There are case studies published around the world that testify to major cost savings in using an Assess, Improve, Assess, Improve model for maturing project, program and portfolio management (P3M).
Following an assessment guide to capture information is not too complex. Understanding the data and making sure you capture the right data is where the experts take over. Whilst assessing P3M can be challenging, there are many traps and techniques to developing a workable improvement roadmap. QVC has years of experience in delivering these assessments and improvement roadmaps and has developed a set of tools to help.
We partner with Aspire Europe, whose Managing Director, Rod Sowden, is the lead author of the world’s leading capability maturity model for project management – P3M3. Now in it’s new release, version 3, the assessment tool is very mature and can accurately determine the best way to invest in project, program and portfolio management improvements. For further information on P3M3 assessment view the following informational brochures Aspire: P3M3 in a Nutshell and AXELOS Official P3M3 brochure or review the following case studies: AXELOS’ Maturity Assessment at the London Underground (2011), Building NHS Capability and Manchester City Council Capital Programme Group.
QVC is careful to ensure that an organisation does not go from a low documentation state to a high documentation state as shown in the diagram below. This can suffocate an organisation and give project management a bad name. Another trap is to ensure that maturity of people and process takes place at approximately the same rate. The bicycle in the diagram below illustrates how hard it might be going on the maturity slope if they are not aligned.
The improvement roadmap that will be used to guide the improvement cycle might look like our standard template below: