM consultant will not only provide results quickly and cost-effectively; a Maturity Improvement Timeline will also be created, detailing next steps to raise PPM Maturity and meet business objectives. If you need to prove reducing risk, or a drive for better PPM productivity, an independent Maturity Index re-assessment will give confidence to investors.
The Maturity Index will also give visibility of the effectiveness of current project controls, relative to your project complexity; so you need only invest in PPM practices which will make a real difference to business objectives.
• The right level of maturity for your organization’s projects profile and challenges;
• Ensure projects and programmes are aligned to strategy, and PPM capability to complexity.
• Which PPM improvements will deliver the best value for money?
Organisations are implementing their transformations using P3M audit and improvement approaches to Projects, Portfolios and Programmes. P3M uses the concept of a maturing organisation to identify unfilled gaps and standards. The capability of an organisation is largely down to the adjustments and improvements it is able to make in simplifying and integrating its approach to P3M.
How can P3M Workshops improve performance?
The Maturity Model is most commonly used by Portfolio Directors, Head of Programme/Project offices, and Programme Managers as a tool to improve the capability of project teams, by identifying the suitability of a Programme and Project environments and the Governance surrounding it.
The purpose of P3M Workshops
The P3M 1 or 2 day workshops will show individuals how to use the Self-Assessment, Consultant Assessment or the Maturity Index Tools. The P3M’s primary objective is to understand strengths and weaknesses of your current approach to project management and then to improve performance in key areas which will impact project success.
The workshop provides candidates with:
- A method of creating a self-assessment.
- A framework used for planning.
- A clear framework used for measuring improvement.
At the end of the workshop, attendees can:
- Understand the purpose of maturity modelling.
- Identify the five levels of maturity and how P3M is structured.
- Undertake a self-assessment using check-lists that are provided.
- Understand how the 4 step framework links to the Maturity Model.
- Initiate a process improvement plan by using P3M.
- Have a strong knowledge of the benefits that come from using a maturity model.
Benefits of the workshop
- Learn how to upgrade Project performance using P3M.
- Identify how to prioritise investment decisions by using P3M building on personal strengths and addressing weak-points using P3M.
- Understand how P3M can help extend your training budget by choosing priority areas for development.
- Identify project tools which can benefit your organisation, at identified P3M levels.