We call this section Knowledge because it aligns with guides that are frequently referred to as 'Bodies of Knowledge'. The aim is to define the functional building blocks of project, programme and portfolio (P3) management. The functions described in this section are split between context and management
Contextual functions are not directly responsible but support achieving project, programme or portfolio objectives.
Management functions are directly applied when completing projects, programmes and portfolios.
The dividing lines between projects, programmes and portfolios are blurred. Some ventures will exhibit characteristics of all three. The underlying principle is that the terms project, programme and portfolio simply represent points on a continuum that is described by the complexity of the work being managed.
That means we describe functions first, in general terms, and then how they adapt to increasing complexity.
The Knowledge section integrates with the Processes and Documents sections of this framework and with the Competencies and Abilities Self-Assessment Tools AIPM provides. All these elements provide a structure for activity within the P3 life cycle. The management and contextual functions here are the basis for P3 competencies.
The management functions also provide the structure and specific goals for P3 capability maturity. The procedures described in each function are used as the basis for defining different levels of capability and the attributes described in the maturity model provide benchmarks for the organisational implementation of the function.