By Kimberly McDonald Baker
A new white paper published by Oracle, Delivering Success in Public Infrastructure Projects, provides a compelling portrait of the quantifiable benefits delivered by Enterprise Project Portfolio Management, especially as pertaining to public infrastructure or civil engineering projects.
“Research from the Project Management Institute (PMI) suggests that performance in meeting project goals, timelines and budgets creates a financial impact of staggering proportions. Organisations with high performance in these three measures risk only US$20 million per US$1 billion spent, while their less successful peers jeopardise US$280 million for the same US$1 billion spent.”
That’s a 26% savings – a difference of $260 million dollars in the example cited above. Think of all the good things that your governmental entity could do with that money: fund education, deliver clean water, feed the needy, and more.
On a smaller scale, The University of Minnesota manages approximately $250 million in capital projects each year. Their use of Oracle’s Primavera Enterprise Project Portfolio Management systems saved them $3.7 million in just one year, which they attribute to more detailed cost and scope information, audit trails, and better transparency.
Those of us who have been involved in the field of Project Portfolio Management since the early days of Primavera Systems could appreciate the potential benefits this software offered. This new white paper from Oracle provides some solid numbers that quantify the ROI that can be extrapolated far beyond public infrastructure projects. This document is worthy of your reading time.
Register and download the white paper here. Then give me a call at +1.650.712.6200 if you’d like to discuss it, or the benefits of Oracle’s Primavera EPPM, in more detail.
Oracle has just unveiled a new product: Oracle Project Procurement, as part of E-Business Suite Release 12.2.4.
Oracle describes Project Procurement as enabling project teams to establish and measure strategic project objectives and drive project procurement planning, decision-making and execution throughout the lifecycle of a project.
The solution reportedly provides an integrated platform for project managers and project buyers to collaborate, giving everyone the information they need to make planning and execution decisions without the need to “alert, notify or engage in unproductive communication.” That’s an interesting statement! Read the rest of this entry »
Oracle has just published a new EPPM Board whitepaper.
Mike Sicilia, SVP and GM of the Oracle Primavera Global Business Unit, and the rest of the Enterprise Project Portfolio Management Board met to discuss and assess the quality of project portfolio performance information available to executives.
“Quality is of course the key value in this pursuit, because no organization suffers for a lack of information quantity,” Mr Sicilia said. “Rather, the emphasis is on providing focus, and aligning the insights generated with the values and measures most directly connected to the decision making process.” Read the rest of this entry »
Continuing our discussion of Oracle E-Business Suite Project Manufacturing (PJM), how can you determine whether Oracle PJM is a fit for your organization? And what benefits does Oracle PJM deliver?
Oracle Project Manufacturing was designed to support firms in the following industries.
- Aerospace and Defense
A common denominator is that these companies plan, track, procure, and cost based on project, contract, or Seiban numbers. Read the rest of this entry »
By Angela Walia
Companies can utilize Oracle’s Business Process Management (BPM) suite to streamline business processes and introduce automated workflows. By eliminating manual work efforts and creating standardized workflows, businesses can improve organizational value, overall costs and productivity. This article explains the benefits delivered by Oracle BPM.
Visibility Enables Improvements
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By John D. May
Oracle Project Manufacturing manages the construction of large, often unique, items or structures that require custom design. It is a comprehensive system that, especially if combined with Oracle E-Business Suite Projects and Project Contracts modules, provides a robust solution for project or contract-based manufacturers in the Aerospace and Defense, Engineer-To-Order, and Seiban industries.
Oracle Project Manufacturing helps you control a broad range of product designs and quickly respond to changes that may impact your contract planning, costing, and, execution.
Criteria to Review When Considering Project Manufacturing
Project Manufacturing primarily addresses the Engineer-To-Order (ETO) manufacturing industries. These industries are characterized by building unique custom products and generally require specialize costing, scheduling and financial management. Consider the following items to see if your manufacturing method is more repetitive or specialized. Read the rest of this entry »
By Terri Maginnis
What is Expected Finish in Primavera P6?
Expected Finish is a date field that is available at the activity level in P6 (activity table only) and P6 Professional (activity table and activity details). This field can be used when updating your schedule in order to indicate when you expect on-going activities to be completed. This can be very useful when you are involved in a project where the team gives you the date they expect to finish the work instead of the amount of time they need to complete the work. As a matter of fact, this is a very common situation on a project. This may be due to the fact that it is more natural for the human brain to come out with a date rather than calculating the time/effort that is necessary to reach that date.
The Main Benefits of Expected Finish
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Oracle issued a press release today announcing a new Project Portfolio Management (PPM) solution named Oracle Primavera Prime. Oracle Primavera Prime is the first Enterprise PPM offering designed to leverage Oracle’s Engineered Systems vision, a tightly integrated technology “stack” of Oracle hardware and software components, to deliver superior performance and ROI.
The first module in the Oracle Primavera Prime suite is Oracle Primavera Prime Capital Plan Management. Oracle Primavera Prime is integrated with Oracle’s Primavera P6 and enables time-phased details to be shared between each solution related to budget, cost and schedule progress.
The full press release is below.
Read the rest of this entry »
By Steve Sexton
In recently working with a major software company, it became quickly apparent that this organization was a great example of the scenario many captive services businesses face as the high-tech industry continues to evolve. Experiencing declining revenue and margin, this organization is introducing significant change to align and execute against new go-to-market strategies, but the organization’s operational maturity and supporting infrastructure will have to rapidly progress to support performance goals and its ability to invest in developing strategic capabilities. Read the rest of this entry »
Don’t miss the latest issue of our Primavera Newsletter!
You’ll find links to new on-demand webinars, invitations to new live webinars, an excellent new report by Oracle about the Changing Face of Enterprise Project Portfolio Management, and more.
Read the newsletter now.