The P3M3® maturity assessment measures the capability and maturity of an organisation to deliver projects, programmes and portfolio(s).
The P3M3® assessment was developed by the UK Office of Government Commerce in 2005. The latest version (v3.0) is published and maintained by a joint venture company, Axelos which manages the UK Government’s best practices portfolio in concert with the UK Cabinet Office.
The NZ Treasury uses the P3M3 assessment in the ICR, and averages the seven perspective results per model, which produces a NZP3M result for ICR purposes. Agencies also receive a P3M3 result which they may wish to register with Axelos for certification purposes (using the lowest perspective result per model).