It’s nearly summer so this week we’ve decided to compile a short list of PRINCE2 terms and then add our own very simplified explanations or examples or light-hearted comments! For the genuine article head to PRINCE2 Glossary to be found on our Downloads page of free resources. If you fancy a laugh too, there are a couple of links to some fun cartoons. Enjoy!

Embed PRINCE2, and it can help deliver successful projects as well as deliver success to your organisation. Here are some of the ways it can help.

Fed up with cost and schedule overruns? Confused by the mish-mash of project management approaches your organisation uses? Don’t suffer in silence! Try these ways of convincing your company and colleagues to adopt PRINCE2.

There’s been some debate about what PRINCE2 can really do for your job prospects. While it won’t guarantee you a job, it will certainly improve your chances as recent reports reveal.

Somewhere out there is the right project management qualification and career path for you and your team. Whether you’re an individual or a skills assurance coordinator for a company, this guide will help steer you right.

When we live in uncertain economic times the OGC’s Management of Risk could be the go-to guidance to train for, so that your decisions are less about luck and more about good judgement

Passing exams is never simple but we can take the pain out of the experience so that you gain the qualifications you need to progress your career

How do you find your perfect PRINCE2 training partner? Ask training organisations these 7 questions and you could find the training that fits your expectations and needs.

If ever there was a time to deliver efficient and consistent change in an organisation, it is now and the OGC’s Portfolio, Programme and Project Office (P3O) guidance sets up the structure to deliver just that.

What is P3O? In essence, it’s a way of providing joined-up support for launching change. The Office of Government Commerce’s (OGC) P3O gives guidance on establishing, developing and maintaining a decision-making and enabling structure or management environment for all levels and all kinds of change in an organisation.

What does it look like? It can be a single office or a set of linked offices with a strategic, challenge and assurance role; this is no glorified administration department. Several office types are possible. The portfolio office gives senior managers a panoramic view of the portfolio, of progress, conflicts, risks and benefits against investments. The Centre of Excellence assists organisations to improve their portfolio, programme, project and risk management (P3RM) through best practice, training, and so forth. Temporary offices support programmes and projects.

Which model should I use? That depends. The vision and goals of the sponsor, the size and maturity of the organisation, P3RM, all of these factors will influence the choice of model, the staffing and the pace at which you design, build and adopt P3O. A small company may only need one P3O expert; a large one, an army of them. One organisation may launch P3O quickly; another roll it out in stages.

How does the company benefit? It’s about the bottom line. P3O helps decision pick the right programmes and projects and see that they are done right. Every success or failure is visible to staff so they can escalate problems to the right level and allow investment management judgments to be made early. Companies can balance change and business-as-usual agendas. P3O drives efficiency and consistency and delivery, in terms of cost and time, becomes predictable, stickable.

Does the company really need P3O? Judge for yourself. The OGC seven questions in Business Benefits of P3O Implementation which we’ve listed at the end can help you do that. Steve Boronski, an ILX Senior Management Training Consultant, also has an effective formula to check if you have one or need one; it’s based on the questions: if you make X investment, will you get Y benefits and will it improve Z Key Performance Indicators?

Where is the evidence that it works? No-one wants to throw good money after anything in these hard times unless there’s a clear return. P3O can give that and BT Design (P3O: No Skeletons in the Cupboard at BT Design) show how it worked for them.

How does yet another certificate benefit individuals? Senior managers will understand the structure for achieving strategic objectives. Programme managers will bring consistency to programmes and effect standardized strategies within projects. Project managers can integrate with programmes and deliver consistent outputs. P3O also offers a career path and more information is available from the Project Management Office Special Interest Group.

What’s the training and qualification structure? P3O slots perfectly in with the OGC products such as PRINCE2, ITIL, MSP and M_o_R. It comprises P3O Foundation and P3O Practitioner level qualifications and is accredited by the APMG. There is the guidance, support and documentation that you would expect and the OGC already provides a P3O Online Repository.

The OGC’s Seven P3O Questions to put to Senior Managers:

• Are all your programmes and projects really necessary?
  Which ones will help you to deliver your strategy? What benefits will they give you?
• How much is your change portfolio impacting the business?
• How much is it costing you?
• If your budgets are reduced, which programmes or projects could you put on hold – what would be the impact on the business
• Do you have the right people and skills? Are they available when you need them?
• When is it more appropriate to hire in contract staff rather than do it yourselves?
• Are your managers delivering your programmes and projects consistently and well?

Useful P3O Links:

• For a complete picture of P3O and what it can do head to the OGC.
  A bunch of useful P3O downloads can help you get to grips with this new guidance.
• The APMG provides a wealth of information about P3O and accredited training options.
• There are many training and support options for P3O that include e-learning as well as blended learning to make your money go further.

P3O Training:

• ILX Group deliver P3O Foundation and Practitioner e-Learning, Classroom and Blended learning
• A bunch of useful P3O downloads can help you get to grips with this new guidance.
• The APMG provides a wealth of information about P3O and accredited training options.
• There are many training and support options for P3O that include e-learning as well as blended learning to make your money go further.

When money is tight and time is short do you really need the hassle of renewing your PRINCE2 Practitioner qualification? Here are some reasons to renew.