integrating project management into the enterprise
Enterprise Resource Planning (ERP) software products were first developed to serve the manufacturing industry, and intended to assist organizations control, track, and coordinate activities in multiple locations. More recently, ERP tools have found application in the project management field, and vendors offer packages which enable project managers to deal with plans, schedules, resource assignments, budgets and estimates in an integrated way, linked to valid and current corporate information. Although ERP solutions tend to be costly and require lengthy implementations, vendors are developing shortcut versions that are cheaper and tailored to project management. Ideally, an ERP system that is used as the backbone of the project management system would facilitate more efficient communications, integrate interrelated functions, reduce data duplication, and provide real-time operational visibility.