Tuesday May 31, 2016

Setting the Stage for Lasting Success with Project Portfolio Management

By: Mike Sicilia, senior vice president and general manager, Primavera Global Business Unit, Oracle

Process improvement (PI) and process excellence (PEX) initiatives, stalwarts of the modern enterprise, are increasingly under the corporate microscope. Starting in the C-suite, expectations are rising as organizations – facing a challenging economic climate and growing regulatory burdens – embrace continuous improvement as an essential element to securing a competitive advantage.

PI and IT have a complicated relationship. Enterprises undertake IT initiatives to improve business performance. In many cases, however, the technology ends up driving process change – for better or worse. Insufficient alignment between business and IT is often at the heart of this growing issue.

Ultimately, leadership wants to ensure that these initiatives align optimally with and support broader business strategies, and are flexible enough to adapt to a web of ever-changing regulations. As important, they want to better predict, measure, and optimize the impact of their PI/PEX initiatives. Speed is also essential in the age of digital transformation as enterprises seek to accelerate insight, action, and outcomes.

These competing requirements can be a tall order for many enterprises as they work to achieve a new level of maturity for their PI/PEX programs. Increasingly, organizations are finding an answer in an unexpected place – project portfolio management (PPM) – a domain traditionally associated, in many enterprises, with IT initiatives.

Selecting the Right Tools

Many PI/PEX initiatives are, in fact, complex projects. As such, it’s logical that PPM methodologies and tools can help to ensure their success.

A McKinsey & Company report found that organizations that actively manage their initiative portfolios can create significantly more value – up to 30 percent more. Further, organizations that formally manage the OpEX initiatives as a portfolio report that projects are always aligned with business strategy 62 percent of the time. These are promising proof points for PI practitioners focused on integrating strategy and action.

It’s important to consider that not all PPM solutions are universally suited to all types of initiatives. Many were designed to support traditional projects, such as capital improvements or IT installations. Line-of-business managers responsible for PI/PEX initiatives have a distinct and often broader set of requirements. For example, PI/PEX professionals must not only manage execution of the project, but facilitate its integration with larger enterprise strategies and goals and then measure its ultimate impact on operations.

When evaluating PPM solutions for use in P/PEX initiatives, it is important to consider multiple factors and requirements, such as:

  • Does the solution enable strategy mapping and tracking to promote alignment between business priorities and PI/PEX initiatives?
  • Does it support continuous improvement over time – enabling migration from one area to the next – from business transformation to continuous improvement?
  • Are you able to identify, track, and manage costs – direct and indirect, capital expenses and operational expenses, real time vs. historical?

The Road Ahead

The PI/PEX landscape is changing, spurring organizations to turn to PPM methodologies and tools that help ensure success while juggling the balance and intersection of IT and PI. PPM offers a clear and strategic path forward – enabling PI leaders and professionals to overcome the complex strategy-execution gap of PI/PEX initiatives and continually sustain change and build on success. PPM solutions, like Oracle’s Instantis EnterpriseTrack, provide organizations with the tools needed to improve strategy execution and drive successful business transformation initiatives.

Check out our white paper, “Process Excellence Re-Imagined,” to learn more and get ongoing insight and practical advice on effectively managing process improvement in an upcoming blog series from Mike Metcalf, director services industry strategy, Oracle Primavera.

Monday Dec 14, 2015

Discover the latest version of Oracle's Instantis EnterpriseTrack and EnterpriseTrack Mobile

Oracle's Instantis EnterpriseTrack is the leading, cloud-optimized enterprise project portfolio management (PPM) software used to improve strategy execution and financial performance through better work and resource management.

Join us for our webcast and live Q&A to learn about significant improvements in the 15.2 version.
Register Now . [Read More]

Thursday Sep 05, 2013

Transform your business with Oracle Primavera

If you use Oracle’s Primavera solutions, and you're attending Oracle OpenWorld, then the Primavera sessions are for you. Featuring 18 sessions, hands-on labs, demos, meet the experts and exhibits. The sessions are designed for you to gain valuable information on how to drive innovation, enhance operations or manage finance & risk, and effectively use our solutions to support both short and long-term growth through better formulation, alignment and execution of corporate initiatives and projects.

Add these ten essential sessions to your schedule:

  • What’s New and the Planned Roadmap: Primavera P6, Primavera P6 Analytics, and Primavera Gateway
  • Improving Productivity Throughout the Capital Asset Lifecycle
  • What’s New and the Planned Roadmap: Primavera Unifier and Instantis EnterpriseTrack
  • Instantis EnterpriseTrack Cloud Service for IT and Enterprise Project Portfolio Management
  • Primavera PPM Solutions for Manufacturing Projects
  • Leveraging Oracle’s Primavera Across the Enterprise at Pacific Gas & Electric
  • New Product Update: Maximize the Effectiveness of Your Scheduling Process
  • Primavera PPM Solutions for Maintenance Projects
  • Primavera PPM Solutions for Capital Projects
  • Qualcomm Streamlines Its Design and Manufacturing Process with AutoVue/Agile Products

In practical self-paced learning sessions covering everything from Oracle’s Primavera P6 solutions to Primavera Portfolio Management, Primavera Capital Planning and Instantis Enterprise Track and Unifier, you’ll discover new ways to derive maximum benefits from your Oracle software.

(Seven labs to choose from - see Focus on Oracle Primavera for more information)

Download the Focus On Oracle Primavera guide (pdf) and stay connected via Twitter.com/@OracleEPPM, LinkedIn, and Facebook/OraclePrimavera.

Monday Aug 26, 2013

NEW! Oracle's Enterprise Project Portfolio Management (EPPM) Webcast Center

We have just launched Oracle's new EPPM Webcast Center, a single console where you can search and watch all EPPM related OnDemand webcasts and register to attend upcoming live webcasts.

These webcasts provide updates on new product features, best practices, customer case studies and more.

Simply log-on to the webcast center where you can filter by products and industries that you are interested in.

Click here to visit the webcast center now!

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.

Wednesday Jul 10, 2013

Oracle Receives a Positive Rating and Is Named a Leader in New Gartner Reports

Gartner, Inc. evaluated Oracle enterprise project portfolio management solutions in two reports recently.

The Gartner MarketScope for IT Project and Portfolio Management Software Applications, published in May 2013, gave Oracle a positive rating.
The IT project and portfolio management (IT PPM) products included in the Gartner MarketScope address the challenges of portfolio, program, project management office leaders; program/project managers; and resource managers. The report says that these groups continue to struggle with selecting IT programs and IT projects, prioritizing them, executing them at the right time, matching and/or balancing IT supply with IT demand, monitoring and reporting IT project status and IT expenditures to date, improving IT project execution efficiency, proactively addressing emergencies on IT projects, and tackling changes to the existing and planned IT projects triggered by shifts in business direction. Read the full Gartner MarketScope for IT Project and Portfolio Management Software Applications report.

Also in May 2013, Gartner named Oracle a Leader in its Magic Quadrant for Cloud-Based IT Project and Portfolio Management Services.
The report noted that “IT project and portfolio management (PPM) leaders are under extreme pressure to improve the speed, accuracy, and agility of their project organization, while also managing risks and costs. They are looking for software solutions that can support these seemingly conflicting objectives. For years, the IT PPM software market standardized on on-premises or traditional hosting for deployment of IT PPM software functionality, but with the continued maturity of the internet as an enterprise computing platform, on-premises and traditional hosting have given way to another viable option—cloud-based IT PPM application services deployment.” Read the full Gartner Magic Quadrant for Cloud-Based IT Project and Portfolio Management Services report.

Read the complete article in the Oracle Information InDepth EPPM Newsletter here

*Read Oracle’s press release about the Gartner Magic Quadrant for Cloud-Based IT Project and Portfolio Management Services.*

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Gartner does not endorse any vendor, product, or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.


Friday Jun 28, 2013

Watch ON-Demand Oracle's 4th Annual Primavera Virtual Summit

Did you miss Oracle's 4th Annual Primavera Virtual Summit? Or, maybe you attended the virtual event live, but want to re-watch some presentations or download industry-specific assets - well you can! Watch and visit here, on-demand

This event is now available On-Demand for your convenience. Feel free to log-in anytime to listen again about:

  • New cloud based PPM solutions presentations.

  • Special Primavera Roadmap presentation- what's new and what's coming.

  • Customer stories highlighting their successes with Primavera Unifier, Oracle Instantis and Primavera P6 Enterprise Project Portfolio Management.

And don't forget to visit the Resource Library to check out all the latest product information, whitepapers, and demos which are all available to download and read at your convenience. During your visit to the Virtual Summit ON-Demand, we would appreciate you visiting the Networking Lounge and taking a few minutes to fill out the survey. We would really like to hear what you think.

You can also visit the Primavera Website for more information about the newest EPPM solutions and offerings.

Friday May 24, 2013

Oracle Primavera Showcases the Latest PPM Acquisitions at the 2013 Virtual Summit

At this year’s 4th Annual Primavera Virtual Summit, attendees will get the chance to learn about Oracle’s most recent Enterprise Project Portfolio Management (EPPM) acquisitions –including leading cloud based solutions Oracle Instantis and Primavera Unifier.

During this one-day, global event, Project Management Professionals in attendance will get detailed insight into how Primavera Unifier can help optimize and integrate business processes critical to project management.

They will also discover how Oracle Instantis can help organizations run multiple initiatives simultaneously, improve strategic alignment, and enhance project execution and gain financial discipline.

The 2013 Oracle Primavera Virtual Summit: Enabling Financial Discipline, Operational Excellence and Risk Mitigation, takes place on Thursday, June 13th and will be available on demand for a limited time afterwards. Project Managers in attendance will earn Professional Development Units throughout the event.

Want more information and to view the full agenda.

Register here for the virtual event.

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!

Friday May 03, 2013

Oracle Instantis Complements and Expands EPPM Solutions

Late last year, Oracle announced its purchase of Instantis, a leading provider of cloud-based and on-premises project portfolio management solutions. Wayne Caccamo, a former Instantis executive and now part of Oracle’s Primavera team, discusses what the acquisition means for users of Oracle solutions for enterprise project portfolio management (EPPM).

Q: What new capabilities does the Instantis acquisition bring to Oracle’s already extensive portfolio of EPPM solutions?
A: Oracle’s Instantis EnterpriseTrack offers a number of complementary solutions and capabilities for the Oracle portfolio. At a high level, Instantis EnterpriseTrack brings top-down strategy execution and portfolio management capabilities to resource-constrained PPM environments. At the same time, Primavera P6 Enterprise Project Portfolio Management and Primavera Unifier provide robust bottom-up project-planning capabilities for schedule-constrained PPM use cases.

As such, Oracle’s Instantis product line has established market leadership in relatively lighter-weight project environments, such as IT; new product development; and process improvement. This, of course, complements Oracle’s traditional strengths in the capital planning, maintenance, and manufacturing environments that are prevalent in asset-intensive industries. This combination results in the most comprehensive single-vendor EPPM solution offering in the industry.

Q: Can current users of Primavera P6 and Oracle Fusion Applications integrate Oracle’s Instantis solutions into their existing platforms now?
A: Instantis EnterpriseTrack can integrate with Primavera P6, Oracle Fusion Applications, and other solutions through existing Web service APIs. More packaged integrations are on the product development roadmap. The vision is to move from the current, single-vendor EPPM solution to a single-platform EPPM solution by leveraging common cloud-service and Oracle components. At that point there will be a single, converged EPPM services layer for portfolio management, analytics, strategy alignment, and global resource and capacity management. However, there will continue to be a number of PPM-environment-specific configuration options to preserve cultural acceptability for each distinct user community in areas such as idea and demand management, project scheduling, financial modeling, and metrics tracking.

Q: What is the value of cloud computing to users of EPPM applications?
A: Often, cloud-based EPPM solutions are easier to deploy, use, administer, and afford. For example, deployment timeframes for Instantis EnterpriseTrack can be measured in days, not months. Oracle’s Instantis solutions are 100-percent Web based, which means they are easier to use since they are always on—anytime, anywhere—making it simple to support a remote and mobile workforce.

Q: Can EPPM users expect to see future upgrades and innovations to Oracle’s Instantis solutions?
A: Before being acquired by Oracle, Instantis built a 12-year track record of industry firsts and has been recognized by leading industry analysts as being innovative and visionary. With the additional resources being brought to bear under Oracle, it is expected that the rate of innovation will accelerate over time. Oracle is committed to continuous innovation in areas such as dashboards, reporting and analytics, user experience, and social/mobile PPM.

Read the full version of the EPPM Quarterly Newsletter here

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