When it comes to enterprise PPM, you think of project portfolio management on a wider, organizational scale. It helps the business owners to gather all the projects and categorize into portfolios for better visibility and insights. In this article at Wrike, Lionel Valdellon talks about 3 challenges that you might face while dealing with enterprise PPM.
Challenges of Enterprise PPM
The requirements for an enterprise PPM are manifold. There can be projects in different parts of the organization doing the same tasks to achieve the same goals. Since there are multiple projects, hardly anyone checks if those are delivering value. Some projects are not even aligned with the company objectives, especially the larger ones. Projects that could benefit the company are gathering dust in the shelves due to a delayed response. Resources are working on more projects than they can handle. Enterprise PPM streamlines all these issues. However, the approach itself has some challenges that you must take care of first. Have a look:
- Governance: It is easier to monitor and evaluate a single project. When it comes to maintaining governance throughout the enterprise, the processes are more complex. For a single nod, you need more stakeholder participation spread across the organization to come to a consensus.
- Implementation: Since you must monitor task status simultaneously, you must have managers that are excellent and seamless in running, synchronization, and management.
- Finance: Since portfolios carry more projects, the evaluation board walk on thin ice. The entire portfolio depends on their power to analyze, register, and alert and keep the budget on track.
To view the original article in full, visit the following link: https://www.wrike.com/blog/major-challenges-enterprise-project-portfolio-management/