The NZP3M Maturity measures the capability and maturity of an organisation to run projects, programmes and portfolios.
The NZP3M model was derived from the P3M3 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 method is highly relevant to investment activity in central government which is increasingly focused on the management of programmes and portfolios. The methodology is useful for benchmarking current maturity levels, establishing target levels and for capability improvement planning.
For ICR purposes, the Treasury has procured a panel of accredited suppliers that can deliver facilitated NZP3M assessments across NZ government (using the diagnostic tool rather than self-assessment tool).
The NZP3M results can be entered into the NZP3M template: nzp3m-template-examplescoring.xls (35 KB)
For more details on the proprietary P3M3 model itself, refer to: https://www.axelos.com/best-practice-solutions/p3m3