Enterprise Project Management
It is not possible to reach the anticipated results with traditional project management solutions all the time. In today’s world traditional project management practices are not applicable to big and complex projects. Therefore new solutions and practices are needed for successful ends. Enterprise Project Management (EPM) is an extensive approach for project management that considers the project as a whole. Processes and implementations of this methodology varies from one organization to another. This article discusses the EPM concept and the advantages of it for the organizations.
What is Enterprise Project Management ?
Most of the organizations have many projects that are performed simultaneously. Lack of communication and cordination between the project teams effect the organization‘s productivity. Likewise, some of the projects suffer from mismanagement. In order to overcome the problems related with poor management processes, organizations create enterprise project management offices.
The main responsibility of an enterprise project management office is to establish the methodologies, guide project teams and improve the processes. If the project teams use well established standards, documents and guides, the overall success of the organization increases.
The enterprise project management office within an organization seeks to increase the number of projects delivered on time and budget. Managing projects with well established systems allows to use the resources effectively.
Enterprise project management is a detailed concept in project management. It consists of risk analysis, controlling the project resources, continual reporting and cost analysis to make a success of project management.
Enterprise project management is used to get good results from the large and difficult project’s management. This means enterprise project management is important to deliver a large project into smaller and doable parts that follow one another to obtain the last and anticipated success.
What are the Differences Between EPM and Traditional Project Management?
The Enterprise Project Management is not a new concept. It has been popular for more than thirty years. However technological improvements enhance the use of this sytem. In the past, organizations were focusing on the success of individual projects. But they saw that focusing on the individual projects is not enough to bring success. Managing multiple projects simultaneously requires a well established system of information.
Different from the old style project management, EPM focuses on connecting the whole parts of project’s management into one resource, often in a web-based software. These abilities aid to minimize obstacles between the workers and the project management team, which enhances productivity.
For instance all parties can follow a project’s improvement. Talented workers can reach work schedules and ask changes to schedulers within the enterprise project management system. But the real advantage of this system is seen through business intelligence and reporting.
In brief, traditional project management practices may obtain good results in less complex and smaller projects. Complex projects and large organizations need enterprise project management practices to utilize risk analysis an inputs to manage the company resources effectively. An EPM software provides a company to manage and store all information related with the projects.
What are the Advantages of EPM ?
Technological improvements help project managers to build a proactive work environment. This means project managers have the chance of using automated data collection and analysis. In this way they can notice and guess the probable troubles of the project before the problems happen.
Consolidating all the project information in a software allows project teams to recognize the project’ s status quickly. Also the EPM softwares provide inputs to make estimations for the future of projects.
Unlike the traditional project management, enterprise project management improves collaboration within the project team. Because all the members have access to the software and they share project data simultaneously.
Project managers can easily identify the root causes of problems by analyzing the project information.
Small and less complex projects can also benefit from the EPM practices. Tools that exist in the softwares help to organize and manage project information effectively. Whether you are managing a large or a small project, well organized plans, schedules and resources improve processes within the organization.
When the project management is taken to an enterprise level, it effects how well a project aligns with a company’s business plan. Thus, project managers can organize difficult projects that depend on the conclusion and accomplishment of other projects or duties that they can’t control.
So, the company mantains the schedule and income with the help of bringing information together by data sharing.
Today’s projects require integrated approach for project management. The EPM is a proven method for managing project, program and portfolios. The EPM looks complex but in fact it is a methodology in project management that lets project team members to continue control over the most difficult and detailed projects and programs. The EPM improves the quality of management and reduces risks within the organization.
No matter what your experience in project management is, you can meet the enterprise project management and use its benefits and capabilities. Your project will have more chance to be successful.
Building Effective EPM