When you are involved in the enterprise project management level of a business, the stakes are extremely high. This is true at all levels of business and size business, but the enterprise is label as such because of the extremely large scale of the project that is involved.
To begin with, every enterprise project management must be set to industry standards so the framework of the project is universally acceptable along with the deliverables it will be producing. This all begins with the correct methodology that fits your business profile and the facility in which you will be creating your project. This methodology will include the different phases of initiation, planning, execution and closure.
One of the things the enterprise project management approach will clearly define for the manager is the Work Breakdown Structure of the proposed project. This allows the manager to know just what is involved, when it become relevant and how all the pieces are to fit together to conclude the project as a success. As part of this is the inclusion of the necessary process within the project. These processes are the correct management of time for the team members and the manager themselves. The costs that are associated with the project which are the purchasing of the raw materials, the availability of the equipment and possible renting of such along with the labor costs of running the project.
Other aspects of the enterprise project management that have to be thought about and managed include the quality of the deliverable. This has to meet the scope and goals of the business plan so the intended product is created. There are also larger risks involved that need to be correctly dealt with. These risks are on a larger scale because the size of the project is greater. This makes the possible negative impact of a risk to have a greater significance when encountered.
There is a great deal to consider when handling a large scale project and the enterprise project management programs are made to deliver on this scale. The proper usage and implementation of such a program is only as good as the understanding and discipline of the manger that is in charge of the project, but this tool makes it all possible.