{"id":1517,"date":"2015-05-06T06:05:46","date_gmt":"2015-05-06T13:05:46","guid":{"rendered":"http:\/\/www.projectp.com\/ppblog\/?p=1517"},"modified":"2022-11-21T12:07:26","modified_gmt":"2022-11-21T20:07:26","slug":"view-mike-sicilias-state-of-the-global-project-portfolio-management-evolution-address","status":"publish","type":"post","link":"https:\/\/www.projectp.com\/ppblog\/2015\/05\/06\/view-mike-sicilias-state-of-the-global-project-portfolio-management-evolution-address\/","title":{"rendered":"View Mike Sicilia&#8217;s &#8220;State of the Global Project Portfolio Management Evolution&#8221; Address"},"content":{"rendered":"<p>At Oracle Industry Connect 2015, held recently in Washington, DC, one of the most interesting sessions was the Keynote for the Primavera track. It started with a presentation by Alberto Matucci of GE Oil and Gas, which we covered in <a title=\"Alberto Matucci, GE Oil and Gas\" href=\"https:\/\/www.projectp.com\/ppblog\/2015\/04\/29\/alberto-matucci-discusses-how-oracle-primavera-empowers-transformation-at-ge-oil-and-gas\/\" target=\"_blank\" rel=\"noopener\">our previous blog article<\/a>.<\/p>\n<p>Then Mike Sicilia, SVP and General Manager of the Primavera Global Business Unit (PGBU), gave a very inspiring address. If you work in any project-driven industry, <a title=\"Mike Sicilia at Oracle Industry Connect\" href=\"http:\/\/medianetwork.oracle.com\/video\/player\/4171468272001?elq_mid=17523&amp;sh=162526162291515184133&amp;cmid=NAMK14057702MPP070C003\" target=\"_blank\" rel=\"noopener\">this video recording<\/a> is worth your time. Mike gave a &#8220;State of the PGBU&#8221; summary and then discussed how the real-world practice of Project Portfolio Management has changed and what Oracle is doing to stay ahead of that change. <!--more--><\/p>\n<p>Some key facts:<\/p>\n<ul>\n<li>The PGBU has invested in a million hours of R&amp;D in the past year<\/li>\n<li>Over 1,200 people focus exclusively on Primavera products at Oracle<\/li>\n<li>Oracle remains committed to the on-premises use of Primavera products, but most new customers are interested in using Primavera in the cloud.<\/li>\n<li>Primavera&#8217;s cloud offerings are being used to manage 360,000 projects valued at $250,000,000,000<\/li>\n<li>The pace of business change today is more rapid than ever, and the risks of going out of business have never been more significant.<\/li>\n<li>In 1960 the average lifespan of a company in the S&amp;P 500 was 60 years; in 2015, it was 18 years.<\/li>\n<li>Mobile applications enhance Primavera applications, but the advanced algorithms on the back end have become more intelligent than ever, enabling things like collaborative work across businesses and joint ventures.<\/li>\n<\/ul>\n<p>Don&#8217;t miss this important presentation. <a title=\"Mike Sicilia Keynote at Oracle Industry Connect\" href=\"http:\/\/medianetwork.oracle.com\/video\/player\/4171468272001?elq_mid=17523&amp;sh=162526162291515184133&amp;cmid=NAMK14057702MPP070C003\" target=\"_blank\" rel=\"noopener\">Click here to view it now.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>At Oracle Industry Connect 2015, held recently in Washington, DC, one of the most interesting sessions was the Keynote for the Primavera track. It started with a presentation by Alberto Matucci of GE Oil and Gas, which we covered in our prior blog article. Continue reading:<\/p>\n","protected":false},"author":79,"featured_media":3355,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[15,75],"tags":[],"class_list":["post-1517","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-trends-standards","category-oracle-primavera"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.projectp.com\/ppblog\/wp-json\/wp\/v2\/posts\/1517","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.projectp.com\/ppblog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.projectp.com\/ppblog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.projectp.com\/ppblog\/wp-json\/wp\/v2\/users\/79"}],"replies":[{"embeddable":true,"href":"https:\/\/www.projectp.com\/ppblog\/wp-json\/wp\/v2\/comments?post=1517"}],"version-history":[{"count":0,"href":"https:\/\/www.projectp.com\/ppblog\/wp-json\/wp\/v2\/posts\/1517\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.projectp.com\/ppblog\/wp-json\/wp\/v2\/media\/3355"}],"wp:attachment":[{"href":"https:\/\/www.projectp.com\/ppblog\/wp-json\/wp\/v2\/media?parent=1517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.projectp.com\/ppblog\/wp-json\/wp\/v2\/categories?post=1517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.projectp.com\/ppblog\/wp-json\/wp\/v2\/tags?post=1517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}