In most organisations multiple projects co-exists with many other initiatives or programs. All have various priorities, some are strategic, some tactical and some should not be done at all.
Enterprise Project Management (EPM) is a process, system and mindset to facilitate transparency, management and governance support to projects at an organisational level.
In order to facilitate governance and to ensure the projects are aligned with the strategic intent of the enterprise, it has become essential to be able to manage, monitor, and assess the status of all projects. To achieve this enterprise wide view of projects a set of (preferably uniform) Enterprise Project Management processes, methods and applications is required.
Organisations that adopt a best practice approach to Enterprise Project Management set up a Project Management Office (PMO), adopt a Project Management Methodology or standard like PRINCE2 or PMBOK then select and implement a software system to support Enterprise Project Management. Once these processes and systems are in place, the organisation will create and track a portfolio of existing and future projects leveraging Project Portfolio Management techniques.
Implementing Enterprise Project Management systems needs to be considered in association with the organisation's Project Management Maturity, methodologies, processes and governance structures that are currently in place.
For more information take a look at the PM Partners site
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