P3OF practice question 12 of 15

Which is delivered by the Blueprint's information flows?

Full set: 75 questions
Answer options
A: P3O implementation plan
B: Management of risk
C: Principle of management by exception Correct answer
D: Realization of benefits
Correct Answer:
C. Principle of management by exception
Explanation

The P3O Blueprint defines the future state of the P3O model, including the required information flows. These flows detail the reporting cycles, content, and escalation paths for information moving between portfolios, programmes, projects, and corporate management. This structured flow of information is the primary mechanism that enables the governance principle of 'management by exception'. It ensures that decision-makers receive routine progress information and are only directly involved when an issue or risk exceeds predefined tolerances, which is communicated via an exception report through these defined flows.

Why Incorrect

A. P3O implementation plan: This is a separate management product that describes how the P3O Blueprint will be delivered, not something delivered by the information flows.
B. Management of risk: This is a key P3O function or service. The information flows support risk management by carrying risk data, but they do not deliver the management process itself.
D. Realization of benefits: This is the ultimate outcome of the organization's investment in change. The information flows provide data to track benefits, but they do not deliver the realization.

References

AXELOS. (2013). Portfolio

Programme and Project Offices (P3O). The Stationery Office.

Chapter 6

Section 6.4.2

Table 6.2 'P3O Blueprint - outline contents': This table lists 'P3O Information Flows and Reporting' as a core component of the Blueprint

detailing the need for reporting cycles

dashboards

and escalation routes.

Chapter 3

Section 3.4.2 'Decision-support responsibilities': This section explains that a key P3O responsibility is to provide timely and relevant information to enable effective governance. It explicitly mentions providing "exception reports to the next level of management"

which is the practical application of management by exception

delivered via the defined information flows.

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