P3O

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P3O

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P3O® books

1 Title/current version of P3O® books
P3O® (Portfolio, Programme and Project Offices)

2 The basics of P3O® books
P3O® (Portfolio, Programme and Project Offices) is a decision
enabling/delivery-support model for all business change within
an organization, typically providing support through a Portfolio
Office, a Programme Management Office, a Project Support
Office or any combination of these delivery support functions.

3 Summary of P3O® books
P3O (Portfolio, Programme and Project Offices) was first
published in 2008 and is now owned by Axelos.

P3O offers guidance for setting up and running support offices,
for all levels of change within an organization. It offers advice
to organizations on current best practice thinking about what
previously was referred to as PSO (Programme or Project
Support Office) or PMO (Programme or Project Management
Office).

The main functions of a P3O/ PMO in an organization are to
facilitate:
• Informing senior management’s decision-making on
prioritization, risk management and development of resources
across the organization to successfully deliver their business
objectives (portfolio management)
• Identification and realization of outcomes and benefits
through programmes and projects
• Delivery of programmes and projects within time, cost,
quality and other organizational constraints

As a decision-enabling/delivery support model, P3O may be
a single permanent office, e.g. Portfolio Office (strategically
focused), a Strategy or Business Planning Unit, a Centre of
Excellence, or an Enterprise/Corporate Programme Office.
It may also be a linked set of offices e.g. Portfolio Office,
Programme Offices and Project Offices; or it may be a permanent
or temporary mix of central and localized services.

p3o

4 P3O® books target audience
Portfolio managers, senior managers, programme directors,
consultants, portfolio-, programme- or project- office managers
who are involved in, or responsible for, optimizing, developing
or re-energizing the organizational decision process to translate
business strategy effectively into concrete actions, programmes
or projects.

5 Scope and constraints of P3O® books 
The scope of the method is the support structures and processes
around strategic change initiatives and their delivery via
programmes and projects within organizations.

P3O is part of the Best Management Practice methods owned by
Axelos. This means it is fully aligned with PRINCE2®, MSP™
and MoP®.

The P3O guidance claims that the method can significantly
increase an organization’s chances of successfully delivering
its strategy, reducing the number of benefi ts not delivered and
delivering programmes and projects more cost effectively. The
approach is fairly new and not yet widely adopted.

6 Relevant website of P3O® books
www.axelos.com

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