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P3M3 adoption aims to deliver better government investment

by Staff Writers •
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Following the successful pilot in four federal government agencies, agencies are more generally looking toward adoption of the Portfolio, Program and Project Management Maturity Model (P3M3).

P3M3 was first released in 2006 and initially implemented by the UK Office of Government Commerce (OGC). It has now become a mature standard. It is a free standing assessment tool that complements other OCG tools such as Prince2 and PMM.

Four government agencies recently successfully piloted P3M3, fuelling reports of its wider adoption across Commonwealth agencies.

The pilot agencies were:

  • Australian Bureau of Statistics (ABS)
  • CrimTrac
  • Geoscience Australia
  • Department of Education, Employment and Workplace Relations (DEEWR)

Accredited P3M3 assessors Tanner James have reported significant growth in government enquires since undertaking the recent pilot assessments.

Essentially P3M3 answers the questions: “Where do you want to be?” and “Are you there yet”? Prince2 and PMM address the question “How do I get there?”

P3M3 focuses on seven process perspectives:

  1. Management control
  2. Benefits management
  3. Financial Management
  4. Stakeholder management
  5. Organisational governance
  6. Risk management
  7. Resource management

Interest in P3M3 in Australia grew as a result of Recommendation 5.2.1 in Sir Peter Gershon’s Review of the Australian Government’s use of ICT, delivered in August last year.

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Jurisdiction
  • Federal
Tags
  • ABS
  • CrimTrac
  • DEEWR
  • Geoscience Australia
  • P3M3
  • Tanner James