A P3O model provides a decision-enabling/delivery support structure for all change within an organization. This may be provided through a single permanent office which may exist under several different names, for example Portfolio Office, Centre of Excellence, Enterprise or Corporate Programme Office.

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The benefits of P3O are:

• Informed senior management decision-making on factors including strategy, prioritization, risk management and optimization of resources in order to successfully deliver their business objectives (portfolio management)

• Identification and realization of business outcomes and benefits via programmes Successful delivery of project outputs that enable benefits within time, cost and quality restraints.

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