The best practices of EPPM
By Sylvie MacKenzie, Director, Marketing-Oracle on Aug 06, 2014
Governance: Ensure alignment of strategy, execution and results.
Resource Management: Support top-down and bottom-up resource requests and staffing processes and make it easy for project and resource managers to communicate their requirements and decisions throughout a project’s lifecycle. Provide a graphical analysis of resource and role utilization in order to help project teams manage resources in a dynamic environment and allow managers to see where resources are being used across all programs and projects, as well as their forecasted future use.
Communication and Collaboration: Quickly record, access, and review elements often to determine the successful outcome of a project. Adopting the ‘one single view of the truth' approach enables you to store everything about your project in a single, secure place enabling visibility into any potential issues or delays via workflows and alerts.
Reporting and Analytics: Deliver timely information for accurate decision making.
Cost Management: Roll up all costs to a central cost sheet normalized by a robust cost code structure, where project cost information is available for drill down by work package or for the entire project.
Cash Flow Management: Reliably forecast final costs by taking into account actuals to date, changes, trends, and risks over time.
Funds Management: Leverage a funds management capability that is fully integrated with the cost sheet, ensuring visibility of funding against project budgets, actual spend, and forecasted spend.
Document Management: Ensure that everyone is always working on the most-current versions, for storage of attachments, file control access, e-mail alerts, and version control.
Contract Management: Manage all of your contracts regardless of type, from simple material procurement to complex construction contracts and capture all relevant contract details.
Change Management: Manage all transactions leading up to and resulting in a schedule or cost change using approval workflows