Enterprise Project Management facilitates governance to ensure resources are being used efficiently (see resource management) and company initiatives are being completed successfully and on time – improving the bottom line. It has become essential to manage, monitor, and assess the status of all projects and resources in the enterprise through a set of processes, methods and application packages.
Typically, organizations that adopt an Enterprise Project Management methodology will set up a Project Management Office (PMO), as well as implementing an EPM software system, like VirtualePM®, to support Enterprise Project Management. Most enterprise project management systems take months to design, configure and implement. VePM is preconfigured with industry best practice and can be set up in just days without the expense of lengthy consulting engagements and IT infrastructure costs.
An even more recent evolution in Enterprise Project Management is to not only plan and track the existing set of projects, but to create a portfolio of existing and future (demand) projects. VirtualePM® is a complete software tool for this process, which is referred to as Project Portfolio Management.
Contact us today to schedule a free demo and learn more about how VirtualePM® can help you achieve the business objectives vital to your organization.
