Organization and Strategy in the Evolution of the Enterprise
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Contents:
Enterprise Project Management , in broad terms, is the field of organizational development that supports organizations in managing integrally and adapting themselves to the changes of a transformation.
What's New
Enterprise Project Management is a way of thinking, communicating and working, supported by an information system, that organizes enterprise's resources in a direct relationship to the leadership's vision and the mission, strategy , goals and objectives that move the organization forward. Simply put, EPM provides a degree view of the organization's collective efforts. In recent years, with general adoption of IT governance practices, Enterprise Project Management has become more specific: whereas in the s focus was generally on the management of the single project, in the subsequent decade, the focus lay more on the fact that a project is likely to be not the only one in the enterprise.
The project co-exists with many other projects in the enterprise, or may be part of one or more programs.
It may utilize human resources that are shared among other projects. In order to facilitate governance , it has become essential to be able to manage, monitor, and assess the status of all projects and other assets, of course in the enterprise, through a set of preferably uniform Enterprise Project Management processes, methods and application packages.
They might even select and implement a software system to support Enterprise Project Management.
An even more recent evolution in Enterprise Project Management is to not only plan and track the existing set of projects, but to create a portfolio per budget size, per calendar year, per budget year, per business line, et cetera of existing and future demand projects. This is called Project Portfolio Management. Just like the management of a portfolio of shares, Project Portfolio Management is the activity of selecting which projects to keep in portfolio because of their anticipated value and which ones to discard because of their obsoleteness or because they will not yield the value that was initially calculated.
Performing Organizational Assessments
Project Portfolio Management includes the creation of various scenarios to decide which is the best portfolio for a certain year, business, budget, etcetera. Dimensions of Model Key Questions 1. External Environment What are the key external drivers? How are these likely to impact on the organization? Does the organization recognize these? Mission and Strategy What does top management see as the organization's mission and strategy? Is there a clear vision and mission statement? What are employees' perceptions of these?
Dynamic Markets Demand Dynamic Management
Leadership Who provides overall direction for the organization? Who are the role models?
What is the style of leadership? What are the perspectives of employees? Organizational Culture What are the overt and covert rules, values, customs, and principles that guide organizational behavior? Structure How are functions and people arranged in specific areas and levels of responsibility? What are the key decision-making, communication, and control relationships?
Systems What are the organization's policies and procedures, including systems for reward and performance appraisal, management information, human resources, and resource planning? Management Practices How do managers use human and material resources to carry out the organization's strategy?
What is their style of management, and how do they relate to subordinates?
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Work Unit Climate What are the collective impressions, expectations, and feelings of staff? What is the nature of relationship with work unit colleagues and those in other work units? How appropriate is the organization's "job-person" match? Individual Needs and Values What do staff members value in their work?
What are the psychological factors that would enrich their jobs and increase job satisfaction? Motivation Do staff feel motivated to take the action necessary to achieve the organization's strategy? Of factors 1 through 10, which seem to be impacting motivation the most? Individual and Organizational Performance What is the level of performance in terms of productivity, customer satisfaction, quality, and so on? Which factors are critical for motivation and therefore performance?
Contact the SEG Team. What are the key external drivers? What does top management see as the organization's mission and strategy?
Organizations will be prepared for any possible growing pains, so they can anticipate them. The Illustrative Tools are expected to assist users when assessing whether a system of internal control meets the requirements set forth in the updated Framework. There is a growing trend towards 'voting with your dollar', meaning your purchase decisions have an impact on the community. A third definition is purely based on how the organization is legally structured, or formed as a legal entity. Prioritizing social good over financial stability contradicts rational firm management, which typically prioritizes financial and profit-seeking goals.
Who provides overall direction for the organization? What are the overt and covert rules, values, customs, and principles that guide organizational behavior? How are functions and people arranged in specific areas and levels of responsibility? What are the organization's policies and procedures, including systems for reward and performance appraisal, management information, human resources, and resource planning?