Axelos P3OF Exam (Portfolio, Programme and Project Offices Foundation) Detailed Information
Within an organization often various projects are being managed at the same time. Some might be part of the same program, all are part of the same portfolio and hopefully they all support the business strategies. Management can easily lose track when several programs and projects are managed simultaneously while at all times the risks, impact, costs and expected outcomes of these projects should be clear. To get that clear overview companies can set up a Project, Program and Portfolio Management Office: a department for the purpose of the standardization of methodologies, processes and tools that support the various programs and projects. The P3O® framework offers guidance in setting up such an office.
The P3O framework enables management to make well informed decisions on strategic alignment, prioritization, risk management, optimization of resources and other key factors needed to successfully meet their business objectives. Due to the clear roles and responsibilities, issues, risks and changes are effectively dealt with. Potential opportunities are sooner identified as are upcoming changes to strategy, business issues or delays.
Target group
The P3O exams are aimed at those requiring an understanding of the supporting environment for successful programs and projects, either in a junior or senior role; portfolio managers looking for a
structure for prioritization and control of corporate investments and specifically those that want to learn how to justify, build and manage a Project Office.
Exams by levelCode
Foundation
P3O® Foundation Certificate in Portfolio, Programme and Project Offices
P3OF
Practitioner
P3O® Practitioner Certificate in Portfolio, Programme and Project OfficesP3OP
Practitioner Re-Registration
P3O® Practitioner Re-Registration CertificateP3OP_re
P3O® Foundation Certificate in Portfolio, Programme and Project Offices
P3O® Foundation Certificate in Portfolio, Programme and Project Offices
Summary
The P3O® guidance brings together in one place a set of principles, processes and techniques to facilitate effective portfolio, program and project management. It provides advice on how to develop a governance structure that helps optimize an organization’s investment in change.
Target group
Members of offices within a P3O® model or anyone who needs to understand the terminology and concepts underpinning P3O®.
Context
Portfolio, Programme and Project Offices® Foundation is part of the Best Management Practice Portfolio and the prerequisite for the Portfolio, Programme and Project Offices® Practitioner exam.
e-Competence Framework (e-CF)
Level
e-CF Area e-Competence e-1 e-2 e-3 e-4 e-5
MANAGE E.2. Project and Portfolio Management
E.4. Relationship Management
E.6. ICT Quality Management
E.7. Business Change Management
Legend for coverage
General
Partial
Superficial
Prerequisites
None
Exam content
The high-level P3O® model and its component offices
The differences between Portfolio, Program and Project Management
The key functions and services of a P3O®
The arguments for establishing a P3O® model
The differences between types of P3O® model and the factors that influence selection of the most appropriate model
The processes to implement or re-energize a P3O®
The tools and techniques used by a P3O®
The purpose and major responsibilities of all roles
Click here to download the glossary in the download section in the right column.
Exam Details
Version 2013
Number of questions: 75 (of which 5 are trial questions)
Pass mark: 50% (35 out of 70)
Open book: No
Electronic devices permitted: No
Version 2008
Number of questions: 50
Pass mark: 60% (30 out of 50)
Open book: No
Electronic devices permitted: No
