By Kimberly McDonald Baker
Project Partners worked with Iberdrola Renewables to implement their Primavera P6 Enterprise Project Portfolio Management system – which resulted in awards for both Iberdrola Renewables and Project Partners.
Iberdrola Renewables is a very exciting company in the fast growing renewable energy field. Its portfolio of power assets require 24-hour energy management and scheduling, every day of the year.
The firm identified several key challenges they wanted their new Enterprise Project Portfolio Mangement system to address. Read the rest of this entry »
By Ravi Shankar, PgMP, PMP, PMI-RMP and PMI-SP
Oracle E-Business Suite (EBS) Projects Applications Release 12 provides rich functionality to support multi currency processing capabilities in the areas of accruing revenue and generating invoices. Revenue is always processed in the project functional currency, as distinct from the project currency and project funding currency. Revenue amounts derived in the billing transaction currency (invoice processing currency) are converted to project functional, funding and project currency during the revenue generation process. The Release 12 EBS system tracks and posts the revenue, unbilled receivables and unearned revenue in both the functional and billing transaction currency to the general ledger, thereby giving full visibility, both at the project level and in the general ledger, of the details of revenue in the different currency options. Read the rest of this entry »
Since January, Project Partners consultants, both in the US and in India, have had the privilege of working on-site with Oracle to test the Fusion Applications. An absolute win-win situation for everyone involved. It is our chance to see the live product in action, to test, test and test again to insure quality and to get hands-on experience and training using the best-of-the-best in Projects Applications. In exchange, Oracle receives a tremendous amount of feature validation, field expertise, and knowledge from those of us who live and breathe the world of Projects every day. This early look at the product before all the code is frozen helps guarantee the quality release we have all been waiting for.
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By Robert D. Anderson, CPA
During the last two years, Project Partners has been approached by several firms who run Oracle Order Management and now want to implement Oracle E-Business Suite Projects applications to provide a project-level profit and loss view, as well as contract and client profitability across the firm. Generally this request is happening at the same time the firm is undergoing massive growth and management wants it done quickly so they can get a handle on the growth that is happening and make sure it is profitable or identify problem areas quickly so action can be taken to prevent serious impact to the overall business.
The Oracle E-Business Suite Project Management module (PJT) does not create transactions but provides several tools to allow the tracking of financial transactions that are happening in the Project Costing and Project Billing applications. In addition, it offers both direct tracking in the tool and integration with project management tools, such as Microsoft Project Standard Edition and Primavera P6, as well as an open interface to interact with other similar management and scheduling tools in the market. Since the financial, resource and schedule information all resides in Oracle, the ability to leverage Key Performance Indicators and grouping them into Key Performance Areas, progress tracking and status reporting all combine to offer a strong tool to present the exceptions out of large volumes of data so the firm can take appropriate action at an early stage in the work. Read the rest of this entry »
By Tamim Kulaly, PMP
The first important question is “why do projects fail?” There could be several reasons:
- Project over run – The project takes longer than planned
- Cost over run – Executing the project cost more than budgeted
- Underperformance – The project team did not deliver the goals of the project
- Plan too optimistic – Evidencing a lack of understanding of true scope of the project
- Scope creep – The scope of the project increased but plans and budgets were not revised accordingly
- Other – Sometimes things go wrong due to lack of appropriate resources or equipment failure or bad weather or other unpleasant surprises.
To avoid the downfalls of project failures, project centric organizations should look into Risk Analysis products to minimize project risks. Oracle’s Primavera Risk Analysis is a full lifecycle risk analytics solution integrating cost and schedule risk management. Users will have an objective view of required contingency to account for cost and schedule uncertainty as well as analyzing the cost effectiveness of risk response plans. Read the rest of this entry »
Join Project Partners and Oracle Corporation on Wednesday, February 24 for a free, live webinar to learn about Oracle’s Application Integration Architecture (AIA) solution for integrating Oracle Primavera and Oracle E-Business Suite applications. You’ll gain valuable information about how this solution will help their organization bring E-Business Suite and Primavera silos together. Read the rest of this entry »
By Peter Budelov
Project Managers (PMs) lead a hectic life because they not only need to manage the day-to-day operations of a project (i.e. work deliverables, schedules, cost and revenue), but they also must spend time with the appropriate IT tools to do this. The keystone in making good project management decisions is having accurate, timely and easy to access project reporting data.
Typically when using enterprise project management applications, this data is available, but not necessarily easy to get to, may not be easily displayed in a user friendly manner, does not necessarily have all the data needed, is not configurable, and certainly unavailable in a disconnected mode. Read the rest of this entry »
By Tamim Kulaly, PMP
Oracle’s Primavera Portfolio Management (formerly Prosight) is a leading Project Portfolio Management application that is very intuitive and utilizes a 100% web interface. Using Portfolio Management’s top-down approach, clients are able to manage their business objectives and rank their investments prior to selecting them. In terms of processes defined in PMBOK, the main focus of the tool is to provide users better control in the two major aspects of a project life cycle: the Planning phase (propose initiatives, clarify objectives, and prioritize/select investments) and the Controlling phase (track performance, review portfolio and adjust course). Read the rest of this entry »
Project Partners LLC invites you to the
Oracle Primavera Enterprise Project Portfolio Management Virtual Summit
January 20, 2010
10 a.m. – 4 p.m. ET / 7 a.m. – 1 p.m. PT Read the rest of this entry »
The first step in working with a project in the Oracle Projects Suite, project initiation, is typically performed centrally by a project administrator using a template, and then routed for approval (to check proper template usage, project manager assignment, and funding). Eventually the project manager (PM) is notified that the project is ready to be modified for detail workplan and date input, key member and resource assignments, other project attributes, transaction controls, and detail financial planning. Read the rest of this entry »
