Tuesday, April 15, 2014

Touching EPM (Enterprise Project Management)

As a part of our job, my profile includes working with different technologies across various domains. This helps us in understanding the bigger picture about the Enterprise Architecture across various verticals.

After the exploration of the EPM tool 'Smartsheet', this time we had another chance to get a closer look at the EPM. This time we expected a deeper dive, and for that, first step was to create a baseline of our existing knowledge into a common repository.

So here is a jargon of the common terms, acronym etc. around EPM:

EPM (Enterprise Project Management) - A streamlines procedure for managing projects running across the organization.
PMO (Project Management Office) - A group or department within an organization, that deals with, defines and maintains standards for project management.
EPMO (Enterprise Project Management Office) - An enterprise level PMO.
PMM (Project Management Methodology) - The standards or guidelines followed for EPM. There are several standards (PMMs) available, including:

  • PRINCE2 (Projects in Controlled Environments, version 2) - Developed by the UK government agency Office of Government Commerce (OGC) and is used extensively within the UK government as the de facto project management standard for its public projects. 
  • PMBOK (Project Management Body of Knowledge) -  Recognized as standards by the American National Standards Institute (ANSI).
  • IPMA (International Project Management Association) - A federation of National PM associations, supporting role-specific competence development and certification guidelines.
The PMBOK Guide recognizes 47 processes that fall into five basic process groups and ten knowledge areas that are typical of most projects, most of the time.

The five process groups are:
  1. Initiating
  2. Planning
  3. Executing
  4. Monitoring and Controlling
  5. Closing
The ten knowledge areas are:
  1. Project Integration Management
  2. Project Scope Management
  3. Project Time Management
  4. Project Cost Management
  5. Project Quality Management
  6. Project Human Resource Management
  7. Project Communications Management
  8. Project Risk Management
  9. Project Procurement Management
  10. Project Stakeholders Management

The Project Management Institute (PMI) is a not-for-profit professional organization for the project management profession with the purpose of advancing project management. In 2007, it earned the ANSI/ISO/IEC 17024 accreditation from the International Organization for Standardization (ISO) for granting credentials and certifications in the field of Project Management.

Here is a short list of certifications and credentials offered by PMI:

  • Certified Associate in Project Management (CAPM)
  • Project Management Professional (PMP)
  • Program Management Professional (PgMP)
  • Portfolio Management Professional (PfMP)
  • PMI Agile Certified Practitioner (PMI-ACP)
  • PMI Risk Management Professional (PMI-RMP)
  • PMI Scheduling Professional (PMI-SP)
  • PMI Certified OPM3 Professional

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