Text description of The Enhanced Management Framework - Integrated Model
The Enhanced Management Framework (EMF) is an integrated management model
that includes processes and key practices for executives, as well as for
business and project managers. The framework is supported by a set of
principles, best practices, methodologies, tools, templates, handbooks, guides,
and standards.
The conceptual model shows the components of the EMF, and the way in which
they are related.
EMF is based on four guiding principles: alignment of IM/IT investments with
business strategies; establishment of clear accountabilities for managing IM/IT
investments; development of corporate project management
disciplines; and
identification and management of risks on a continuous basis.
EMF addresses two broad areas: portfolio management and
project management.
Portfolio management stresses the importance of aligning business planning with
an integrated IM/IT strategy. This strategy should set priorities and budgets
for the organization's IM/IT investments as a whole, allowing it to assess and
successfully manage projects, existing operations, enhancements and innovative
pathfinders. Within this context, organizations should review their IM/IT
investments and - based on this review and available funds - select those
investments that will deliver optimal value. EMF also promotes the application
of project management disciplines to all approved initiatives, as well as the
implementation of risk and performance management throughout the entire process.
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