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Enterprise Project Management (EPM)

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What is Enterprise Project Management (EPM)? How does it differ from conventional project management?

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This solution explains enterprise project management. This solution also states the differences between enterprise project management and conventional project management. APA referencing and citation is followed throughout the solution.

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Enterprise project management presents an enterprise view of all project management activities, with an emphasis on coordination of these activities to the strategic advantage of the organization (McComb, Kennedy, Green & Compton, 2008). Enterprise project management represents a centralized management of portfolio of projects to ensure balanced resource allocation towards the strategic focus of the organization (Gray & Larson, 2006). The key difference between traditional project management and enterprise software management is the shift in effort and focus from tactical aspects of the project to the strategic aspects of the project. The key advantage of enterprise project management is that the resource allocation is done properly by the organization in line with the vision, mission and objectives of the organization. Enterprise project management methodologies can add value to the project planning process while at the same time provides a degree of standardization and consistency (Gray & Larson, 2006).

According to McComb et al. (2008), there are four key factors that contribute ...

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