Advantages of an enterprise project management system, Other Management

Assignment Help:

Advantages of an EPM System

Let us now see some of the advantages of EPM are:

One of the key rewards of converting to an EPM system is that projects have superior focus to their profitability. They fit within the organisation as building blocks to successfully meet the objectives and goals.
Often, organisations discover that the wrong projects are being pursued because of a lack of criteria for selecting projects. Many times there are projects with less priority that would make a greater contribution to the organisation's success than the current ongoing projects.

EPM requires an efficient approach to the allocation of resources to projects that have the more importance to the organisation's success. Once selected and implemented, the most important projects must get priority for resources and apt decisions for issues linked to those projects. Policies and procedures supporting the EPM will encourage the best allocation of critical resources.

Related Discussions:- Advantages of an enterprise project management system

Short-turm financing, What are the three approach to the short-term financi...

What are the three approach to the short-term financing problem and provide relevant examples for each ?

Physical forms of catalogue, Physical forms of catalogue

Physical forms of catalogue

Jewetts rules - british museum cataloguing rules, Jewetts Rules - British m...

Jewetts Rules - British museum cataloguing rules: Jewett, Charles Coffin. Smithsonian report on the construction of catalogues of libraries and their publication by means of s

Academic management system, Note that the goal of this assignment is to ass...

Note that the goal of this assignment is to assess your understanding of the core principles of good OO design (e.g. the advantages of using inheritance and polymorphism etc.). As

Inside and across boundaries - communities of practice, Inside and Across B...

Inside and Across Boundaries The Communities of Practice might exist within a business unit or stretch across the divisional boundaries and most of them cross the boundaries be

reference section-staff activity area of library building, Reference Secti...

Reference Section-Staff Activity Area of library building in library management Reference activity is one of the most important activities of a library and very often it is th

Cataloguing work - library management, Cataloguing Work: The objective...

Cataloguing Work: The objective of the catalogue is to provide nodes tool that give information about all documents available in a library. The catalogue must be designed to

Charging desk -circulation area in library building, Charging Desk -Circula...

Charging Desk -Circulation Area in library building This is the key functional area of the library and a great deal of thought should be given to its location, size and shape

Kinds of library bindings, KINDS OF LIBRARY BINDINGS: Having got a bri...

KINDS OF LIBRARY BINDINGS: Having got a brief introduction to the processes of binding, lot us discuss the kinds of binding required for the different types of documents in a

Cost leadership strategy, QUESTION 1 (a) Based on the Strategic Impleme...

QUESTION 1 (a) Based on the Strategic Implementation Framework, discuss the various factors that should be considered when implementing a strategic plan. (b) What are the ma

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages