In the modern, competitive business landscape, effective project management is crucial for organizations to achieve core business objectives more efficiently across the board.
SAP EPPM (Enterprise Portfolio and Project Management) is an enterprise project management solution designed to empower companies to streamline their project management processes, enhance collaboration, and make data-driven decisions, ultimately leading to improved project performance across the entire organization.
This article will provide a more in-depth view of the SAP Enterprise Portfolio and Project Management (EPPM) solution and its core components and capabilities, as well as where our team of SAP consultants can fit in your organization (and lead you to success, no matter what.)
Read on to learn more about SAP’s intelligent project management tools!
What is SAP EPPM?
SAP EPPM, Enterprise Portfolio and Project Management, is a solution designed to help companies plan, analyze, manage, and maintain projects across the entire enterprise, from development projects to SAP PPM projects, master projects, and more.
With EPPM, SAP users are enabled to improve overall portfolio management efficiency, enhance collaboration between employees and teams, and increase portfolio control across the board. This way, employees can manage each stage of their enterprise-wide projects from one central location.
Main Components of the On-Premise SAP EPPM Solution
Let’s take a closer look at the main components of the SAP EPPM solution for business users…
1) SAP Project System
SAP Project System (SAP PS), a project management solution designed to help organizations manage projects across the entire project lifecycle, is one of the main components of the SAP EPPM solution.
With SAP PS, business users are enabled to plan, manage, and control all stages of their projects, and its tight integration with SAP’s Finance and Logistics applications makes it easier to manage complex projects, such as construction, service, investment, and more.
2) SAP Commercial Project Management
SAP Commercial Project Management (SAP CPM) has three main components: Financial Planning, Project Workspace, and Project Issue and Change Management.
SAP CPM provides professional resources that simplify planning, monitoring, and control tasks to assess project risks and determine the financial impact of change across the entire organization.
The Commercial Project Management solution makes it easier for companies to achieve real-time transparency across their customer-facing processes and increase efficiency and profitability.
3) SAP Portfolio and Project Management
The SAP Portfolio and Project Management (SAP PPM) solution enabled companies to oversee their most important tasks, projects, and timelines with improved efficiency, simplifying company-wide project management operations in the process.
With SAP PPM functionality, business users can distribute teams, coordinate projects, manage effort, and automate project controlling tasks to complete projects on time and within budget, every time.
This way, your company can handle any project phase, from structuring to visualization, account integration, and more, and assign work directly to an employee’s dashboard.
4) SAP Innovation Management
SAP Innovation Management (SAP INO) provides the capabilities needed to run campaigns, ideate and evaluate ideas from each campaign, and foster a culture of innovation across the entire organization.
SAP INO runs natively within the SAP HANA application, but it offers functional integrations between the SAP Project and Portfolio Management solution. This way, companies can manage and allocate their resources more efficiently and make better decisions when it comes to their most important projects.
5) SAP Enterprise Project Connection
SAP EPC, Enterprise Project Connection, is designed to help companies facilitate data transfer between their on-premise SAP system and other project management solutions with more technical effort and less functional effort.
With SAP EPC, business users are enabled to manage their core project management tasks, optimize the utilization of resources, and improve connection and collaboration across all areas of their SAP system.
Industries that Leverage SAP EPPM Functionality
When it comes to executing tasks efficiently and effectively, maintaining an established budget, and controlling organizational elements throughout the entire project lifecycle, SAP EPPM provides the right tools and resources for the job, regardless of the organization’s size or industry.
Here are a few examples of industries that leverage SAP EPPM…
- Transportation and logistics
- Retail and wholesale
- Banking and finance
- Industrial manufacturing
- Oil, gas, and automotive
- Information technology and telecom
Main Advantages of SAP EPPM Tools
Here are a few of the key benefits of EPPM in SAP for users across industries…
1) Better resource allocation: By identifying and investing in the right resources, checking real-time resource availability, and controlling utilization across the entire system, SAP EPPM helps companies improve resource allocation and alignment to organizational needs.
2) Improved risk assessment: With advanced metrics and well-defined KPIs, business users can leverage SAP EPPM to address project issues, assess and manage risks, and identify best practices across their SAP systems.
3) Reduced costs: Automated workflows, improved resource allocation, and better data collection functions in SAP EPPM make it easier for users to improve data analysis and reporting and reduce costs across teams.
4) Increased transparency: With access to real-time reporting and more transparent data management operations, companies can view, access, manage, and store data for core finance operations and other business processes.
5) Improved profitability: Optimized templates and other project management tools simplify project management, improve ROI, and increase profitability across your entire organization.
How Can We Help?
Whether you need help implementing SAP Enterprise portfolio and project management for the first time, additional support monitoring operations across Revenue Project Scenarios, or just an extra hand facilitating efficient data transfer between the SAP on-premise system and other project management tools, like Microsoft Project Server, Surety Systems is here to help.
Our team of senior-level SAP consultants has the knowledge, skills, and experience needed to lead you to success, regardless of the complexity of your organizational structure or the nature of your project needs.
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Interested in learning more about project, portfolio, and program management in SAP?
Ready to get started on your SAP journey, but don’t know where to begin?
Contact us today to learn where our expert SAP consultants can come in to help!
