Wednesday Aug 06, 2014

The best practices of EPPM

Governance: Ensure alignment of strategy, execution and results.

Resource Management: Support top-down and bottom-up resource requests and staffing processes and make it easy for project and resource managers to communicate their requirements and decisions throughout a project’s lifecycle. Provide a graphical analysis of resource and role utilization in order to help project teams manage resources in a dynamic environment and allow managers to see where resources are being used across all programs and projects, as well as their forecasted future use.

Communication and Collaboration: Quickly record, access, and review elements often to determine the successful outcome of a project. Adopting the ‘one single view of the truth' approach enables you to store everything about your project in a single, secure place enabling visibility into any potential issues or delays via workflows and alerts.

Reporting and Analytics: Deliver timely information for accurate decision making.

Cost Management: Roll up all costs to a central cost sheet normalized by a robust cost code structure, where project cost information is available for drill down by work package or for the entire project.

Cash Flow Management: Reliably forecast final costs by taking into account actuals to date, changes, trends, and risks over time.

Funds Management: Leverage a funds management capability that is fully integrated with the cost sheet, ensuring visibility of funding against project budgets, actual spend, and forecasted spend.

Document Management: Ensure that everyone is always working on the most-current versions, for storage of attachments, file control access, e-mail alerts, and version control.

Contract Management: Manage all of your contracts regardless of type, from simple material procurement to complex construction contracts and capture all relevant contract details.

Change Management: Manage all transactions leading up to and resulting in a schedule or cost change using approval workflows 

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