Enterprise Performance Life Cycle (EPLC)

The Enterprise Performance Life Cycle (EPLC) Framework is a structured approach to managing IT investments throughout their lifecycle. It provides a framework for managing IT projects and programs from conception to retirement, ensuring that they are aligned with organizational goals and objectives, and that they are effectively managed, monitored, and measured.

The EPLC Framework is designed to support decision-making and provide a consistent approach to managing IT investments. It is based on the principle that IT investments should be managed as a portfolio of projects and programs, and that they should be evaluated and prioritized based on their alignment with organizational goals, expected benefits, and level of risk.

The EPLC Framework consists of five stages:

Initiation: In this stage, the organization identifies potential IT investments and evaluates them based on their alignment with organizational goals, benefits, risks, and other factors.
Planning: In this stage, the organization develops a comprehensive project plan, including scope, budget, schedule, and resource requirements.
Execution: In this stage, the organization implements the project plan, managing risks, monitoring progress, and ensuring that the project is delivered on time, within budget, and to the expected level of quality.
Monitoring and Control: In this stage, the organization monitors the performance of the IT investment, measuring progress against established metrics, and managing risks and issues.
Closure: In this stage, the IT investment is retired or transitioned to ongoing operations, and lessons learned are documented and incorporated into future IT investments.

The EPLC Framework provides a structured approach to managing IT investments, ensuring that they are effectively managed, monitored, and measured throughout their lifecycle. By leveraging this framework, organizations can ensure that their IT investments are aligned with organizational goals and objectives, and that they are managed in a consistent and effective manner.