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Enterprise Project Management Software Buyers Guide
Frequently Asked Questions
Quick answers to common questions to help you better understand the product, features, and services.
Microsoft Enterprise Project Management (EPM) is an enterprise-level project management solution. The program helps organizations plan, track, and manage projects, resources, budgets, and timelines while providing real-time visibility and insights into project progress and performance. It is designed for large and complex organizations with multiple projects and teams.
ERP (enterprise resource planning) and EPM (enterprise project management) are different. ERP is a business management software that integrates functions such as finance, procurement, and inventory. EPM is a project management solution that focuses on managing projects, resources, budgets, and timelines. They serve different purposes and are designed to meet different organizational needs.
An enterprise project is a large-scale project that a complex organization with multiple departments or divisions typically undertakes. It often involves high levels of risk and requires extensive planning and coordination to ensure successful completion.
The four components of enterprise project management include: Program and portfolio management: It involves identifying, selecting, and prioritizing projects based on the organization's strategic objectives and available resources. Project management: This includes the planning, execution, and monitoring of individual projects. Resource management: It is related to the allocation and optimization of resources, such as people, equipment, and materials, across multiple projects. Collaboration/Communication: This component facilitates communication and collaboration among project teams, stakeholders, and other relevant parties.
Examples of enterprise projects include constructing a new facility, developing a new product line, expanding into new markets, and deploying a large-scale infrastructure project such as a transportation network or utility grid. These projects are typically complex, involve significant resources, and require extensive planning and coordination to ensure successful completion.