Working of enterprise project management within the model, Other Management

Assignment Help:

Working of EPM within the model

The replica of the enterprise functions provides the foundation for implementing a rigorous move to selecting projects that have both strategic and operational fit to provide the most benefits for the organisation and its stakeholders.  From  the  top  down,  the  model works  from  all-  purpose, organisational guidance to project-specific implementation. The nodes are connected in some way to ensure consistency of purpose and predictable outcomes. The ensuing outcome for the organisation is that every project makes a positive contribution to the enterprise in support of the mission. Some items that must be incorporated in the policies and procedures are the following.

Project selection:  Each project selected must meet criteria that confidently point out a contribution to the success of the organisation and that each project must be within the scope of the organisation's objectives and goals. Projects must be accepted and implemented for specific reasons such as R&D, building a product or service for sale, creating a product for a client, and  initiating organisational  change.  Choice  of  a  project  that  does  not directly contribute to organisational success is a consumption of resources that detracts from the business.

Project planning:   Every project needs some point of planning to set up goals that are to be met, to design a roadmap for the implementation of the project,  to  establish  controls  over  the  project's  implementation,  and  to design the means for finishing the project. Huge projects necessitate more planning to describe the work and visualise the overall concept of operation. Small projects, on the other side, require considerably adequate planning.

Project   termination:   Projects   are   frequently   selected   and   become unsuccessful in the early stages. These projects do not provide evidence to be beneficial to the organisation. Other projects advance with some difficulty or little difficulty. It is vital in EPM to know about when a project has the potential to deliver the promised benefits or whether there should be early termination. Pre mature termination and harvesting of the work that has been completed may be the most excellent solution for projects that cannot deliver all the promised benefits. Projects that are victorious also need to have a plan for termination following the products and services are delivered to the client. The termination of successful projects is basically closing out all activities in an orderly manner.

Project controls: A source for measuring the progress of projects not in favour of the plan must be in place. Project growth requires information from the project plan (the roadmap) and points inside the project to obtain information that objectively shows the forward movement. The system that collects the appropriate information from the right points within the project will give the best indication of the project's rate of accomplishment. It should be observed that "project status" is a snapshot of where the project is at a given time whereas "project progress" is the disparity between the plan and the actual work accomplishment.


Related Discussions:- Working of enterprise project management within the model

Factors that influence the level of market interest rate, Question 1 Suppo...

Question 1 Supposing you are the CEO of MS Bank Corporation. Your bank is facing interest rate risk, which has affected its operation significantly. Deliberate the factors that i

Describe the process of communication, Question 1 (a) Using examples, ...

Question 1 (a) Using examples, describe the process of communication, including the different elements of the communication process. (b) Show the different functions of co

Describe the levels of consumer decision making while buying, Question 1 E...

Question 1 Explain the components of learning and also classical conditioning theory in brief Question 2 Briefly discuss the decision-making models(any three) Quest

Instructional leadership, 1. What instructional technology and techniques i...

1. What instructional technology and techniques increase student achievement? 2. Does single-gender education increase student achievement? 3. Does class size impact student achiev

The principles of job design, QUESTION 1 Business policy aims to meet t...

QUESTION 1 Business policy aims to meet the organisation objectives by maintaining or increasing market share and diversifying or with meeting any financial, political or statu

Methods of assessing information needs, Methods of Assessing Information Ne...

Methods of Assessing Information Needs: As mentioned above there are two sets of methods: One used in user studies for analysing verbal behaviour and the other in use studies

The implications of the efficient markets hypothesis, QUESTION (a) Expl...

QUESTION (a) Explain and discuss the implications of the Efficient Markets Hypothesis for the financial management of quoted companies (b) "One of the characteristics of an

Filing equipment -library equipment , Filing Equipment -LIBRARY EQUIPMENT-L...

Filing Equipment -LIBRARY EQUIPMENT-LIBRARY MANAGEMENT  Provision for filing has to be made for many kind of materials, from architectural and technical f very  large size  to

Teachable point of view and knowledge creation, QUESTION 1 What standar...

QUESTION 1 What standards of ethics and integrity would you recommend for an organization that go beyond obeying the law and why? QUESTION 2 (a) Briefly set out the

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd