ROI depends greatly on each companies individual need. A full EPM system
enables you do collaboration with costing, documents, resource scheduling,
etc. Many companies consider the following areas:
1. Cash Flow - EPM can typically bill at more frequent, fast turnaround
times thus improving cash flow.
2. Improved Resource utilization - no more duplicate entry frees up current
staff to focus on more value-add activities.
3. Improved Accuracy - no more duplicate. Your results are improved
accuracy of profit margins, billable revenue, project costs. Amazing how
many billing errors occur with a duplicate entry system that mean lost
revenues to a company.
4. Proactive management - Providing accurate information in a timely
fashion to project managers means less projects with scope creep and
unbillable time. If they have the information, they can make sure deadlines
are not missed, approriate items are on order and when they should arrive,
and where their costs are to budget and what the estimation at completion
will be. You have the ability to setup automatic alerts of key factors to
any appropriate member of the team.
There are more but these are common areas contributing to the change to a
full EPM soluton.
