What does P3 mean in project management?

In project management, P3 stands for Portfolio, Programme, and Project Management. This integrated approach combines three levels of management to effectively achieve organizational objectives.

Many organizations implement a P3 Management Office (PMO) to oversee and coordinate P3 activities. The PMO defines and ensures adherence to centralized management practices for projects under its domain. It provides the necessary discipline and rigor for successful execution of organizational objectives.

By integrating portfolio, programme, and project management, P3 offers a comprehensive approach to managing organizational change initiatives and achieving strategic goals.