P6 Professional is primarily used on small-scale projects, and the software is only capable of handling a few projects at once. EPPM is used on larger projects and allows users to manage multiple projects as well as all associated activities from a centralized database. Also, installation of P6 EPPM is faster than P6 Professional when used by a large enterprise.
Enterprise Project Management is a comprehensive approach to project management. It considers how direct and indirect influences impact the project’s progress as a whole. As a result, it includes risk analysis, scaling of project processes to match size, monitoring of project resources, continual reporting and analysis of cost versus benefit and the use of tools to manage all of these aspects.
There are five primary ways EPM can positively benefit a company’s bottom line:
– Reduce administrative overhead and potential errors through automated billing and budgeting processes.
– Provide a heads up on problems and discrepancies in real-time, giving you the ability to deal with them before they snowball.
– Lower overall costs due to streamlined processed and increased efficiencies.
– Minimize downtime.
– Ensure the timely success of projects. This minimizes opportunity cost, and the sunk costs of a failed project.
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.
A business intelligence dashboard is simply a visualization of key performance indicators, metrics, and analytics for a given company. All of this information is compiled, analyzed, and simplified for viewing on one screen, which allows for faster, data-driven decision making. Information may be presented in a variety of charts, graphs, and graphics, which may include 3D images for complex operations.
A project management dashboard is part of a software program that allows project managers, executives and stakeholders to review the most pertinent information of a project at any given time. The benefits of a project management dashboard range from improved collaboration to better budget control, but the most significant benefits revolve around communication and usefulness in large-scale projects.
Direct ROI is a measure of “finite,” quantifiable values, such as material costs. Direct ROI boosts efficiency, reduces risk and better defines roles and responsibilities. Indirect ROI reflects items and processes that requires subjective assessment of value, such as likely percentage of time spent searching for documentation. Indirect ROI enables enterprise-wide collaboration and standardization of processes when paired with direct ROI calculations. The formula for calculating direct or indirect ROI is the same, ROI = Net benefits / Cost.
Oracle Primavera P6 offers named-user licenses that are not sharable. A license is owned by the purchasing entity, and only one user can use a single license at a time. However, the purchaser is allowed to swap licenses between individuals.