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EPMC
EPMC
The Enterprise Portfolio Management Council, founded in 2005, 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.This section is a gathering of their thoughts and ideas relating to EPM. Please review what's here and add some of your own.
EPM Tips From The Pros
- by Mike Mee,san retna,
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| If the value of Enterprise Portfolio Management is self evident, why have companies been so slow to adopt the practices? Join EPM leaders
from The EPMC* in an engaging dialogue about building traction in
enterprise portfolio management and optimizing portfolio investments.
* Current EPMC founding member organizations include American Express, AAA, Coca Cola Enterprises, Chevron, Franklin Templeton, HP,
Johnson&Johnson, Royal Caribbean Lines, Thorp Network, TransformAction and TransUnion.
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Enterprise Portfolio Management
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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.).
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Project Portfolio Management
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A set of interrelated techniques and/or activities, undertaken to maximize project investment decisions. This includes project demand management, project ranking, portfolio balancing, enterprise resource planning and master scheduling. To successfully implement enterprise portfolio management, an organization must embrace transparency, be forthcoming and honest in investment analysis and possess competent managers responsible for projects, on-going operations and assets.
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Demand Management
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Demand Management is the allocation of capital, infrastructure, human, and other available resources to initiatives that will create the most value for the organization. Demand Management attempts to find balance in the project management triangle of scope, schedule and budget. Demand Management also is known as Cost Management. However, it is not to be confused with Cost Containment or Cost Cutting.
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The Right Mix |
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To keep new projects on track, treat them as a portfolio...
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