How do you leverage EPM best practices and lessons learned from other industries and sectors?

1 Understand the context and objectives

The first step to leverage EPM best practices and lessons learned is to understand the context and objectives of your project and how they align with the broader goals and priorities of your organization. You need to identify the key drivers, challenges, risks, and opportunities that affect your project, as well as the expectations and needs of your sponsors, customers, and other stakeholders. You also need to define the scope, deliverables, milestones, and success criteria of your project, as well as the roles and responsibilities of your project team and other parties involved.

3 Adapt and apply the best practices and lessons learned

The third step to leverage EPM best practices and lessons learned is to adapt and apply them to your own project, based on your specific context and objectives. You need to evaluate and select the best practices and lessons learned that are most relevant, useful, and feasible for your project, and tailor them to fit your project requirements, constraints, and culture. You also need to implement and monitor them throughout the project life cycle, and measure and report their impact and value for your project performance, quality, and outcomes.

4 Innovate and improve your own practices and lessons learned

The fourth step to leverage EPM best practices and lessons learned is to innovate and improve your own practices and lessons learned, based on your project feedback and results. You need to continuously review and assess your project processes, practices, and performance, and identify the gaps, issues, and areas for improvement. You also need to seek and apply new ideas, solutions, and approaches that can enhance your project efficiency, effectiveness, and innovation. You also need to document and share your own practices and lessons learned with your project team, organization, and other industries and sectors, and contribute to the EPM knowledge base and community.

6 Evaluate and celebrate your project achievements and learnings

The sixth and final step to leverage EPM best practices and lessons learned is to evaluate and celebrate your project achievements and learnings, based on your project success criteria and metrics. You need to conduct a comprehensive and objective evaluation of your project outcomes, impacts, and value, as well as the strengths, weaknesses, opportunities, and threats of your project management approach. You also need to celebrate and recognize your project team, partners, and stakeholders for their contributions, efforts, and accomplishments. You also need to reflect and learn from your project experience, and identify the key takeaways, recommendations, and action items for your future projects.

7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?