Explain Why Is It Best To Have Six Or Less Life Cycle Phases In An Epm

T Why is it best to have six or less life-cycle phases in an EPM system?

Enterprise Project Management (EPM) and the critical importance of taking an enterprise-wide view of project management as a process that is a critical factor in helping organizations meet their strategic goals.

Enterprise project management (EPM) is a common and collaborative approach to managing programmes, projects, work and resources within an organization. The EPM is defined as an organization that has embraced the people requirements, processes, technology, structure and strategy to deliver EPM across its portfolio of change.

An enterprise may be any organization that serves internal or external clients. Regardless of the terminology, we recognize that

Process

A unified approach to identifying, prioritizing, planning, authorizing, executing controlling, and closing programmes, projects, and other work packages need to be agreed, documented and instilled within the organization and the people.

While these processes are often 'understood', and in part practiced within organizations from experience, they are very rarely clearly documented and, as importantly, completely accepted.

Processes will need to cover all elements of the life cycle from defining the organization's strategic objectives, identifying new opportunities for change and subsequently prioritizing them against the strategic objectives through to the detailed processes for the management and control of individual projects and programmes.

EPM processes should be designed based on a combination of best practice and realism. All processes must have an owner, a roadmap and an agreed approach to change management. As an organization's maturity evolves, so these processes evolve alongside. Documented and agreed processes will need to be embedded within the organization with people understanding their usage, a structure, and technology to help enforce them and a strategy that realizes their

Enterprise Project Management(EPM) is a typical and synergistic way to deal with upcoming programs, projects, work and services inside an association. The EPM is characterized as an association that has focused on the people necessities, processes, technology, structure and procedure to convey EPM over its arrangement of progress.

An enterprise might be any association that serves internal or external clients. Regardless of the terminology, we perceive that project management goes well past the initiating, planning, executing, controlling and shutting of individual tasks and should address the multi-project environment and the connection amongst projects and the association's strategic goals and objectives.

Enterprise Project Management (EPM) incorporates the full scope of issues to help and perform PM, including arrangement and methodology setting, the association structure required, the data and investigation required for basic leadership at different levels of the association and the processes that are performed to deal with the enterprise level portfolio, multi-project portfolios and individual