{"id":34127,"date":"2020-12-24T03:09:58","date_gmt":"2020-12-24T03:09:58","guid":{"rendered":"https:\/\/staging-mondaycomblog.kinsta.cloud\/?post_type=pm&p=34127"},"modified":"2025-10-05T06:38:07","modified_gmt":"2025-10-05T11:38:07","slug":"enterprise-project-management","status":"publish","type":"post","link":"https:\/\/monday.com\/blog\/project-management\/enterprise-project-management\/","title":{"rendered":"The role of enterprise project management in strategic execution"},"content":{"rendered":"

Enterprise project managemen<\/a>t often takes the cake when it comes to complexities\u2014managing a whole portfolio of projects across a range of teams, departments, branches, and even countries takes a lot of tactfulness and the right technology to support it.<\/span><\/p>\n

In this article, we will define enterprise project management, outline useful information about relevant software, and how to implement large-scale EPM in your company.<\/span><\/p>\n

Get started with monday.com<\/a><\/p>\n

What is enterprise project management?<\/h2>\n

Enterprise project management (EPM) describes the practice of managing projects on an organization-wide scale. It often involves the coordination of several complex projects at once. While the projects may not seem related, they all result in an impact on the same organization.<\/p>\n

There are 7 elements of EPM<\/a>:<\/p>\n

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  1. Risk analysis<\/li>\n
  2. Structured estimating<\/li>\n
  3. Project reviews<\/li>\n
  4. Project management coaching<\/li>\n
  5. Escalated issue management<\/li>\n
  6. Time accounting<\/li>\n
  7. Information system management<\/li>\n<\/ol>\n

    As you can see, some of these elements \u2014 like risk analysis and time accounting are similar to what\u2019s required of project management. The key difference is that they play out on a larger scale. These processes involve strong leadership and organization and may require the use of project management software<\/a> to successfully manage. Let’s take a look at one of these leaders\u2014 the enterprise project manager.<\/p>\n

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    One platform for better teamwork <\/div>\r\n
    \r\n with monday.com Work OS <\/div>\r\n \r\n <\/span>\r\n \r\n \r\n \r\n \r\n \r\n <\/svg>\r\n \r\n \r\n \r\n \r\n <\/svg>\r\n Get started<\/a>\r\n <\/span>\r\n <\/div>\r\n
    \r\n \"logo\"\r\n <\/div>\r\n <\/div>\r\n<\/div>\r\n<\/p>\n

    What does an enterprise project manager do?<\/h2>\n

    An enterprise project manager prevails over the various projects that are occurring in tandem across different departments. Their chief role is to ensure that these projects are meeting organizational expectations and goals. Key skills of an enterprise project manager include prioritizing and highlighting an organization’s business goals and then managing and grouping projects according to this. They also serve to manage dependencies between projects and prioritize certain projects over others without bias.<\/p>\n

    At some point certain projects will become no longer viable or will provide a lower return on investment than originally planned.\u00a0If trade offs have to be made, it\u2019s essential that management can tell which project to sacrifice for another to succeed.<\/p><\/blockquote>\n

    This becomes especially important to monitor when poorly performing projects may be hindering the progression of others.<\/p>\n

    \"project<\/p>\n

    A key component of enterprise project management is identifying which projects may no longer be viable and ditching them in favor of more lucrative options. This involves specific workflows and tools that give project managers a high-level view of all of the moving parts.<\/p>\n

    Get started<\/a><\/p>\n

    What is enterprise project management software?<\/h2>\n

    Enterprise project management software is essentially any tool that helps organizations manage multiple projects<\/a> both on a daily basis and in the long term. This includes everything from various measurements, monitoring scope creep, and more. In many cases, enterprise project management software will be a fully-fledged project management tool that extends beyond single project management into portfolio management<\/a> and multi-project assessment and reporting.<\/p>\n

    What are the essential capabilities of good enterprise project management software?<\/h2>\n

    Effective enterprise project management software platforms offer a few defining features:<\/p>\n

    Project portfolio management<\/strong><\/h3>\n

    Portfolio management is a feature that is important to EPMs who are managing projects across a variety of business areas. Portfolio-focused features allow PMs to analyze the potential return on projects, review costs and scope, and gain a big-picture on current or potential projects. monday.com even has a Portfolio management template<\/a> to help you tackle all of those tasks.<\/p>\n

    Management of global teams<\/strong><\/h3>\n

    It\u2019s not unusual in today\u2019s climate to manage a remote and distributed project team, or indeed, multiple teams. Large enterprise companies need project management software that allows for the management of global teams, inspires team communication, and updates in real-time.<\/p>\n

    Collaboration <\/strong><\/h3>\n

    Traditional project management<\/a> is, of course, often a collaborative effort, but enterprise project management takes this to the next level, requiring collaboration between multiple teams, business units, and often several project managers.<\/p>\n

    \"collaboration<\/p>\n

    Enterprise project management software must not only enable this form of collaboration on projects, but it must make it easy<\/em>.<\/p>\n

    Flexibility<\/h3>\n

    Because enterprise project management encompasses so many different projects and organizational needs, the enterprise project management software you choose should be flexible enough to meet them. For example, monday.com Work OS is not simply a CRM nor a project portfolio management tool, you can also use it to create workdocs<\/a>, create a knowledge base, or even monitor software development. You should also seek out software that can accommodate team growth and support multiple tools through integrations.<\/p>\n

    How is enterprise project management implemented?<\/h2>\n

    How do you go about actually implementing effective EPM? Here\u2019s 6 essential steps:<\/span><\/h2>\n

    Determine how EPM would be used<\/h3>\n

    Though there are some facets to EPM that are the same across the board, every enterprise makes use of this business unit in a slightly different way,<\/p>\n

    Before jumping headfirst into EPM, you should ask yourself:<\/p>\n