(This is the fourth blog in a series on business outcome-based conversations.)
To run projects, many companies use a web of in-house developed tools, commercial software and spreadsheets. But is this siloed and disjointed approach the best way to succeed?
Now imagine a singular portfolio and project management environment, seamlessly integrating data between different disciplines, standardizing processes across the enterprise and providing crystal clear visibility into the performance of every project … in real time.
Just like an enterprise resource planning (ERP) system delivers a singular view of an organization's financial performance, this strategic solution would deliver the same for the entire lifecycle of capital projects. Hexagon's Enterprise Project Performance (EPP) Strategy drives superior efficiency, predictability and control across a project’s ecosystem, resulting in reduced project costs, improved schedules and more empowered business decisions.
ERP and EPP run in parallel, seamlessly and automatically exchanging mission-critical data, elevating the importance of accurate forward-looking data way beyond that of commoditized backward-looking data in the ERP.
The EPP then creates a singular management platform for the full project lifecycle – spanning Project Portfolio Management, Project Controls and Contract Management – effectively combining native data with that from any number of external sources.
This strategy is designed to broaden perspective since “on time / on budget” is no longer the only benchmark for success. Ensuring that projects are delivering well-defined business and financial goals is the most critical success factor.
Enterprise Project Performance maximizes margins for contractors and returns for project owners and agencies by reducing project costs, cutting related IT and PMO costs, and achieving greater strategic alignment in project selection.
The result? A simplified, integrated home for standardized processes, real-time analytics, improved decision making, and optimized resources.
Read more in this series, "From Product-centered Push to Outcome-based Conversation":
* Maintain the Digital Chain (Digital Fabricator)
* Employing the Human Sector (Shift Excellence)