Tuesday Aug 20, 2013

Oracle Expounds on Primavera Software Roadmap

Since acquiring Primavera in 2008, Oracle has worked on enhancing several features of its software, such as application integration and mobile functionality.

Looking to the future, Oracle seeks to provide more governance of the project portfolio management (PPM) application. Tony Banks, product director for Primavera software, spoke recently to TechTarget editor Lena J. Weiner about the roadmap for Primavera software.

In the video, Banks said that Oracle's goal is to continue to deliver "its vision" of a "true" enterprise PPM solution. According to Banks, that means "single platform, single vendor."

But Banks added that it also means being able to organize projects across all departments, capitalizing on similar business functions across departments while acknowledging specific business use cases. Watch the video for more details.

Friday Aug 16, 2013

SOLV Provides Accurate Risk Estimates for Oil and Gas Customers with Monte Carlo-based Simulation—Saves Customer US$550 Million

SOLV is an engineering consultancy and software developer based in the United Kingdom. It provides flow measurement engineering and consultancy services for fiscal, allocation, and process flow

measurement in upstream oil and gas production, pipelines, transportation, downstream petrochemical

refining, and power generation.SOLV’s experience stems from North Sea oil and gas, fiscal,

and allocation flow measurement, which is subject to stringent regulation by the

UK Department of Environment and Climate Change, the Norwegian Petroleum Directorate,

and other regulatory bodies.

 Challenges:

- Provide accurate estimates of uncertainty around the measurement of oil and gas output from pipelines

to enable global oil and gas organizations to manage exposure to risk.

- Assess accuracy of oil and gas allocation to multiple partner organizations, working in oil fields with

shared interest throughout the world.

Read more

 Solutions:

- Deployed Oracle Crystal Ball to perform Monte Carlo simulations to more accurately measure

the uncertainty around oil and gas flow measurement and calculate the probability that

measurements and allocations of oil to individual partners are correct.

- Saved one oil and gas client US$550 million by providing better risk estimates with the help of

Oracle Crystal Ball.

Read more….

"Oracle Crystal Ball enables us to use Monte Carlo simulation to estimate allocation uncertainties

in oil and gas flows and advise oil and gas clients on minimizing risk exposure."

– Martin Basil, Senior Flow Measurement Consultant, SOLV Limited

Read complete customer snapshot here.

Friday May 10, 2013

Solving the Problems of Enterprise Project Portfolio Management at the Oracle Primavera Virtual Summit

Oracle is pleased to announce the 4th Annual Primavera Virtual Summit: Enabling Financial Discipline, Operational Excellence and Risk Mitigation. This one-day global event takes place on Thursday, June 13th and will be available on demand for a limited time afterwards.

In the current climate, constrained capital markets and economic uncertainty have made well informed decision-making more important than ever before, while pressure to control costs, manage capital, and mitigate risk has never been greater.

Many organizations are turning to Enterprise Project Portfolio Management (EPPM) solutions in a bid to ensure that they gain real-time visibility across the project portfolio in order to enable financial discipline, drive operational efficiency and control risk. The 2013 Virtual Summit will showcase the latest Oracle’s cloud based EPPM Solutions and detail how Primavera P6 EPPM and a range of other industry-leading tools such as Oracle Instantis or Primavera Unifier can help dramatically improve project planning and execution.

In addition, by attending the event, Project Management Professionals will have the chance to earn Professional Development Units.

Register today!

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