There's a lot riding on project management for companies in today's highly competitive global economy. Industry studies show that 20 percent of projects may fail as organizations take on more risk in search of higher rewards.
To mitigate risk, organizations are turning to modern project management solutions such as Oracle's Primavera P6 Enterprise Project Portfolio Management Cloud Service. The platform provides a single source of project information for centralized accounting and visibility into performance and profitability. In addition, the cloud delivery model gives Primavera P6 Enterprise Project Portfolio Management Cloud Service five other critical benefits:
1. Fast and easy implementations
Oracle business applications delivered via the software as a service (SaaS) model deploy more quickly than traditional programs, because Oracle does most of the heavy lifting, including all the infrastructure management. As a result, Oracle's SaaS applications create faster value, help businesses innovate more quickly, and provide the flexibility to implement changes as market needs evolve.
2. Speedy access to new features
Oracle's SaaS applications are continuously updated, not only to improve functionality but also for security, usability, patches, and bug fixes. What's more, the changes occur in the background so they're transparent to project teams.
3. Greater flexibility for end users and the business
The cloud shortens the time needed to support new users and to turn on modules that weren't part of the original deployment. Because Oracle's SaaS applications are designed to easily work together, organizations avoid the challenges that arise when they must integrate existing business processes or coordinate software from different vendors.
4. Reduced application costs
The lower infrastructure and maintenance costs associated with SaaS applications versus other models can significantly lower the percentage of a business's budget devoted to IT spending.
5. Increased security
Oracle's SaaS applications are backed by one of the most trusted and familiar software vendors in the world, with a long history of protecting sensitive business data.