Understanding P3M3 Assessments - P3 Practices
Understanding P3M3 AssessmentsThe Portfolio, Programme, and Project Management Maturity Model (P3M3)provides a framework for organizations to assess and benchmark their currentperformance and effectively develop plans for improvement.P3M3 allows an assessment of the processes employed, the competencies ofpeople, the tools deployed and the management information used to manage anddeliver improvements. This allows organizations to determine their strengths andweaknesses in delivering change.There are three maturity models and these can be used separately to focus onspecific areas of the business or more generally to help organisations assess therelationship between their (1) portfolios, (2) programmes and (3) projects. Thereare no interdependencies between the models so an assessment may be againstone, two or all of them.During 2015 AXELOS, the owner of the P3M3 standard, implemented a majorreview of the models based on the experience of assessments which had beenconducted over the previous 5 years. The result is a streamlined set of toolsmade available only to Accredited Consulting Partners and a far less intrusiveexamination of organisations. A lot more emphasis is put on desk exercises withinterviews of some key personnel held only after this understanding has beengained. There are fewer interviews and they are more targeted. Theassessments are fully compatible with previous assessments and anyimprovements or backsliding will be apparent with the new tools.There are 5 Levels with the new tool also recognising a sub-Level 1 as 0. The 5levels are:1.2.3.4.5.Awareness of processRepeatable processDefined processManaged processOptimised process 1300 880 361 @admin@p3practices.com.au 70 Gugeri Street, Claremont WA 6010, Australia www. p3practices.com.auPerth-Melbourne-Canberra
Page 2Few organisations reach Levels 4 or 5 and it may not be cost-effective to do so.Depending on the objectives of the organisation, target levels should be identifiedfor each of the seven perspectives which make up the 3 models.7 Perspectives3 ModelsBenefits ManagementPortfolio Management Maturity ModelFinance ManagementProgramme Management Maturity ModelManagement ControlProject Management Maturity ModelOrganisational GovernanceRisk ManagementResource ManagementStakeholder ManagementLevels can be assessed for a whole model or a perspective within a model (Forexample, Benefits Management within Project Management.)The types of assessment and indicative costs from P3 Practices Pty Ltd are listedin the following tables.Self-AssessmentsStandardEnhancedFree from AXELOS website. Providesballpark estimate of maturity based onclient’s own evaluation.Includes the functionality of the StandardSelf-assessment, but with the importantadditions of a results tracker andbenchmarking capability. Subscribers tothe Enhanced Self-assessment willreceive more detailed information abouttheir results, allowing users to fullyassess and understand in greater detailtheir maturity. Note that your results arerecorded and saved and used forbaselining purposes.Table1: Types of P3M3 Self- AssessmentsApprox 0 300.00(purchase from tsoshop.co.uk)
Page 3(Independent) ACP AssessmentsPartialOne, several but not all perspectives in amodelFull assessment SimpleAn independent, evidence-basedassessment carried out by an AXELOSConsulting Partner and covering allperspectives within a model. Results will beprovided in a brief report. Limited analysisand no guidance on capabilityimprovements.Full assessment DiagnosticA type of full assessment used to gain amore in-depth understanding oforganizational practices, typically used asinput to an improvement plan. A moreanalytical report is provided.CertificationAssessmentA Full Assessment where evidence issupplied to AXELOS for verification andcertification.Indicative CostDepends on # ofperspectives to beexamined 8,000 21,000per model depending onsize of organization andscopeIn addition to applicablefee above there will be anAXELOS Fee of 1,850 for3 years PLUS annual ACPreview of approximately 5,000 per model perannumTable2: Types of P3M3 Independent AssessmentsThe cost is finalised when the Terms of Reference for the assessment areagreed. Specifically, the organisation will need to be defined, the number ofcurrent initiatives assessed, the models selected and the type of assessmentdetermined. An organisation may be a large, dispersed Department, an Agency,a Division or conceivably a Branch. For project management assessments, theorganisation could even be the programme to which the project belongs.When contemplating an independent assessment from an AXELOS partner it isuseful if a standard self-assessment is conducted immediately prior to theindependent assessment. If done objectively, this will be indicative of the resultand will provide a sound basis for discussion if the results of the independentassessment diverge too radically.A generic model for the conduct of assessments is given on the next page. It willbe apparent from this that the P3M3 consultant will need to work closely with theclient organisation to source the relevant documentation and to provide evidencewhere required.
Page 4Inputs/OutputsAXELOS FQAcceptedProposalStandardsMaterialsSuppliedSelf AssessmentProcessesAXELOSApplicationList ofInitiativesFramework DeskStudyInitiative DeskStudyEvidence ofuseInterviewsAnalysisDocumentationfor te*must include all 7 perspectivesLegend:ClientACPFigure: Typical P3M3 Assessment FlowACP/AXELOS
Page 5Initially the consultant will perform a desk study reviewing relevant standards,processes and tools. The depth of this enquiry will depend on whether a fulldiagnostic assessment is being performed. The consultant will then select asample set of initiatives and look at how these standards have been applied inpractice. Interviews will take place to clarify any matters and to seek views of theP3M community within the organisation. Unlike interviews in Version 2 of P3M3,these will generally be of short duration, not be invasive and will be targeted tospecific questions which have arisen in the desk study.As a rule of thumb, a full simple assessment in a relatively simple organisationtakes 5-6 days for each model. A full diagnostic assessment may takeconsiderably longer – 12 to 20 days per model.March 2016
their maturity. Note that your results are recorded and saved and used for baselining purposes. 300.00 (purchase from tsoshop.co.uk) Table1: Types of P3M3 Self- Assessments 3 Models Portfolio Management Maturity Model Programme Management Maturity Model Project Management Maturity Model 7 Perspectives Benefits
Portfolio, Programme and Project Management Maturity Model (P3M3 ) 5 Introduction and Guide to P3M3 Executive Summary This new version of OGC's Portfolio, Programme and Project Management Maturity Model (P3M3) is fully updated to take into account the latest knowledge and best practice in portfolio, programme and project
ASSESSMENT REPORT Administration Practices for Standardized Assessments 2 Administration Practices for Standardized Assessments Note: This report is based on “Appropriate Administration Practices with
Risk Assessment 10 Techniques INFORMATION IN THIS CHAPTER † Operational Assessments † Project-Based Assessments † Third-Party Assessments INTRODUCTION Once you have a risk model and a few assessments under your belt, you will want to start thinking strategically about how to manage the regular operational, project, and third-party assessments that will occupy most of your time as a risk .
Assessments. (2016). This study examined how public schools used kindergarten entry assessments, what types of public schools used kindergarten entry assessments, and whether the use of kindergarten entry assessments was correlated with student early learning assessment scores in reading and math in s
Distinguishing between different types of assessments 3 To better understand where and how formative assessments fit into an assessment system, it is important to first draw a clear line of distinction among the types of assessments. Formative, short-cycle assessments: Formative assessments provide crucial information about student learning.
Schools have a variety of assessments available and must make sound decisions about the pros and cons of these assessments. T\൨e interim assessments provide a variety of benefits that are not necessarily available with other assessment platforms. These 對are short, focused assessments that provide data quickly to teachers.
3. Using Interim Assessments. Interim assessments can serve a variety of educator needs. To better support the range of possible uses consistent with the policies of member education agencies, educators may establish the time frame, administration policies, and scoring practices for interim assessments. However, interim
USING INQUIRY-BASED APPROACHES IN TRADITIONAL PRACTICAL ACTIVITIES Luca Szalay1, Zoltán Tóth2 1Eötvös LorándUniversity, Faculty of Science, Institute of Chemistry, Pázmány Pétersétány1/A, H-1117 Budapest, Hungary, luca@chem.elte.hu 2University of Debrecen, Faculty of Science and Technology, Department of Inorganic and Analytical Chemistry,, Egyetem tér1., H-4010 Debrecen, Hungary,
