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.

Thursday Aug 08, 2013

Upcoming Webcast: Discover Custom Solutions for your Oil and Gas Projects - Aug. 20th

Logo

Do you know how your oil and gas projects are performing day-to-day?

For project managers in the oil and gas industry, it’s important to know so you can better manage large and complex assets, better collaborate and share information across the value chain.

Register to attend this webcast, Primavera P6 Analytics Release 3.1 for the Oil and Gas Industry, on August 20th, 2013 and discover how P6 Analytics 3.1 delivers critical support for your oil and gas projects, 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.
  • Use specific solutions for shutdown/ turnaround/ outages, as well as routine and on-line maintenance.
  • Increase control with deep, day-by-day histories of project changes and performance.
  • Customize into planning and executions, helping you to minimize downtime, quickly address risks to the schedule and increase the odds of a safely operating asset.

Plus at the end of the webcast you will be given the opportunity to have all your questions answered during the live Q&A.

Date:
Tuesday, August 20th, 2013

Time:
10:00 a.m. PT/1:00 p.m. ET

Friday Nov 30, 2012

Oracle is Proud to Sponsor POWER-GEN International Conference

Oracle is proud to be an exhibitor at the POWER-GEN International Conference - December 11- 13, 2012



POWER-GEN International is the industry leader in providing comprehensive coverage of the trends, technologies and issues facing the generation sector. Displaying a wide variety of products and services, POWER-GEN International represents a horizontal look at the industry with key emphasis on new solutions and innovations for the future.


Register today and be sure to visit Oracle in
Booth 2663 on the expo floor!

For more information on Oracle Primavera’s Enterprise PPM Solutions for Utilities, click here!

About

Information and insights on EPPM trends and best practices.

Stay Connected


Twitter

Search

Archives
« April 2014
SunMonTueWedThuFriSat
  
1
2
3
4
5
6
7
8
9
10
11
12
13
15
17
18
19
20
21
22
23
24
25
26
27
28
29
30
   
       
Today