Transforming Governance Maturity at a Leading Bank with P3M3 Level 4 Achievement
Client A leading global banking organisation – Enterprise Change & Transformation Division of Macquarie Bank. Challenge The bank had reached Level 3 (Defined) in the P3M3 maturity model, with consistent governance and functioning PMOs. However, the organisation struggled with: The goal was to evolve into a data-driven, quantitatively managed organisation (Level 4) capable of predictive governance, proactive decision-making, and measurable performance improvement across its change portfolio. Our Approach We partnered with the client to design and implement a structured Level 4 maturity roadmap over an 18-month transformation journey. Phase 1: Diagnostic Assessment (Months 1–3) Conducted maturity workshops, stakeholder surveys, and baseline KPI analysis (CPI, SPI, BRI) to identify key gaps and create the enterprise maturity dashboard. Phase 2: Design & Governance Framework (Months 4–6) Developed a comprehensive P3M3 Governance Playbook, including a quantitative data taxonomy, benefits tracking framework, and risk heatmaps aligned with business goals. Phase 3: Implementation & Capability Enablement (Months 7–12) Deployed integrated reporting dashboards, consolidated financial, risk, and benefits data, and delivered structured training to PMs and PMOs to drive adoption. Phase 4: Enterprise Integration (Months 13–15) Institutionalized Level 4 practices across the enterprise portfolio, embedding predictive analysis, benefits realisation scorecards, and automated governance reviews. Phase 5: Continuous Improvement (Months 16–18) Established a sustainability model through internal audits, refresher training, governance forums, and preparation for external validation and certification. Key Enablers Results & Impact Future Vision The bank is now progressing toward P3M3 Level 5 (Optimised) by integrating AI-enabled forecasting, continuous improvement loops, and customer-centric innovation into its portfolio governance framework.


