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Essay / Research Paper Abstract
A 3 page paper that explains what enterprise project management can do and its benefits. The writer comments on the differences between project management and enterprise project management. Bibliography lists 3 sources.
Page Count:
3 pages (~225 words per page)
File: ME12_PGepm11.rtf
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Unformatted sample text from the term paper:
the organization through a continuous stream of projects, improvements in the organization and its operations, strategic initiatives and any other transformations in which the organization is involved (QuantumPM, 2008; Microsoft,
2003). EPM is both an approach and a philosophy. The philosophy is based on the principle that organizations can achieve their goals more successfully if those goals are managed through
a number of projects (QuantumPM, 2008). All EPM systems require people, technology, and processes in order to operate efficiently. A systematic approach is needed and this approach includes operational
improvements and strategic projects (QuantumPM, 2008). Impress (2009) points out that strategic initiatives can cost a firm millions of dollars in resources and they will use tens of thousands of
hours of personnel hours. How these initiatives are managed will affect that organizations profit. An effective EPM can assure success leading to greater profitability for the company (Impress, 2009).
Consider these differences between project management in and of itself and enterprise project management. Project management manages one project and focuses on the here and now. It is concerned with
being on time and on budget. In terms of technology, it is a desktop program. Enterprise project management manages multiple projects at the same time, it intends to lower
costs, is includes a schedule, and in terms of technology, it is server or Internet based (Microsoft, 2003). Enterprise project management is important and valuable because all organizations must
become more efficient and ore timely. Organizations are also faced with a rapidly changing marketplace and increased competition in the global sphere. Also, projects tend to fail at an alarming
rate which is very expensive for companies. One of the major reasons for projects failing is a lack of clear and effective planning (Microsoft, 2003). A good enterprise project management
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