Monday Nov 11, 2013

EPPM Is a Must-Have Capability as Global Energy and Power Industries Eye US$38 Trillion in New Investments

“The process manufacturing industry is facing an unprecedented challenge: from now until 2035, cumulative worldwide investments of US$38 trillion will be required for drilling, power generation, and other energy projects,” Iain Graham, director of energy and process manufacturing for Oracle’s Primavera, said in a recent webcast. He adds that process manufacturing organizations such as oil and gas, utilities, and chemicals must manage this level of investment in an environment of constrained capital markets, erratic supply and demand, aging infrastructure, heightened regulations, and declining global skills. In the following interview, Graham explains how the right enterprise project portfolio management (EPPM) technology can help the industry meet these imperatives. Project Portfolio Management Solutions for Capital Projects

Q: Why is EPPM so important for today’s process manufacturers?
A: If the industry invests US$38 trillion without proper cost controls in place, a huge amount of resources will be put at risk, especially when it comes to cost overruns that may occur in large capital projects. Process manufacturing companies must not only control costs, but also monitor all the various contractors that will be involved in each project. If you’re not managing your own workers and all the interdependencies among the different contractors, then you’ve got problems.

Q: What else should process manufacturers look for?
A: It’s also important that an EPPM solution has the ability to manage more than just capital projects. For example, it’s best to manage maintenance and capital projects in the same system. Say you’re due to install a new transformer in a power station as part of a capital project, but routine maintenance in that area of the facility is scheduled for that morning. The lack of coordination could lead to unforeseen delays. There are also IT considerations that impact capital projects, such as adding servers and network cable for a control system in a power station. What organizations need is a true EPPM system that’s not just for capital projects, maintenance, or IT activities, but instead an enterprisewide solution that provides visibility into all types of projects.

Read the complete Q&A here and discover the practical framework for successfully managing this massive capital spending.

Wednesday Jul 31, 2013

Design. Connect. Build.

Mortenson Construction helps large project teams collaborate and share information—on and off the construction site.[Read More]

Friday Jul 19, 2013

Oracle’s New Magazine Targets Readers in Engineering and Construction

The premiere issue of Construction Connection, Oracle’s new digital magazine and microsite, published in partnership with Engineering News Record, for professionals for engineering and construction companies, is now available.
Read More[Read More]

Wednesday Jul 17, 2013

Q&A: Project Portfolio Management Can Help Financial Services Firms Succeed

For highly regulated financial services organizations, the project management office is playing a more crucial role in maintaining agility and strategic project planning. Mike Metcalf, director of services industry strategy for Oracle, says the right enterprise project portfolio management solutions can help financial services firms become better equipped to deal with regulatory challenges.
Read More[Read More]

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!

Wednesday Oct 24, 2012

Webcast Series Part I: The Shifting of Healthcare’s Infrastructure Strategy – A lesson in how we got here

Register today for the first part of a three-part webcast series and discover the changing strategy of healthcare capital planning and construction. Learn how Project Portfolio Management solutions are the key to financial discipline, increased operation efficiency and risk mitigation in this changing environment.

Register here for the first webcast on

NEW DATE: Wednesday, November 7, 2012
10:00 a.m. PT/ 1:00 p.m. ET


In this engaging and informative Webcast, Garrett Harley, Sr. Industry Strategist, Oracle Primavera and Thomas Koulouris, Director, PricewaterhouseCoopers will explore:

  • Evolution of the healthcare delivery system
  • Drivers & challenges facing the current healthcare infrastructure
  • Importance of communication and integration between Providers and Contractors to their bottom lines

View the evite for more details.

Friday Aug 10, 2012

Life Sciences Leader Covance Strengthens Its Portfolio Management Processes

Covance, one of the world’s largest and most comprehensive drug development services companies, recently implemented Oracle’s Primavera Portfolio Management to standardize IT project portfolio governance processes. “With Oracle’s Primavera Portfolio Management and our staged-gate methodology, we have transformed IT project portfolio management at Covance,” says Jason Davis, the company’s senior director of IT governance, portfolio management, and process excellence.
Read More

[Read More]

Friday Jul 27, 2012

Fuel Your Bottom Line Through Successful Project Management

Effective project management is essential for the success of your business, so you need real-time visibility into each step of the project lifecycle. This is especially true in the oil and gas industry, where companies are struggling to maintain profitability in the face of growing costs, risks, and regulations.

That’s why leading global oil and gas companies rely on Oracle's Primavera enterprise project portfolio management (EPPM) solutions. Discover how you can use this solution to successfully plan, build, and manage your projects, as well as fuel your bottom line.


 Gain Insight

In the oil and gas industry, companies are struggling to deal with change in every sector and at every level.

  • When and where should you rebuild older infrastructures and incorporate new technologies to unlock upstream and downstream production?
  • How can you control the soaring costs of exploration, production, and even raw materials?
  • How can you effectively plan and execute projects to ensure competitive advantage now and in the future?
  • How can you attract and keep talented, skilled labor as the baby-boom generation heads into retirement?

To help find the answers, many industry leaders are standardizing their project planning and portfolio management activities with the help of EPPM solutions, such as those from Oracle.

Oracle’s Primavera solutions seamlessly integrate with your existing asset management and ERP systems to provide rich capabilities for unified enterprise reporting, real-time data exchange, and comprehensive risk analytics. This gives you the transparency you need to maximize operating efficiencies, reduce costs, and effectively cope with change. Learn more in this white paper.

Friday Jul 20, 2012

Project Portfolio Management Is Key to CEO Success

Chief executives in project-intensive industries are under especially high pressure to deliver complex, lengthy projects within predetermined schedules. Now a new white paper, In the Firing Line: The Impact of Project and Portfolio Performance on the CEO, looks at the direct link between the health of the portfolio and CEO performance. [Read More]

Sunday Jun 10, 2012

Successfully Deliver on State and Local Capital Projects through Project Portfolio Management

While the debate continues on Capitol Hill about which federal programs to cut and which to keep, communities and towns across America are feeling the budget crunch closer to home. State and local governments are trying to save as many projects as they can without promising too much to constituents – and they, in turn, want to know where their tax dollars are going.

Fortunately, with the right planning and management, you can deliver successful projects and portfolios on a limited budget.

Watch the replay of our recent webcast with Oracle Primavera and Industry Product Manager Garrett Harley that will demonstrate how state and local governments can get the most out of their capital projects and learn how two Oracle Primavera customers have implemented project portfolio management practices to:

  • Predict the cost of long-term capital programs and projects
  • Assess risk and mitigation strategies
  • Collaborate and track performance across government agencies

Speakers:

  • Garrett Harley, Industry and Product Manager, Oracle Primavera
  • Cory Davis, Director of Capital Renovation and New Construction, Chicago Public Schools
  • Julie Owen, PSP™, CCC™, Sr. Project Controls Manager,LA Metro Transit Authority

With the right planning and management, state and local governments can deliver successful projects on a limited budget.

Sunday Jun 03, 2012

Projected Results

New demands—from executives and users alike—are transforming the role of project portfolio management in the enterprise.

“It comes back to a mantra: provide as many alternative user interfaces as possible, so you can give people the ability to work, to participate, to raise issues, to create projects, in the places where they live,” says Yasser Mahmud, Oracle’s vice president of product strategy and industry marketing.

[Read More]

Wednesday Apr 11, 2012

Navigating the Unpredictable Swinging of the Financial Regulation Pendulum

Written by Guest Blogger: Maureen Clifford, Sr Product Marketing Manager, Oracle

The pendulum of the regulatory clock is constantly in motion, albeit often not in any particular rhythm.  Nevertheless, given what many insurers have been through economically, any movement can send shock waves through critical innovation and operational plans.  As pointed out in Deloitte’s 2012 Global Insurance Outlook, the impact of regulatory reform can cause major uncertainty in the area of costs.  As the reality of increasing government regulations settles in, the change that comes along with it creates more challenges in compliance and ultimately on delivering the optimum return on investment.  The result of this changing environment is a proliferation of compliance projects that must be executed with an already constrained set of resources, budget and time.

Insurers are confronted by the need to gain visibility into all of their compliance efforts and proactively manage them. Currently that is very difficult to do as these projects often are being managed by groups across the enterprise and they lack a way to coordinate their efforts and drive greater synergies.  With limited visibility and equally limited resources it is no surprise that reporting on project status and determining realistic completion of these projects is only a dream. As a result, compliance deadlines are missed, penalties are incurred, credibility with key stakeholders and the public is jeopardized and returns and competitive advantage go unrealized.

Insurers need to ask themselves some key questions:

    • Do I have “one stop” visibility into all of my compliance efforts?  If not, what can I do to change that?
    • What is top priority and how does that impact my already taxed resources?
    • How can I figure out how to best balance my resources to get these compliance projects done as well as keep key innovation and operational efforts on track?
    • How can ensure that I have all the requisite documentation for each compliance project I undertake?
Dealing with complying with regulatory efforts is a necessary evil. Don't let the regulatory pendulum sideline your efforts to generate the greatest return on investment for your key stakeholders.
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