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Enterprise Portfolio Management (EPM)
Increased Business Value through Better Decision Making
When it comes to selecting and executing projects and
programmes, decades of research and experience prove
what successful business leaders already know instinctively:
investment in activities that do not clearly align with
corporate strategy is money wasted. In the current economic
climate, where both cash and resources are severely
constrained, being able to understand and act on this
is more important than ever. Enterprise Portfolio Management
(EPM) therefore has gained significant visibility in
management strategy.
Robust governance processes and sophisticated
toolsets are required to improve the visibility of projects
across the organisation, ensuring resources are optimised
and project teams are collaborating successfully. This
‘enterprise-wide’ view of projects and programmes
differs from the traditional ‘silo’ view
and requires a shift in mindset of business executives,
project sponsors and project managers.
EPM helps create clear alignment
from strategic goals through to projects and BAU activities,
through to the key cultures and behaviours of the organisation
EPM is a systematic approach to achieving
organisational goals through a continual nucleus of
projects, which include strategic initiatives, operational
improvements, business reorganisations, as well as traditional
projects. EPM enables organisations to leverage people,
processes and technology, providing better management
of resources and projects, efficient collaboration,
and consistent reporting of project information across
an organisation. It enables organisations to be efficient
by providing the ability to evaluate and optimise the
utilisation of resources as they relate to business
goals and strategies.
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