Wednesday Jul 16, 2014

Top three considerations for #PMO deployment best practices

It all starts with good intentions; your good intentions to make a positive impact on the business, your good intentions to help the business become organized, and your good intentions to improve efficiencies and effectiveness. You’re thinking creatively, you’re excited about making positive changes and you’re full of optimistic energy. Yet with all these good intentions, your attempt to deploy a Project Management Office (PMO) is met with resistance from colleagues and fraught with difficulties in implementation. 

Why? 

Corey Spagnoli, Senior director of Continuous Improvement PMO from NCR Corporation, a PMO veteran with 13 years’ experience, talks through three of his most problematic examples of PMO rollout in IT and Continuous Improvement environments, and the critical success factors involved. Corey talks us through his PMO deployment mistakes, demonstrates the pitfalls to avoid, and shows us how to overcome the difficulties, becoming one of our PMO rollout success stories. 

Corey’s advice is to consider three key elements for a successful PMO rollout:

    1). Understand the needs of the business

    2). Match to the business culture

    3). Build in flexibility

    Read about the three key elements in more detail here. Full article here.

    Monday Jul 14, 2014

    Managing Change on Engineering & Construction Projects

    By Krista Lambert, Engineering and Construction Strategy Director, Oracle

    As the saying goes: change happens. But the recent report from the Economist Intelligence Unit (EIU), Building in Change: Project Construction in Asset-Intensive Industries revealed that for engineering and construction projects, change is not only inevitable, it creates its own set of challenges. According to the report:

    • More than 60% of survey respondents blame unexpected change for at least one-half of all project overruns.
    • 55% of the executives surveyed consider their companies as average or below at anticipating change.

    Clearly, both owners and EPC firms feel that they could vastly improve their ability to manage change. An enterprise-wide project management system not only provides greater visibility and insight into changes, but also improves communication across organizational boundaries, so you can quickly adapt to cost overruns, scope and schedule and quality impacts. To find out more, read the article Critical Components to Effective Project Execution in the latest issue of Construction Connection.

    Thursday Jun 26, 2014

    Establishing an EPMO to Achieve Maximum Impacts and Results

    Great video from EPMO expert Don Kingsberry from the Gates Foundation, watch here. #PMO #PPM #OIC14

    Don Kingsberry, Head of the EPMO at the Bill and Melinda Gates Foundation, shares insights from years of experience working at six of the fastest growing companies in the world. Hear this compelling talk about best practices for high impact EPMOs.

    — Sylvie MacKenzie (@symack) 
    <script charset="utf-8" src="https://blogs.oracle.com/platform.twitter.com/widgets.js" async="true"></script>

    Tuesday Jun 17, 2014

    Why Time-to-Market is Critical for Today's Automotive Suppliers

    After years of slumping sales, the auto industry is rebounding at an unprecedented pace. Auto parts and components suppliers, who were equally battered, now face the challenge of quickly retooling and re-staffing to regain status with OEMs.

    This White Paper looks at the current trends and how automotive suppliers can get back on the fast track.

    Learn how automotive suppliers can position themselves to help OEMs meet their new model goals.

    Monday May 19, 2014

    Primavera Product Strategy Update – Path Forward

    The last eighteen months have seen incredible activity within Oracle Primavera, with two significant acquisitions, movement of key applications to the Cloud, and new solutions being offered to the market.Oracle’s leadership in the enterprise project portfolio management space continues to grow, with exciting new solution areas being developed to solve historically un-served needs. Watch Paul Verveniotis keynote at Oracle Industry Connect to hear an update of current activities and how his Product Strategy team are paving the way to revolutionary capabilities that will transform EPPM.

    Watch here.

    Tuesday May 13, 2014

    Powering Up: How Eskom Is Driving the Largest Infrastructure Program in Africa

    Join Eskom CIO Sal Laher to hear firsthand how Eskom–the largest utility in South Africa–has embarked on a transformational journey to implement the largest infrastructure capital investment portfolio in Africa. From actionable metrics through to subcontractor management, Eskom is vastly improving visibility, increasing responsiveness, and driving greater efficiency across a myriad of critical new builds. The utility is creating significant numbers of new jobs and strengthening the delivery of basic services to the people of South Africa in a fast-growing economy. Laher provides information and experiences from Eskom’s own build program.

    Watch the keynote presented at Oracle’s Industry Connect here.

    Tuesday May 06, 2014

    Establishing an EPMO to Achieve Maximum Impact and Results

    Recent research has shown that more than 60 percent of Fortune 1000 companies plan to implement an enterprise project management office (EPMO) over the next two years. Attend this session to learn the value of true enterprisewide portfolio management and the best practices associated with an EPMO. Don Kingsberry, deputy director and leader of the EPMO for the Bill and Melinda Gates Foundation–the largest private foundation in the world–shares what he has learned over 30 years in establishing six different EPMOs across multiple industries. Kingsberry's focus areas for the session include linking strategy to execution, prioritization, EPMO implementation, critical success factors, and resource management.

    Watch the full keynote here.

     

    Friday May 02, 2014

    Critical Path: Getting Your Outage Ducks in a Row

    Witten by: Aaron Larson, POWER Magazine

    Productive maintenance turnarounds are vital to long, successful online periods. Getting the work done quickly and properly takes more than just luck. Good planning and excellent communication can lead to safe and efficient outages with fewer hiccups and less stress.

    It’s no secret that equipment requires maintenance. Just as your personal vehicle needs an oil change periodically, a power plant needs to shut down regularly for a tune-up to take care of all those little issues that would otherwise turn into big problems.

    Most generating companies are preparing for outages continuously. When one outage ends, plans begin for the next. Often planning is in progress for major projects years into the future (Figure 1). Work list items that could not be completed for one reason or another are added to the next outage schedule. The entire process is a full-time job, often with entire departments focused on the task.

    But what makes some maintenance periods go smoothly—coming in on budget and on time—while other outages hemorrhage with cost overruns, unexpected delays, and continual surprises? It is very difficult to foresee every possible problem, but planning for contingencies and scheduling appropriately are two vital tasks required to get all involved parties on the same page.

    Read the complete article here

    Tuesday Apr 29, 2014

    New Research: Improved Project Management Is Key to Reducing Infrastructure Risks in Energy, Power, and Chemicals Industries

    The process manufacturing industry is confronting significant infrastructure problems that heighten risks to operations and leave executives struggling to bring their ageing facilities into the twenty-first century, according to a new report by the Economist Intelligence Unit and sponsored by Oracle. One executive put the challenge in stark terms, saying "It takes years to build a reputation, but one serious infrastructure failure can destroy it." 

    The report, "The Impact of Aging Infrastructure in Process Manufacturing Industries," is based on a recent survey of 366 executives. The research found that aging systems are negatively impacting—sometimes substantially—companies in oil and gas, utilities, chemicals, and natural resource industries. A commanding majority—87 percent of the respondents—said aging infrastructure has impacted operations in the past 3 to 5 years, with 1 in 10 saying they suffered severe consequences that they are still trying to fix.
    But as a group, the executives see a way to improve agility and seize new opportunities while protecting customers, employees, operations, and corporate images from costly infrastructure failures. The best solutions involve a blend of technology, project planning, and due diligence, the report stated. The executives added that these elements help organizations identify and resolve problems before crises occur.

    Find out how others in the power and energy sector are adapting and developing new strategies to address the issues of ageing infrastructure. Compare your own experiences and strategies against those of your peers with Oracle’s interactive benchmarking test, take the test and receive a complimentary four-page personalized report http://oracleevent.com/18378/edm/img/spacer.gifIt’s a simple 5 minute test that gives you an instant graphical snapshot and recommendations on how to turn your organization’s ageing infrastructure issues into an opportunity.

    Wednesday Apr 16, 2014

    US Manufacturers Turn to Enterprise Project Portfolio Management to Capitalize on Growth Opportunities

    A new white paper from Oracle, "Manufacturing Outlook: Improving Time to Market, Operational Effectiveness, and Innovation in a Highly Competitive Environment," explains that there's good news and bad news for US manufacturers in the current economic environment. On the plus side, manufacturing production is expected to grow by 2.4 percent in 2014 and 4.1 percent in 2015. The bad news? Many manufacturers are still struggling to recover in the aftermath of the recession, when many companies closed plants, reduced staff, and lost customers.

    In the following interview, John Reichard, Oracle's director of discrete industry strategy, discusses how an updated business strategy and the right enterprise project portfolio management (EPPM) solution can help manufacturers capitalize on growth opportunities in today's volatile market.

    Q: What current fundamentals make the US a strong manufacturing environment?
    A: First, this country has a mature and extensive infrastructure in place, along with a strong workforce that is highly trained and skilled with the latest technology used in sophisticated manufacturing processes.

    Q: What's the flipside? What challenges will manufacturers be facing in the months ahead?
    A: One of the biggest is the ability to quickly bring the right products to market at the right time. If a manufacturer can't meet changing customer demands, customers will look to competitors. The challenge extends beyond satisfying current demand—manufacturers must continually replicate the product delivery process to keep sales momentum growing and create greater market share.

    Read the complete interview here.
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