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Benefits of P3O

The new guidance - aligned with PRINCE2, MSP, and M_o_R - brings together in one place 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 organisation.

The P3O guidance enables individuals and organisations to successfully establish, develop and maintain appropriate business support structures that will allow:

• Informed senior management decision making on strategic alignment, prioritisation, risk management, optimisation of resource etc to successfully deliver their business objectives (portfolio management)
  
  
• Identification and realisation of business outcomes and benefits via programmes
  
  
• Successful delivery of project outputs that enable benefits within time, cost and quality constraints.

The P3O guidance is supported by a qualifications scheme, accredited by The APM Group. The Foundation qualification will allow anyone who works in or with a P3O to demonstrate their knowledge of the concepts, structures and duties of such offices.

The Practitioner level certification, to be launched in 2009, is aimed at those responsible for setting up, managing or improving a P3O.