In this article we’ll look at how to gauge EPM Maturity and how to identify areas to improve. At the core of the Maturity Model is the definition of:
Across these definitions we lay a scale that moves from low levels of maturity to high levels of maturity:
The main characteristics of low levels of EPM Maturity include:
The main characteristics for high levels of EPM Maturity include:
To gauge and profile EPM maturity for a particular organization a more comprehensive “matrix” of critical elements of the Maturity Model and levels of proficiency is needed. There is specific content in each cell of the matrix (not shown) that provides the more detailed definition of each level.
From each cell an objective analysis can be ascertained for an individual organization’s relative EPM capabilities. This approach can be overlaid on top the major EPM processes across Strategy, Operations and Finance to build up a comprehensive maturity model. Once in place, the maturity model will help identify immediate (priority) areas for improvement (maturing) that will provide clear benefits to the organization and provide an onward roadmap for delivering high value, successful EPM processes.
To effectively profile, gauge and improve EPM is highly valuable and important undertaking. The EPM Maturity Model is an invaluable aid in the approach to deriving a sustainable, successful approach for organizations.
Interested in learning about the differences between the new SAP BPC product versions such as BPC 10.1 Embedded and 10.1 Standard? Download the guide below!
EPM Maturity Model - What is it?
11 Dirty Secrets of EPM Projects - Part 1
11 Dirty Secrets of EPM Projects - Part 2
EPM Project Management Methodologies Untangled
Top 5 Critical Success Factors for your EPM Project