Monday Jun 24, 2013

Uralelektrostroy Improves Turnaround Times for Engineering and Construction Projects by Approximately 50% with Better Project Data Management

LLC Uralelektrostroy was established in 1998, to meet the growing demand for reliable energy supply, which included the deployment and operation of a modern power grid system for Russia’s booming economy and industrial sector. To rise to the challenge, the country required a company with a strong reputation and the ability to strategically operate energy production and distribution facilities. As a renowned energy expert, Uralelektrostroy successfully embarked on the mission—focusing on the design, construction, and operation of power grids, transmission lines, and generation facilities. Today, Uralelektrostroy leads the Russian utilities industry with operations across the country, particularly in the Ural, Western Siberia, and Moscow regions.

Challenges:

  • Track work progress through all engineering project development stages with ease—from planning and start-up operations, to onsite construction and quality assurance—to enhance visibility into complex projects, such as power grid and power-transmission-line construction

  • Implement and execute engineering projects faster—for example, designing and building power generation and distribution facilities—by better monitoring numerous local subcontractors

  • Improve alignment of project schedules with project owners’ requirements—awarding federal and regional authorities—to avoid incurring fines for missing deadlines

Solutions:

  • Used Oracle’s Primavera P6 Enterprise Project Portfolio Management 8.1 to streamline communication with customers and subcontractors through better data management and harmonized reporting, reducing construction project implementation and turnaround times by approximately 50%, on average

  • Enabled fast generation of work-in-progress reports that track project schedules, budgets, materials, and staffing—from approval and material procurement, to construction and delivery

  • Reduced the number of construction sites by nearly 30% (from 35 to 25) by identifying unprofitable sites—streamlining operations at the company’s construction site network and increasing profitability

  • Improved project visibility by enabling managers to efficiently track project status, ensuring on-time reporting and punctual project deliveries to federal customers to reduce delay penalties to zero

“Oracle’s Primavera P6 Enterprise Project Portfolio Management 8.1 drastically changed the way we run our business. We’ve reduced the number of redundant assets, streamlined project implementation and execution, and improved collaboration with our customers and contractors. Overall, the Oracle deployment helped to increase our profitability.” – Roman Aleksandrovich Naumenko, Head of Information Technology, LLC Uralelektrostroy

Read the complete customer snapshot here.

Monday Jun 10, 2013

Oracle’s Vision for Project Management at the 2013 Oracle Primavera Virtual Summit

The 4th Annual Primavera Virtual Summit kicks off this Thursday, June 13 and will provide an exclusive insight into the industry-leading solutions designed to increase visibility and improve project performance.

For organizations that simultaneously undertake many large, complex projects, having accurate, real-time insight into performance and the ability to identify and mitigate risk is an integral part of driving success. To achieve this, many are turning to Enterprise Project Portfolio Management (EPPM) solutions.

During this one-day global event, attendees will get a chance to see how Primavera P6 EPPM and Primavera P6 Analytics 3.1 provide leading organizations with the visibility needed to help plan and execute projects more successfully.

Oracle’s 4th Annual Primavera Virtual Summit: Enabling Financial Discipline, Operational Excellence and Risk Mitigation, will be available on demand for a limited time after the event. Project managers in attendance will have the opportunity to earn Professional Development Units.

Monday Jun 03, 2013

Western University of Canada Controls Capital Projects with Oracle Apps

Western University of Canada was able to improve its capital project management practices & lower their IT costs with the implementation of Oracle Primavera solutions and Oracle PeopleSoft. Discover why they are a success story and how they were able to free up cash for re-investment in facilities and research for its 35,000 students and faculty.

Watch the video today!

 

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.

Monday May 20, 2013

E.ON New Build & Technology Increases Profitability, Reduces Risks by Streamlining Engineering and Construction Projects

E.ON New Build & Technology GmbH—global unit of the world’s largest, investor-owned utility company, Germany’s E.ON SE—is a leading engineering and construction firm. The company unites excellence in project management, project delivery, and engineering to support the entire E.ON Group with advanced engineering services and technology competence. E.ON New Build & Technology is engineering a cleaner and better future for E.ON by delivering world-class solutions that it has seen through, from ideas to reality. E.ON New Build & Technology is the central hub for research and development activities within the E.ON Group, enabling further development of sustainable, low-carbon-energy technologies and broadening E.ON’s geographical footprint with new market development.

Challenges:

  • Manage more than 100 engineering and construction projects, annually, with increased efficiency—ranging from small projects, such as power transformer maintenance, to very large projects, such as the turnkey construction of thermal, coal-fired, or nuclear power plants.
  • Facilitate proactive project management by providing actual project status information and ad-hoc, root-cause analysis to strengthen decision-making and mitigate project risks.
  • Provide accurate project performance forecasts to meet hand-over dates and avoid project budget overruns—usually caused by numerous change requests, which on average cost between US$10,000 and US$100,000 per request.

Solutions:

  • Deployed Primavera P6 Enterprise Project Portfolio Management to prioritize, schedule, execute, and monitor engineering projects with earned-value analysis and E.ON-specific adaptations—from the construction of entire power plants to the maintenance of power transformers, involving up to several thousand workers, across dozens of teams per project.
  • Enabled assessing E.ON-specific project management environments, as well as developing and implementing procedures that make project scheduling, execution, and monitoring more efficient.
  • Reduced dependency on engineering, procurement, and construction firms by facilitating end-to-end control over projects and subprojects, helping the company to run complex projects, such as a set of 1,100 megawatt thermal power plants with more than 50 lots, by coordinating interfaces among subcontractors and the general planner.

Why Oracle:

“We decided to implement Oracle’s Primavera P6 Enterprise Project Portfolio Management over Microsoft Project and Power Project because P6 proved to be an expert system, handling large data volumes much better than its competitors and offering a stable and centralized scheduling environment. The use of various layout and filtering criteria was also highly appreciated,” said Heinrich Genent, project scheduling, E.ON New Build & Technology GmbH.

Read the full customer story 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!

Monday May 06, 2013

Five Globalization Risks and How to Manage Them

Globalization may offer enterprises exciting new growth opportunities in emerging markets, but it can also introduce a complex array of operational risks. The challenge is that without the right infrastructure in place to confront these risks, international projects can immobilize an organization and lead to the biggest consequence of all—putting the company out of business.

“Investing in the Unknown?” is a new report produced by The EPPM Board that explores five key challenges facing global project delivery. Produced for enterprise project portfolio management (EPPM) professionals, the report examines the challenges of operating across borders, and details the role of EPPM solutions in maintaining effective visibility and control.

A shifting risk profile. The increased scale of globalized operations is matched by the increased level of risk, ranging from fluctuations in interest and exchange rates to supply chain piracy. As these risks become more strategic, they frequently involve greater levels of uncertainty that can impact capital investments. Organizations therefore need access to a more comprehensive risk framework, and the ability to analyze different scenarios and model specific risks and costing options.

Regulatory obstacles. Fast-changing regulations and local policies can have a dramatic impact on the profitability of cross-border investments, heightening uncertainty in rapid-growth markets. By adopting a global platform for managing the project portfolio, greater visibility can be gained into the procedures for overcoming regional barriers—and for developing suitable contingency plans.

Cultural differences. Managing workforces when operations are separated by thousands of miles, international time zones, and cultural and religious differences can be an exacting challenge. To cope, the central organization must be able to refine portfolio management and create an infrastructure that maintains the diversity of international teams while also empowering local delivery.

Resource constraints. Increased competition for local talent often results in skills shortages in key functions. This creates increased demand for effective planning processes allied to dynamic resource management capabilities. While the tools exist to support these activities, the trick is to review intelligence from a consolidated global perspective. EPPM solutions provide a framework for adopting this perspective and for balancing the risks of individual projects across the portfolio.

Problem flexibility. The growing interdependence of international value chains makes the consequences of major systemic disruptions difficult to manage. Increased visibility into value chain performance, and processes for creating a collaborative, two-way flow of information are the vital ingredients for retaining flexibility and responsiveness. In addition, executives must be able to select the type and frequency of data they review and zoom in on any critical obstacles.

EPPM Is Essential
To succeed in globalization, organizations must manage challenges and risks at an executive level. As a result, EPPM technologies that enable a more integrated, top-down approach to managing projects and resources are becoming critical components in many globalization strategies.

Read the full report and learn about Oracle’s full portfolio of EPPM solutions.

Tuesday Apr 30, 2013

Oracle Announces Three Important Enhancements to Its Enterprise Project Portfolio Management Portfolio

Oracle recently made a series of new product introductions in its lineup of solutions for enterprise project portfolio management (EPPM). Included are expanded versions of Oracle’s Primavera P6 Enterprise Project Portfolio Management 8.3 and Primavera P6 Analytics 3.1.

Oracle also introduced a new product, Primavera Gateway 1.0, a new integration platform that connects Primavera P6 Enterprise Project Portfolio Management with other enterprise applications to improve and streamline project planning and execution.

“Enterprises in asset-intensive industries often mention the need to have integration between Primavera P6 and their enterprise resource planning system,” says Kate McGettigan, principal product manager, Oracle’s Primavera. “Without this integration they have limited project-level collaboration between disciplines and across sites. This leads to an inability to effectively manage the project work within and across different business units and assets. This may also lead to delayed or ineffective decision making.”

Read the full article here

Wednesday Apr 24, 2013

Register today for Oracle's 4th Annual Virtual Summit - June 13, 2013

Discover why Primavera is the #1 multi-initiative Project Portfolio Management Solution to help you achieve financial discipline, operational excellence and risk mitigation.

Attend live presentations about best practices, case studies and  industry solutions. Learn about the latest PPM Products from cloud based Unifier and  Instantis to Primavera P6 new release.Visit the Exhibit Hall to chat with Oracle PPM experts and partners.  

Check out the Resource Library to access valuable content, whitepapers and videos.

And don't forget to stop by the Networking Lounge to connect with your peers and make new connections.

Don’t miss this unparalleled opportunity to attend Primavera's most eagerly awaited virtual event! Join June 13th, 2013 - 10:00 a.m. – 5:00 p.m. ET / 7:00 a.m. – 2:00 p.m. PT

Register today!

Thursday Apr 18, 2013

Did you miss the live webcast of “What’s New with P6 Analytics Release 3.1?”

View it today ON-demand and discover why Oracle’s Primavera P6 Analytics R3.1 is a best-in-class business intelligence solution for Oracle Primavera P6 customers.

P6 Analytics 3.1 delivers critical support for asset-intensive industries, alongside a host of other new features and capabilities. Learn how you can:

  • Minimize risk with smarter tracking of off-line and on-line maintenance projects

  • Increase control with deep, day-by-day histories of project changes and performance

  • Accelerate analysis with out-of-the-box metrics based on industry standards

  • Customize and innovate with new UDFs, ETL calculation options and more

Watch this webcast today, because it’s important to know how projects are performing day-to-day, in order to identify risk and manage large and complex assets successfully.

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