All about Business and management

June 27, 2007

Enterprise Project Management

Filed under: Business management — Jagdish Hiray @ 10:43 pm

            Enterprise Project Management (EPM) is a centralized process management system designed to implement oraganizational goals and strategies across organization. EPM functions as a spinal cod, which manages resources, keeps track of cost and time management. 

             Project management has become standard way of managing operations in all sectors of industry. As a result, there was a need to have a standard system to manage projects, manage central pool of resources and implement strategies across organization, which gave rise to concept of EPM.

              In typical EPM model, in an organization, all projects follow stanard proecsses. There is standard system, use to execute project, project tracking and reporting. Top management gets clear status on project progress and updates. Due to centralization, resource management becomes efficient and skills are used in approprite places. Changes are implemented easily due to standard processes. EPM offers a level of discipline and productive culture acorss organization. EPM identifies and implements continue training programs needed for organization. EPM makes it easy to implement quality standards like ISO, SAS 70 across organization due to its standadization.

             Whether it is small or larg organization, EPM offers advantages like improve productivity, quality standards. EPM itself is Project Management process and standard for projects in organization. Evolution of EPM itself is indication of vast of project management and its importance. Next generation of project management phases will see more and more reference to EPM.

             However to implement EPM system needs strong management support and hardwork by team responsible for implementing and maintaining EPM.

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1 Comment »

  1. […] Enterprise Project Management Next generation of project management phases will see more and more reference to EPM. However to implement EPM system needs strong management support and hardwork by team responsible for implementing and maintaining EPM. […]

    Pingback by Business Reference » Business Reference June 27, 2007 10:26 pm — June 29, 2007 @ 5:59 am | Reply


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