...Leadership wants better visibility via reports and dashboards as to how organizational resources are being deployed and how those investments align with corporate priorities
Santa Clara, Calif. (PRWEB) March 07, 2012
In a recent cross-industry poll of project and portfolio management professionals and stakeholders, 60% indicated that their organization is either formally investigating, implementing or is already pursuing an Enterprise PPM strategy and system approach. EPPM refers to an integrated top-down approach to managing multiple project-intensive environments – such as IT PPM, new product development and business process improvement – across the enterprise. This contrasts with the traditional approach which relies on a combination of manual processes and desktop tools (e.g. Microsoft Excel and Project) and “best-in-breed” PPM applications for each project portfolio environment.
The primary drivers for this trend is the need for basic visibility to project work across the enterprise and improved resource utilization and capacity planning with more than two-thirds of respondents indicating that these are the most compelling and achievable benefits of moving down the EPPM path.
Enhanced business strategy and program execution and better reporting on cross-departmental projects and portfolios were also viewed as strong EPPM value propositions by a clear majority of respondents.
The polls were taken during a February 8, 2012 live Webinar event entitled: The Enterprise PPM and PMO Blue Print: Strategies and best practices for taking a top-down, enterprise-wide approach to PPM processes and system deployment. The Webinar was jointly hosted by Santa Clara -based EPPM solution provider, Instantis, and Info-Tech Research Group, a global leader in providing IT research and advice. Over 200 individuals attended the event and participated in the polls.
According to Info-Tech Research Group Senior Research Analyst, Barry Cousins, the needs expressed in the poll results for better project visibility, resource management, enterprise-wide reporting and strategy execution are connected. “With the increasingly distributed nature in which project work is executed in organizations, leadership wants better visibility via reports and dashboards as to how organizational resources are being deployed and how those investments align with corporate priorities," said Mr. Cousins. “The relatively lower resonance of the cost benefit [TCO] is an indicator that the business climate may indeed be improving, as organizations are now more focused on transformational benefits like better strategy and program execution rather than tactical cost concerns.”
One enterprise that is actively pursuing the EPPM approach is premier specialty chemicals and materials company Grace. According to the EPPM deployment leader, Jeff Martin, the organization's goal is to leverage a single platform for managing productivity management, new product development, merger integration, as well as IT PMO projects. “We wanted greater visibility to project alignment with strategic initiatives, as well as better visibility to project activity and results to improve accountability,” said Martin.
Grace has deployed the Cloud-based EnterpriseTrack™ EPPM system from Instantis and is starting to see benefits relating to system consolidation such as simplified system administration and organization-level reporting, as well as cross-initiative resource utilization. “This approach has also dictated that we develop a common language and set of definitions for communicating across project-intensive environments enterprise-wide,” said Martin. "This should contribute to improving our project and program execution moving forward.”