Take a moment to think about all that goes into a project. There is a set scope, budget, schedule and timeline. More companies and project management professionals are continuously looking to cut costs and improve visibility. Risks may evolve into threats. Opportunities can evolve into big savings and better visibility. Or, they can result in major changes to your plans. Even the most stringent of project portfolio management plans are subject to change. Political upheaval may lead to revocation of permits. Workers may uncover environmental instability during construction and much more. In all likelihood, the need to reduce project costs will increase as the project moves forward. Things change, and issues will occur, threatening complete collapse and failure. But, project managers and team members can navigate these treacherous waters by understanding the top four challenges they face and how to overcome them.
Business process management (BPM) is becoming an archetype of successful business operations. Companies use process management to optimize business practices by evaluating existing project controls for efficiency and effectiveness. Meanwhile, the ability to access and benefit from process management is growing easier as more project controls and tools become available through the cloud.
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Enterprises continue to search for better ways of operating to stay competitive and relevant to target markets. And business process management (BPM) is a means of achieving this feat. Process management for enterprises results in significant benefits for the agility, visibility, and efficiency of a business, keys to reducing costs. Meanwhile, a BPM provider can help organizations identify processes that contribute to problems. But, you also need to think about how they contribute to success.
From increasing use of predictive analytics to utilizing augmented reality, 2016 was a year of innovation and change for project and portfolio management professionals. As explained in a previous blog post, some of the top trends of 2016 also included new strategies in change management and involving the project management office (PMO) sooner in the sales cycle. Big Data had a major impact on the decision to implement business-intelligence tools. But, more will be needed to meet increasing demands in 2017. Throughout 2017, several new trends will become evident as PMOs look to gain visibility. Will your office gain additional tools to maximize working remotely, or will organizational limit your capacity? Although Big Data 2017 will not be without its own set of challenges. But, you can help your office prepare by understanding what trends to expect this year.