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.

Monday Apr 14, 2014

How GENCO did it – Resource Management and Project Portfolio Management #PPM Implementation

Project management success did not happen without its share of drama at GENCO. They met, and often exceed customer expectations but not without “last second diving catches, heroic efforts and brute force,” said Doug Belding, Senior Director of Product Management in his webcast on Resource Management and Project Portfolio Management Implementation.[Read More]
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