As businesses increasingly adapt portfolio, programme and project management, there is an increasing need for an effective infrastructure, namely the programme/project office, to support them.
The need for an effective support structure increases not only with the number of programmes and projects undertaken, but also with the significance placed on these initiatives. Portfolio,
Programme and Project Offices (P3O®) is a best practice guidance from AXELOS addressing this functionality.
The P3O model provides a decision and delivery support structure for enabling change within an organisation. This may be provided through a single permanent office such as, the Portfolio Office, Centre of Excellence, Enterprise or Corporate Programme Office. Alternatively, it may be provided through a linked set of offices (portfolio office, programme offices, project offices).
P3O is aligned with PRINCE2® and MSP® and blends in one place a set of principles, processes and techniques to facilitate effective portfolio, programme and project management through
enablement, challenge and support structures. These structures bridge the gap between the strategy and policy makers, and the delivery arm of the organisation.