The history of P3O® can be traced to 2008 when the P3O guidance was founded by the UK Government’s Office of Government Commerce (OGC) to help organizations build support structures for the management of their portfolios, programmes, and projects. The P3O® guidance helps organizations to align their portfolios, programmes, and projects with the business objectives.
In 2013, the P3O® guidance was updated to focus on the management offices at a smaller level and provides information on how these portfolio, programme and project offices can be implemented.
Where P3O® has been used
P3O® has been used and is available in the following regions and countries:
Africa, Argentina, Asia, Pacific, Australia, Austria, Belgium, Brazil, Cameroon, Canada, China, Denmark, Dubai, Eastern Europe, Europe, Finland, France, Germany, Hong Kong, India, Italy, Japan, Malaysia, Middle East, New Zealand, North America, Nigeria, Norway, Papua, New Guinea, Romania, Russia, Saudi Arabia, Singapore, South Africa, South America, Spain, Sri Lanka, Sweden, Switzerland, Turkey, United Arab Emirates, United Kingdom, United States
Some industries that have/are using P3O® include IT/ITES, Business Process Outsourcing, Government/Public Sector, Telecom, Banking, Financial Services & Insurance, Automobile, Education, Pharmaceuticals.
P3O® methodology/process model
The P3O® methodology/process model has to do with the designing and building of structures in order to ensure the efficiency of:
Senior management decision making – These decisions include optimization of resources, risk management, implementation strategies, among others.
Business outcomes and benefits- Identification and achievement of business objectives for portfolio, programme and project management.
Delivery of project outputs- Ensuring the delivery of projects within time and budgetary limits.
P3O® exam prerequisites
The P3O® foundation qualification has no specific requirement. However, the Practitioner qualification course requires the Foundation certificate.