The Ultimate P3M3 Chords

Course overview

Due to the accelerated rate of change in the modern business environment, organizations continuously seek to find and capitalize on competitive and performance advantage through better efficiency and delivery. As a result, best practices are still changing as we learn more about what makes an organization work successfully.

Management models have gained significance across various industries, such as the information technology industry, where they now serve as the foundation for evaluating organizational competence and spotting growth prospects.

The Portfolio, Program, and Project Management Maturity Model (P3M3®) is a maturity model that assesses how well an organization can manage its projects, programs, and portfolios. This measurement, which represents an organization’s existing capacity in certain practices as a “maturity level,” is made.

A company’s maturity level is an indicator of how well it can carry out continuous improvement, and a maturity model, like P3M3®, is a management tool that can be used to identify underlying causes, gauge present capabilities, and show progress. It serves as a guide for accomplishing performance goals as well.

While it comes to maturity models, the P3M3® model has emerged as a significant standard. It offers businesses a framework within which to evaluate their present performance and make plans for progress while managing and implementing change.

Introduction

P3M3® provides three maturity models that may be used separately to concentrate on certain business sectors or more widely to assist businesses in analyzing the connections between their portfolios, programs, and projects.

What applications does P3M3® have for your company? Organizational evaluations at the project, program, or portfolio levels are supported by P3M3®. This might apply to every component of the model or just a few of them.

The latter focuses on any one of the numerous views of P3M3® and is essential to tracking progress in certain areas such as benefits management, while the former provides a high-level view of the organization’s capabilities and performance.

We are The Training Bee, a global training and education firm providing services in many countries. We are specialized in capacity building and talent development solutions for individuals and organizations, with our highly customized programs and training sessions.

Learning Objectives

Upon completing The Ultimate P3M3 Chords, participants will be able to:

Understanding the advantages of a maturity model
Recognize the history and goals of maturity modeling.
Dimensions of an evaluation
Describe process improvement using P3M3® paradigm.
Knowledge of the five stages of adulthood

Our Unique Training Methodology

This interactive course comprises the following training methods:

Role-playing – Participants will take part in several role-plays and understand practical ways of solving issues.
Journaling – This consists of setting a timer and letting your thoughts flow, unedited and unscripted recording events, ideas, and thoughts over a while, related to the topic.
Social learning – Information and expertise exchanged amongst peers via computer-based technologies and interactive conversations including Blogging, instant messaging, and forums for debate in groups.
Project-based learning
Interactive sessions – The course will use informative lectures to introduce key concepts and theories related to the topic.
Presentations – Participants will be presented with multimedia tools such as videos and graphics to enhance learning. These will be delivered engagingly and interactively.

Training Medium

This The Ultimate P3M3 Chords training is designed in a way that it can be delivered face-to-face and virtually.

Course Duration

This training is versatile in its delivery. The training can be delivered as a full-fledged 40-hour training program or a 15- hours crash course covering 5 hours of content each day over 3 days

Pre-course Assessment

Before you enroll in this course all we wanted to know is your exact mindset and your way of thinking.
For that, we have designed this questionnaire attached below.

What is the P3M3 model’s objective, and how does it advance organizational project management procedures?
The P3M3 model’s three components—Portfolio Management, Program Management, and Project Management—should be explained. How are they connected to one another?
Describe the P3M3 model’s five maturity stages, from Level 1 (Awareness) to Level 5 (Optimizing), in order. What distinguishes each level and what are its main areas of focus?
How can the P3M3 model be used to evaluate and compare the project management maturity of an organization?
Discuss the advantages of the evaluation procedure.
What constitutes the assessment framework for the P3M3 model’s main elements? Describe how each element helps to assess maturity levels and find chances for improvement.

Course Modules

This The Ultimate P3M3 Chords covers the following topics for understanding the essentials of the Agile Workplace:

Module 1 – INTRODUCTION

How Do Maturity Models Work?
Components P3M3®
P3M3®: Using Maturity Models for Performance Improvement: Benefits
Today, where are you?
What place do you wish to be in?

Module 2 – SELF-ASSESSMENT

Self-assessment P3M3® User Manual
Standard self-evaluation for P3M3®
P3M3® improved self-evaluation
Complete evaluation: assessor’s toolbox and manual

Module 3 – Overview of P3M3®

The overall framework of P3M3® and successful delivery
Body of Knowledge for APMs (APMBOK)
The financial maturity model of the UK National Audit Office was developed by AXELOS.

Module 4 – HOW TO PLAN YOUR P3M3® Assessment

Choosing the appropriate P3M3® model
Scoping the P3M3® data structure for evaluation
Choosing the strategy
Planning guideline

Module 5 – CONVERTING P3M3®

Director of projects
Creator of projects
Project deliverer-commissioner
Certain industry skills
Supply chain administration

Module 6 – MATURITY LEVELS FOR P3M3®

Level 1: Process awareness
Level 2: Repetitive procedure
Level 3: Specified procedure
Level 4: Manage process
Level 5: Improved procedure

Module 7 – PERSPECTIVES FOR P3M3®

Organizational leadership
Management authority
Benefits administration
Management of risk
Participant management
Managing finances

Module 8 – LEVELS OF P3M3® Maturity FOR EACH PERSPECTIVE

Portfolio administration
Program administration
Project administration

Post-course Assessment

Participants need to complete an assessment post-course completion so our mentors will get to know their understanding of the course. A mentor will also have interrogative conversations with participants and provide valuable feedback.

To someone who is unfamiliar with the P3M3 model, how would you describe it? Give a succinct description of its goals and the benefits it offers businesses.
What are the main advantages that businesses may gain from using the P3M3 model? How can it assist them in strengthening their project, program, and portfolio management techniques?
Which of the five P3M3 maturity levels—Awareness, Repeatable, Defined, Managed, and Optimizing—do you believe will be the most difficult for organizations to achieve? Why?
Did you come across any case studies or real-world examples that illustrated how the P3M3 model was applied throughout the course? If yes, elaborate on one of those instances and what you took out from it.

Lessons Learned

Assessment of Maturity is Essential: According to the P3M3 model, it’s critical to evaluate an organization’s project management maturity at the portfolio, program, and project levels. For the purpose of detecting gaps and developing improvement initiatives, it is crucial to comprehend the existing maturity level.

Progressive Maturity Levels: The model identifies five stages of maturity (Awareness, Repeatable, Defined, Managed, and optimizing), each of which builds on the one before it. Moving up these levels represents a gradual enhancement of project management skills and procedures.

A holistic approach to project management is taken by P3M3, which acknowledges the connections between program, portfolio, and project management. In order to effectively accomplish organizational goals, it emphasizes the necessity of alignment and integration across different areas.

“The P3M3 Certification Will Raise the Project Management Maturity of Your Organization”