although these projects do not necessarily seem connected, they all impact the same enterprise organization. enterprise project management (epm) refers to the practice of managing projects on a companywide scale. enterprise project management focuses on the organization, prioritizing and highlighting its business goals and managing and grouping projects to ensure they meet those broader company objectives. the end objective is not necessarily a completed project but a project that effectively provides value to the organization.
organizations, and project managers within the company, need to ensure all projects are strategically focused on their overarching business objectives. enterprise project management aims to do just that. since enterprise project management focuses on the organization’s core mission and strategic objectives, implementation of an epm system begins with a thorough look at the company’s existing projects and organizational culture. it is vital to include stakeholders in an epm system since the end goal is full transparency, wider participation, more project visibility, and increased monitoring.
for large organizations that have multiple projects running at once, project management can be scaled up to the level of enterprise project management (epm). in essence, the purpose of epm is to improve the quality and effectiveness of project management on a large scale and make sure projects are delivering value to the company. epmos invest in pmos by providing training to help project managers develop the technical and management skills required for the job. explain the benefits of the move to epm and how it will be executed.
this is the process of assessing project ideas and prioritizing ideas that support the overall organizational goal. enterprise project managers should be able to recognize projects that have the potential to deliver promised returns and underperforming projects that should be terminated early. project management centers around the question of how to get a project done “effectively and efficiently,” according to paul dinsmore from the project management institute (pmi). the biggest merit of bringing epm to a company is that it can significantly improve current project management practices to better align with the company’s strategic objectives. when defining new project management processes, take advantage of epm tools like project management software for more convenient project planning and reporting.
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