Advantages of an EPM System
Let us now see some of the advantages of EPM are:
- One of the key rewards of converting to an EPM system is that projects have superior focus to their profitability. They fit within the organisation as building blocks to successfully meet the objectives and goals.
- Often, organisations discover that the wrong projects are being pursued because of a lack of criteria for selecting projects. Many times there are projects with less priority that would make a greater contribution to the organisation's success than the current ongoing projects.
- EPM requires an efficient approach to the allocation of resources to projects that have the more importance to the organisation's success. Once selected and implemented, the most important projects must get priority for resources and apt decisions for issues linked to those projects. Policies and procedures supporting the EPM will encourage the best allocation of critical resources.