Enterprise Project Management Helps Manage Projects In An Effective And Efficient Way

Enterprise project management runs in the principle of adaptability and balance between interdependent elements of a project. Businesses and projects have grown more and more complex, forcing project management systems to evolve to meet their changing needs. Today, project management no longer refers solely to the process of directing a team through a project's initiation all the way to completion. Because projects create impact across the whole enterprise, management requires taking into account all aspects of the business. Enterprise project management has given birth to the idea of project portfolios, where interrelated projects can be managed, whether they are currently existent or are still underway. The job of a project manager is to oversee the project so that it keeps with the schedule and the budget set. On the other hand, a project portfolio, in its entirety is overseen by an overall project portfolio manager, whose task is to evaluate each project and monitor whether or not all projects are working together to reach the business' key objective.  

Enterprise project management is concerned with multiple projects, which is why portfolio managers must consider all outside factors that might affect the entire enterprise. This is hundred-fold more complicated than typical project management tasks, which is why software tools have been developed to help managers and businesses get a hold of the situation. Enterprise project management offers a wide range of benefits for business and project managements. EPM tools and programs allow you to avoid poorly executed projects, because a great deal of planning goes into each project from the start. You avoid missed deadlines and budgetary issues as each situational risk is projected from the get go. EPM not only safeguards against risks, but also increases the team's efficiency while reducing project costs.

Cloud Based Project Management Software Are Significantly More Functional

Cloud based project management and computing has grown leaps and bounds in the past 5 years, with more and more businesses turning to web-based project and portfolio management. Here are some of the best advantages of cloud-based project management to help you decide whether to switch to an online system or stick with your on-premise program:

1. Very little maintenance – Cloud-based programs are licensed, maintained, deployed and undated in a hosting company's hardware. This means your company doesn't have to worry about software or hardware maintenance. At best, upkeep will only be minimal. Finding a cloud-based project management company that can provide you with all the tools and services that you will need for your operations will significantly reduce your IT infrastructure and manpower investment. With lower maintenance and labor costs, you can allocate resources to better use.
2. Accessible from anywhere – With traditional on-premise project management and hosting, you are limited to in-house data and document access, as opposed to having access to all your project and client data anytime and anywhere you have internet connection in cloud-based systems. This will prove convenient for out-of-office employees as well as for those who want to catch up on work while away from HQ.

Better productivity and easier implementation – Cloud-based PPM is also much easier to implement than on-premise hosting because there is little to no set-up required. Unlike on-premise programs where your in-house IT will have to manage software and hardware installations before getting any real work done, projects can start almost immediately as you sign up for cloud-based project management. The best cloud based systems can also be used for free during a trial period, and upgraded to a full version of the program should you decide to continue using the system.