The Common Goals of Enterprise Project Management Software

The Common Goals of Enterprise Project Management Software
Every day, businesses are facing new challenges and new opportunities as well. And without having a
proper plan for prioritizing your working category can waste your investment in, time, energy, and
money respectively.
This is why the organizations are keen to invest their time in developing efficient strategic plans.
A well-defined strategy reflects the organization’s experience about its key competitors, market
analytical studies, the future approach and the present strength.
Those organizations, who are already knowledged in project management, are somehow able to
provide the necessary bridge between strategic plans and execution progresses.
Enterprise Project Management (EPM) & Its Goal
Now come to the enterprise-level project management. The EPM supplies the critical link between
the business’s strategic planning and execution.
By offering the standard organizational methodology for proper planning, execution methods,
resource management, prioritizing all project aspects that include in today’s organization workplace.
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EPM gives the organization life a new fusion that could have been lacking before.
A decisive enterprise project management goes beyond the traditional project management level. It
provides an expanded role that combines the strategic objectives with individual projects and
responsibilities.
Source: Pproject-management[.]com
Here I have mentioned the common goal of the Enterprise Project Management Methodology:
Mentoring and Coaching
EPM with its skill in project management offers to mentoring and coaching the project
managers and the team members who are operating in the same project but at different levels.
EPMO may lead the periodical practice and coordinate for industry-level certifications
associated with project management.
Enterprise-leveled Strategic Alignment
EPMO makes sure that the projects that are offered in various divisions of the organization are
arranged to the near and long-term business goal. Thereby guaranteeing that the organization
is employing money on the ‘right things’.
Value Management
Often the projects managed by department or business levels PMOs are part of a higher
organizational drive.

At these traditional EPM levels, it’s tricky to estimate the business purpose of the projects. On the
other cards, EPM has a picture of the more generous organizational leadership which are broken
down into various projects.
So EPM is in a position to estimate the substantial and hypothetical benefits of these actions.
Enterprise Project management may use methods like ROI, Net Present Value, and Internal Rate of
Return, etc to estimate the profits.
Demand Management
Enterprise Project Management is accountable for demand forecasting and organizing the project
demand creating from several business problems developed across the organization.
It becomes a primary position where the request is captured and categorized into strategic, tactical,
or executional demand.
In businesses operating only department normal project management and not owning the EPMO,
there may be a struggle that project A proceeding in the department i having higher superiority than
project B running in another department.
But EPM ensures that each project has their own priority at this central office and so there is no
friction of delivering priority between departments on the projects.
Also. resource Management in EPM supports a picture of the resource available to act on this
demand between all departments of the organization.
This inside view of resources at EPM helps in diplomatic resource planning resulting in cleaner
utilization of resources and increase efficiency.
Standardization
Another important responsibility of EPMO is to standardize methods, processes, project
management exercises, and tools that cover the whole enterprise.
This program secures all the team’s talking points with each other in a single line and carrying better
energy as well.
Coordination between PMOs
There will be situations where a PMO is encountering a problem that can be fixed by reaching out to
different PMOs.
EPM because of its unique viewpoint, is able to observe the movements in different PMOs.
Thus they are able to coordinate among different PMOs and enhance the interaction between
various PMOs reporting to the EPMO.

As a result, it becomes an issue-solver with less risk.
Centralized Tracking, Auditing, and Reporting
EPM has the authority to track the project running elements. It periodically audits the process to
check for compliance with standard exercises.
EPMO also has the authority to track the portfolios, programs, and projects. EPMO will periodically
also audit these portfolios, programs, and projects to check for compliance with standard practices.
Having this cluster view, EPMO is in a stage to prepare reports and dashboards for the enterprise
leadership in a better way that helps them to make critical decisions to steer the ship.
All these project components scroll down under the EPM. So, EMP has a view of all the projects,
programs running across the organization.
Beyond this EPM has common goals for enterprise business. These are:
● Create and maintain a consistent world-class project management methodology and process
for all project management engagements across the company
● Train, certify if the possible, coach, and mentor project managers in not only project
management, but also project delivery to ensure skill mastery and consistency in planning
and execution
● Manage corporate and project priorities matching business goals with appropriate
technology solutions and provide increased resource utilization across the organization
matching skills to project needs
● Provide centralized control, coordination, and reporting of scope, change, cost, risk, and
quality across all projects
● Increase collaboration across projects
● Provide increased Client Satisfaction with project-related work through increased
communications, collaboration, training, and awareness
● Reduce time to market by providing better coordination and the right resources with the
right skills for the projects
● Reduce project costs because common tasks and redundant projects could be eliminated or
managed at the central level
● Reduce corporate project risk
Benefits of having enterprise project management methodology for an organization
Given that the EPMO performs the responsibilities mentioned in the preceding section reasonably
well, there are a number of benefits that an Enterprise PMO brings to an organization.
● More projects delivered on time and within budget.
● Better strategic alignment between business objectives and the projects initiated. Money
spent on the right things.

● Greater leadership buy-in for department-level projects and therefore greater chance of
project succeeding and getting support when needed.
● Better enterprise-wide utilization of resources.
● Lesser or no overlap of effort between departments. Lesser or no duplication of work
undertaken by different departments.
● Better communication across the organization and therefore quicker and better decision
making.
● Better collaboration and coordination across departments.
● Better visibility of initiatives across the enterprise.
● More bang for the buck. Greater returns of the projects implemented.
● More efficient delivery of projects and therefore faster time to market
● Better risk mitigation and structured risk resolution.
Conclusion
It may sound complicated, but enterprise project management software helps project managers take
control of the most complex projects and programs.
If you can leverage its benefits and capabilities, your projects are more likely to succeed.
Keep your company organized, optimize resource utilization and leverage a consistent rise in
productivity with the help of Orangescrum project and portfolio management software.
Download now!

The Common Goals of Enterprise Project Management Software

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The Common Goals of Enterprise Project Management Software