Officials at the University of Texas System don't just imagine the future, they're already embracing it. "We feel we are already building the world of tomorrow," says Chris Macon, manager of program control systems for the Office of Facilities Planning and Construction (OFPC). His remarks echoed the core theme of the Construction and Engineering Program at Oracle Industry Connect 2017, where his presentation was delivered.
That presentation, in which Macon explores how the OFPC is bringing the future to life with the help of Oracle's Primavera P6 Enterprise Project Portfolio Management and Primavera Unifier, is now available on demand.
Oracle's technology helps Macon's team oversee a $6.2 billion capital improvement program that's building modern classrooms, health care and research facilities, advanced computing labs, and other future-oriented resources. "Over the last decade, the OFPC completed about $8.6 billion in projects; Primavera Unifier and Primavera P6 were utilized in all of that," he says.
With Primavera P6, the OFPC monitors contractual compliance, creates progress reports, analyzes change proposals, and facilitates scheduling and planning responsibilities as well as claims analyses and forensics. Primavera Unifier supports funding and cost management, schedule of values, and collaboration among team members.
Macon says the reports his staff produces with these applications "is one of our greatest assets" because in addition to the latest data, the analyses can draw from 10 years of archived information for trends and historical insights. Reports help decision makers understand project cost-recovery, the value-engineering effort, and how project expenses compare to building programs by other organizations in Texas and the rest of the country.
The OFTC also optimizes funding using Oracle Primavera's reporting and analysis capabilities. For example, Macon notes that cost reductions are possible by delaying bond purchases until they're actually needed. "If we know what our funding sources are and what our cash flow is, we can predict when we will expend one source and when we need to start expending another," he explains. "The flexibility of the system allows us to do this."
For additional insights about how Oracle helps the OFTC improve project planning and delivery, watch Macon's full presentation from Oracle Industry Connect 2017.
Registration for the next Oracle Industry Connect, to be held April 10-11, 2018, in New York City, is now open; visit the Oracle Industry Connect site to learn more.
The event will feature a host of sessions led by customers and other innovators from a wide range of industries, including engineering and construction, industrial manufacturing, oil and gas, travel and transportation, public sector, and utilities. With a focus on sharing best practices, these sessions will highlight how leading organizations are using Oracle Construction and Engineering solutions to drive business transformation.