Saturday, June 23, 2007

Chapter 13 Enterprise Project Management

What is Enterprise project management (EPM)? It consists of four components which are processes, technology, organization structure, and people, and EPM is the integration of those components for the execution of projects. The three tiers of management in the EPM model are project management, program and multiproject management, and project portfolio management.
The roles of the project management are to define, plan, and control a single project. The roles of the program management are to remove deploying limited resources such as personnel among many projects, to track relationships among projects, and to manage projects or tasks that add value across projects. And the role of portfolio management is strategic planning and budgeting, so it involves authority, budgeting guidelines, strategic and operational goals, discipline, accurate project information, and phase gates.
The three tiers of EPM can operate only when the four components are in place-processes, people, technology, and organization. How to put them in place? For the processes, establish consistent EPM processes. For example, create standard deliverables and approvals for each project phase, define practices requires assigning responsibility and authority, separate project management practices from development practices, and use different management standards for different projects. For the technology, apply all of the lessons from the same project success factors. For example, build the EPM team to include key skills and knowledge areas 1) high user involvement in system design, 2) a strong sponsor, 3) business analysis skill, 4) project management expertise, 5) tools or technology expertise, and 6) IT expertise. For the people, project office has a large range of responsibilities.
The roles are
Maintaining project management standards,
Maintaining project history
Organizing training
Mentoring and consulting support
Schedule analysis and budge analysis
Enterprise project management technology
Multiproject coordination
Project oversight
Making project management decisions
Supervising project managers in their project responsibilities
Meeting quality, cost, and schedule objectives
Career growth for project managers
Supply project managers to the organization
Participate in project portfolio management

For organization, there are the three organizational models-function-driven, matrix, and project-oriented. You need to consider following six factors to decide the best fit for a given company.

Organizations that spend a majority of their budgets on projects are better served by a more project-oriented structure.
In a function-driven environment a project-oriented style will increase efficiency.
A firm with a majority of its revenue coming from a few large projects should be more project-oriented than a firm with a firm with many small projects.
A firm with a great deal of similarity among the projects will be function-driven.
Companies relying on their experience to build up a knowledge base will be function-driven.
A firm with an inability to predict the volume of project work will become more project-oriented.

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