P3O i.e. Portfolio, Programme and projects offices is a guidance published by the Office of Government Commerce, UK that aims to assist organisations by helping them establish, develop and maintain decision-making and enable management environment with regards to all levels and all types of change in an organisation. P3O is about:
- Senior management decision making
- Business outcomes and benefits
- Delivery of project outputs
P3O guidelines help in improving ROI by helping choose the right projects and execute them efficiently. Staff is aware about the positives and negatives of the projects and can address the problems at the right stage. This helps in effective and timely decisions with regards to investment management. Companies can adapt itself to changes in an effective way that results in efficiency, consistency and delivery that helps in being aware of the cost and time and everything becomes clear and stickable.
Opting for P3O Portfolio, Programme, Project Offices certification will sure help an individual in his career advancement and also helps the company. Here are some reasons why you should enrol for a P3O Portfolio, Programme, Project Office course-
- As an employee you would be to able to optimise the use of resources and meet new business objectives. All of this is done to ensure consistent and timely deliverables.
- You would also get support on understanding your potential to build capacity and risk models, which are in tandem with your company’s culture.
- You would be able to identify potential opportunities while minimising risking for such projects.
- Implementing and driving innovative strategies that define the company’s vision and also contribute to the overall performance requirement of your organisation.
- On the whole, you gain better decision making potential, organisational accountability, transparency and visibility.
P3O certification is provided by AXELOS. Examination Institutes (EIs) accredited by AXELOS can administer this programme. The Examination Institutes in turn authorize Accredited Training Organisations (ATOs), their trainers and their study material.
P30 certification has two levels: Foundation and Practitioner. Foundation level course implies that the candidate has knowledge of P30 guidelines and can work accordingly. The P30 foundation exam is based on basic concepts and terms related to P30 Guidance. Practitioner level certification means that the candidate can manage or work in a component of a P3O.
In P30 practitioner exam, you would be given about 80-question objective test examination and the pass mark here is 40 (50%). The examination duration is about two and a half hours’ and if you succeed in the same then you are eligible apply for the P3O to the running and management of a non-complex Portfolio. P3O Practitioner status needs to be re-registered in 3 to 5 years through a Re-Registration examination.
