Tuesday Jul 23, 2013

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

As executives in financial services organizations across the globe face intense regulatory scrutiny, the project management office is playing a more crucial role in maintaining agility and strategic project planning, according to a new Oracle white paper, “The PMO—The Key to Surviving Financial Services Reregulation.”

Mike Metcalf, Oracle’s strategy director for services, says the right enterprise project portfolio management (EPPM) solutions and a central project management office can help financial services firms become less reactive and better equipped to deal with regulatory challenges.


Q: What problems are financial services organizations facing in the aftermath of the financial crisis?

A: Legislators in various countries have decided to tighten up regulations after a period when some rules were being loosened. So for financial services organizations, the challenge today is how to survive in an era of reregulation. The first obstacle they face is that new regulations may span different areas of banking operations, so some regulations may overlap and conflict with each other. Organizations must be sure that responding to one regulation doesn’t impact some other area.
Second, many organizations address these regulations in silos—different parts of the organization are responding to regulations independently, and they are tracking compliance with ad hoc tools, such as spreadsheets. This leads to increased risk because these tools are not conducive to collaboration or to creating a centralized view of all the regulations that need to be addressed.

Read the complete interview here.

Tuesday Jun 25, 2013

Just Released: Oracle Instantis EnterpriseTrack 8.5

Instantis EnterpriseTrack has been successfully integrated into the Oracle development process and the first release under Oracle is generally available. This release is a significant expansion of solution capabilities in resource management, project demand management, and project execution. It also includes customer requested product enhancements, reporting enhancements, performance optimizations, and user experience improvements. Key enhancements include:
  • New Resource Calendar functionality provides more precise capacity visibility for resource planning and increases project plan reliability.
  • Support for Activity Labor Cost Capitalization allows project teams to easily mark any WBS activity as CapEx or OpEx with Labor Expense Type and enforce proper classification of Labor Expense Type for activities by setting defaults through activity templates or at project level
  • New Variable Resource Rates functionality allows project stakeholders to specify resource rate accurately over time and account for wage revisions

Instantis EnterpriseTrack cloud and on-premise solutions provide a top-down approach to managing, tracking and reporting on enterprise strategies, projects, portfolios, processes, resources, and financials.

Upgrade now or Visit the Instantis EnterpriseTrack site to learn more.

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