Portfolio, Programme and Project Offices (P3O®) is a practice guidance published by the OGC, (Office of Government Commerce).
A P3O® model provides a decision enabling/delivery support structure for all change within an organization. It may be provided through a single permanent office that may exist under several different names, for example Portfolio Office, Centre of Excellence, Enterprise or Corporate Programme Office.
This new guidance will bring together a set of principles, processes and techniques to facilitate effective portfolio, programme and project management through enablement, challenge and support structures. These structures also bridge the gap between the strategy/policy makers and the delivery arm of the organization.
The purpose of the Portfolio, Programme and Project Office® (P3O®) guidance is to provide universally applicable guidance that will enable individuals and organizations to successfully establish, develop and maintain appropriate business support structures.
- Informed senior management decision making on strategic alignment, prioritization, risk management, optimization of resource etcetera to successfully deliver their business objectives (portfolio management)
- Identification and realization of business outcomes and benefits via Programmes
- Successful delivery of project outputs that enable benefits within time, cost and quality restraints.