Defines a portfolio prioritization and optimization technique

Allows the P3O Sponsor to gain consensus on a common P3O vision

Justifies to senior management the investment in a P3O

Defines the lifecycle for implementing a permanent P3O

All require good PPM skills

All require functional competencies such as finance

All require generic personal skills such as coaching or mentoring

Some require good PPM skills while others need more generic business skills

Consists of Hub Portfolio Offices

Results typically from low PPM maturity

Provides support to ongoing portfolios

Defines generic standards to be applied across a portfolio