By Jason Ames
Primavera’s Project Portfolio Management suite is known for its ability to help you manage your projects and reduce the risk of project failure. But did you know that with Primavera P6 v7 Web Client you can use predefined workflow templates to request new projects? The project request process is extremely important because each new project not only represents an opportunity to help a company grow, every new project has an impact on every other project occurring in the organization. Each new project utilizes a company’s time, money and resources and should contribute to the company’s strategic goals and ultimately to the company’s bottom line.
Utilizing the Primavera project initiation work flow in P6 v7 web access, you can greatly improve your project selection process via the steps below. 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 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 »