TABLE OF CONTENTS In the perfect world, a perfect business would projectize all work performed for any fiscal year of the business. In this perfect model, all work would be measured for success regarding time, cost, and value to the requesting customer. In this manner, all work would be projectized following a prescribed methodology for project delivery success as defined by business management. Since all work is limited within the business or the enterprise, project management would be throughout the business and thus the application of the project management practice, rigor, and discipline would be enterprised. This is the concept behind enterprise project management (EPM), simple as it may be.
In today's business world, the presence of a perfect business that projectizes all work is indeed rare. Understanding that the value of project management to business is to help the business grow, it becomes an interesting question as to why project management is not utilized more to do just this!
EPM tools consolidate information flow produced by projects. In addition, this type of software is sometimes designed to interface with business systems such as time entry, accounting systems such as labor distribution, general ledger, human resource systems, and many more. EPM tools can enable faster information flow from the originating source, such as a project team member entering his or her labor for the week which within five minutes can be ready for accounting treatment in the business general ledger, to restating the...
