How Does Enterprise Project Management Differ From Traditional Project Management?
There are many different types of project management in the modern world, but enterprise project management and traditional project management are the two most common forms. In a sense, both forms of project management have significant similarities and processes.
However, the scope of each form of management differs dramatically, and as a project manager, you need to understand the key differences between enterprise project management and traditional project management.
Enterprise Project Management and Traditional Project Management Differ in Size
Size is the most striking contrast between enterprise project management and traditional project management. Project managers of traditional projects usually only manage small-scale projects. For example, a small office building or a home may be considered traditional projects.
Yet, managing the construction of two office buildings for a corporation would be considered enterprise management project. Ultimately, enterprise projects tend to be bigger and last longer than traditional projects.
Enterprise Project Management Involves Multiple Projects or Programs
Enterprise project management is also heavily involved in managing multiple projects or programs on behalf of a company. For example, companies in the oil and gas industry may be responsible for overseeing the drilling of multiple wells, the refinement of oil and its distribution.
As a result, multiple project managers may be necessary for managing each part of a program. In other words, each portion is comparable to a smaller project under the direction of a project manager.
Enterprise Project Management Focuses on Adding to the Value of the Whole Company
For enterprise project management, the focus is on adding value to the whole company. As mentioned previously, enterprise-level projects can easily span large geographic boundaries and last longer than many project managers wish to be employed. Consequently, enterprise project management must focus on ensuring all projects benefit the whole company.
For example, an enterprise project may require weekly reports from each project manager within a given program. However, this information is specifically tailored to provide insights to stakeholders and executives. In other words, extraneous details are left out.
Traditional Project Management Focuses on Completing Projects According to a Minimal Budget and “Fast” Time Frame
Traditional project management may or may not be used for the benefit of a company. For example, a person who wants to renovate their home may use traditional project management tactics. However, the potential problems and status can be easily viewed by simply visiting the site.
The traditional project manager may not have to worry about compiling extensive reports or completing risk analyses every week in this scenario. Yet, the opposite holds true for enterprise project management.
Enterprise project management and traditional project management are two different ways of managing the completion and ongoing work of small and large projects. As projects grow in size and complexity for enterprisewide use, additional tools and resources are needed to keep the project on track. Fortunately, you can effectively manage your project by understanding these differences and what is expected in terms of capacity.
Key Things to Remember
- Traditional project management tends to revolve around smaller projects, and enterprise project management may involve large-scale projects.
- Enterprise project management helps align business values and strategy with each project, and project managers may be used to help control each project within a given program.
- Traditional project managers may not need as many tools and resources to effectively manage a project.
- Enterprise project managers need advanced analytics and business intelligence tools to ensure all parts of a project are working properly and meeting the expectations of stakeholders.