Enterprise Project Portfolio Management (EPPM)
Investment ID: 018-000000053
Overview
Program Title
Enterprise Project Portfolio Management (EPPM)
Description
The EPPM system is an application used to support investment and portfolio management throughout Federal Student Aid.
EPPM supports portfolio management by capturing annual plans in Budget Initiative Requests (BIRs). The tool is capable of ranking BIRs against enterprise business drivers to develop a BIR prioritized list and enables the portfolio level what-if analysis to optimize FSA budget and human resources.
EPPM also supports project management through the creation of project schedules, project team sites and associated project management artifacts.
EPPM standardizes the Risk, Issue, Action Items, and Document management processes. EPPM provides added visibility into the management of our portfolio through investment families by associating investment requests with projects, operational programs, and budget line items.
Type of Program
Standard IT Investments
Multi-Agency Category
Not Applicable
Investment Detail
EPPM standardizes the way FSA manages all budget initiative requests (BIRs), facilitates budget formulation and annual planning, coordinates and records all budget changes, and provides FSA management and project managers with reporting tools. These functions have resulted in incremental improvements in the time it takes to input BIRs as part of annual planning, reduces the amount of time it takes to document and track budget changes, and reduces the number of budget data calls. We anticipate continued improvements in aligning investment choices with our strategic goals and capacity with increased use of current functionality.
Determining when the funds spent to develop and maintain this application will achieve a financial benefit is not possible. The application contributes to better investment/portfolio management by enforcing standards, but too many factors contribute to the performance of a project/program to be able to attribute results to the tool alone. We are able to determine the business value of the selected investment portfolio, which ensures we get the most efficient use of the FSA budget. Metrics for improving the business value of the selected portfolio are included as as a performance measure.
EPPM is used for Folio reporting, budget data request, and FSA data calls. EPPM is the authoritative source for all FSA investment details. The tool encourages transparency within investments and allows for integration, review, selection, and prioritization across the enterprise portfolio. In carrying out those tasks, within the last year, the EPPM investment has likely returned more than the O&M cost to operate and maintain the investment.
Determining when the funds spent to develop and maintain this application will achieve a financial benefit is not possible. The application contributes to better investment/portfolio management by enforcing standards, but too many factors contribute to the performance of a project/program to be able to attribute results to the tool alone. We are able to determine the business value of the selected investment portfolio, which ensures we get the most efficient use of the FSA budget. Metrics for improving the business value of the selected portfolio are included as as a performance measure.
EPPM is used for Folio reporting, budget data request, and FSA data calls. EPPM is the authoritative source for all FSA investment details. The tool encourages transparency within investments and allows for integration, review, selection, and prioritization across the enterprise portfolio. In carrying out those tasks, within the last year, the EPPM investment has likely returned more than the O&M cost to operate and maintain the investment.