The Portfolio, Programme and Project Management Maturity Model (P3M3) is a management maturity model looking across an organization at how it delivers its projects, programmes and portfolio(s). P3M3 looks at the whole system and not just one processes. The hierarchical approach enables organisations to assess their capability and then plot a roadmap for improvement prioritised by those key process areas (KPAs) which will make the biggest impact on performance. Context P3M3 is owned by Axelos, a joint venture between the UK Government and Capita which took ownership of the materials in January 2014. Prior to this, P3M3 was owned by the Office of Government Commerce (OGC), a department within the UK Government with a remit to help public sector organisations improve their efficiency, gain better value for money from procurements and deliver improved success from programmes and projects. The P3M3 aims to provide an assessment and measurement score for the portfolio, programme and project-related activities within process areas that contribute to achieving a successful project outcome. The levels described within the P3M3 indicate how key process areas can be structured hierarchically to define a progression of capability which an organisation can use to set goals and plan their improvement journey. There have been three versions of P3M3. Version 1 was issued in 2005 - this model worked on the basis that organisational maturity started with project management, then moved to programme management with portfolio management maturity coming at the highest level of maturity. Version 2 was released in 2008 - this version included the 7 Perspectives and created a model which recognised that project, programme and portfolio maturity were not incremental and enabled the assessment of each model independently. Version 3 was released in 2015 - this version provided for deeper analysis and diagnostics by the inclusion of Threads, which run through each of the Perspectives. The levels facilitate organisational transitions from an immature state to become a mature and capable organisation with an objective basis for judging quality and solving programme and project issues. P3M3 assessments can be applied both to portfolio, programme and/or project management activities being carried out across an organisation. P3M3 is made up of three models, which can be assessed individually or as a group: Project Management Programme Management Portfolio Management For each of the models, P3M3 reviews the maturity and performance against seven perspectives: Organisational Governance Benefits and/or Requirements Management Financial Controls Risk Management