Enterprise Project and Portfolio Management (EPPM)

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What is an Enterprise Project and Portfolio Management (EPPM) Solutions?

 

EPPM    This is my first in the series of blogs that I am using to define the EPPM framework and how it can be applied to various industries/domains. Surprisingly, the EPPM vendors do  not have a single universally accepted framework or definition of EPPM.  This debate gets even more interesting when an ERP EPPM vendor differentiates itself from a non ERP EPPM vendor.  If you believe this to be a vendor issue, the PPM customers seem to be as confused as well. I don’t think defining EPPPM is as controversial as defining   ”What is Product Life-Cycle Management (PLM)”, but more needs to be done to come up with  framework or a chart that can be used by the customers to clear up the confusion.

Before I delve into EPPM framework or even its high level definition.There seems to be an underlying definitional issue about the understanding of PPM and ITPPM. PPM has and is being used synonymously with ITPPM by a couple of analysts, though I see many vendors clearly differentiating PPM from ITPPM. In my recent conversation with Genius  inside’s Neil Stolovitsky,   who has his own blogging site, defined IT correctly as a horizontal area/component of PPM.
Project and portfolio management applications are used to  manage projects for products, processes, resources and services across various industry verticals. That’s a very high level definition of PPM without going into budgeting, scheduling, allocation, reporting, time sheet management, earned value management details etc. ITPPM applications are used to manage IT based projects, resources, costs etc.  So in plain words PPM is superset encompassing ITPPM, Product Development, Professional services and automation, Architecture-construction, engineering and other industries.

EPPM software applications are  used to  schedule, allocate, monitor, optimize and manage projects activities and resources to across the enterprise with seamless integration between disparate divisions to achieve firms business and financial objectives.

Core PPM vendors that do not provide an ERP solution, but seamlessly integrate with popular ERP’s solutions from Oracle and SAP etc also provide  EPPM applications. Though my definition and graphical representation depicts a broader view of EPPM applications, it can always be applied at a much smaller scale. Probably if your project and portfolio management (PPM) software integrates seamlessly with an ERP solution such that it addresses more than just one domain (IT, NPD,AEC etc) you ought to be  an Enterprise Project and Portfolio management (EPPM) vendor.

Some of the benefits of an EPPM implementation are:

  1. Ability to view  status of projects across the entire enterprise (Proposed, WIP, completed, etc)
  2. Track project(s)  schedules  and  their delivery date with resource analysis.
  3. Financial analysis on the entire enterprise portfolio of projects.
  4. Department and execution stakeholder recognition to determine the  evolution of program(s).
  5. Track money spent and alignment of divisional projects with enterprise/overall business’s goals.
  6. A complete view of benchmarks for future spending and overall definition of the business direction.

 

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