P3M1

P3M1 is a widely recognized framework for managing multiple projects within an organization, developed by the UK government’s Office of Government Commerce (OGC). The acronym stands for *Portfolio, Programme, Project Management*, with the additional "1" indicating a single, integrated approach to managing all three levels of work. The framework aims to align strategic objectives with operational delivery, ensuring that resources are used efficiently and that outcomes are achieved effectively.

At its core, P3M1 provides a structured methodology for managing the full spectrum of work within an organization, from high-level strategic initiatives (portfolios) down to specific, time-bound activities (projects). Portfolios represent the collection of projects and programs aligned to an organization’s strategic goals, while programs manage groups of related projects designed to deliver broader benefits. Projects, in turn, focus on delivering specific, defined outcomes within constraints of time, cost, and scope.

The framework emphasizes integration, ensuring that decisions at the portfolio level influence program and project management, and vice versa. It also highlights the importance of governance, risk management, and stakeholder engagement across all levels. P3M1 is often used in public sector organizations but has also gained traction in private and not-for-profit sectors due to its adaptability and focus on delivering value.

A key component of P3M1 is the *P3M3 maturity model*, which assesses an organization’s capability in portfolio, program, and project management. This model helps identify strengths and areas for improvement, guiding continuous enhancement of management practices. The framework is supported by a range of guidance documents, tools, and training materials, making it accessible to organizations of varying sizes and complexity.

Critics of P3M1 argue that its implementation can be resource-intensive and may not suit all organizational structures. However, proponents highlight its value in improving alignment, transparency, and efficiency in managing multiple initiatives simultaneously. As a result, P3M1 remains a popular choice for organizations seeking a structured approach to strategic delivery.