Strategic Alignment
The responsibility of the EPG is to ensure that the projects are in line with corporate strategies and objectives and
that the project is implemented effectively and productively
Risk Management
Risk management is a systematic process of identifying and assessing business risks and taking action to protect a company. Companies need risk management to carry out a review of possible risks and to avoid incurring losses (due to avoidable errors).
Portfolio management
The portfolio provides a big-picture view. As projects and programs are engines of value creation portfolio offers the connection between strategy and execution with clarity about the dangers involved. It facilitates the appropriate sort, add and remove projects from the entire scope.
Organization
An effective EPG assumes that the leading people to be organized and their contributions are modelled. An appropriate organizational structure, roles and responsibilities are required for all participants.