Enterprise Portfolio Management
last edited by: Rakesh Mehta on Feb 13, 2018 1:28 AM | login/register to edit this page | ||
![]() Enterprise Portfolio Management (EPM) is a set of interrelated techniques and/or activities, systematically applied to maximize a company's investment decisions. This involves a centralized view of all major projects within the organization, viewing them as one portfolio or a set of portfolios being led by functional departments (IT, HR, Finance, Marketing, etc.). EPM differs from IT Portfolio Management in that its scope spans the entire enterprise, versus just the IT Department. IT Portfolio Management seeks to align IT projects with the business strategy. Enterprise Portfolio Management also seeks to optimize the value of all significant projects within the enterprise to deliver on the business strategy as a whole. Decision-makers must therefore not only consider the investment options under their control but also understand how the alternatives play with other components of the enterprise - either creating or depleting value overall. Proper alignment is essential. Top management clarifies direction and core-competencies; when all projects and programs center around these, profits soar -- or inversely, companies tank. Take your pick. A disciplined approach to portfolio management ensures at the very least the following life-cycle is considered: 1) start-up decisions, 2) investment maintenance, and 3) fulfillment of exit strategy. Techniques include:
Success CriteriaAt its core, Enterprise Portfolio Management enables accurate and objective comparisons of potential investments. It allows investment decisions to be made based on the best available information.To successfully implement enterprise portfolio management, an organization must:
Life CycleA successful enterprise portfolio management model happens by purpose, not chance. A life-cycle is custom to each implementation but at the core should include three most basic elements. Start-up Decisions
Software ToolsThe [email protected] PPM Software Evaluation Tool is a free vendor-agnostic software evaluation tool.
The Enterprise Portfolio Management Council (EPMC) is a non-commercial organization whose goal is to support and accelerate the development of Enterprise Portfolio Management processes, tools and techniques, for the betterment of the industry at large; and to create a forum where like-minded corporations can work together to improve the quality of their on-going portfolio management deployment. Portfolio management capabilities, though still in its early stages of maturity, has the potential to become a significant driver in helping corporations to expand market share and to improve efficiency, lower costs and reduce waste. With hundreds of billions of dollars spent each year on internal projects and programs, portfolio management has the potential to significantly increase the return on internal investments. AAA EPM Case Study by San Retna, Chief Portfolio Officer for AAA of Northern California, Nevada and Utah. Maximizing Return on IT Investments With Enterprise Portfolio Management by San Retna in ComputerWorld The Enterprise Solutions Competency Center provides the US Army with support for enterprise solutions. This is their EPM definition page. link is dead Institute for Enterprise Architecture Developments definition of EPM. Moneyproject - a look at the techniques involved in the Total Project Control (TPC) Methodology by Stephen Devaux on [email protected]
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last edited by: Rakesh Mehta on Feb 13, 2018 1:28 AM | login/register to edit this page | ||
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