Friday Feb 27, 2015

Portfolio With A View

Published in Projects@workd 

by Yasser Mahmud, February 23, 2015

An organization’s cultural behaviors, processes and tools shape the way project information is reported, which, in turn, shapes decision-making at the executive level. In order to improve visibility into project portfolios, we must first reduce the fear of raising red flags — and then go beyond our comfort zones to start looking differently at what we see.

Read more.

[Read More]

Sunday Feb 08, 2015

Managing Change on E&C Projects

Written by Krista Lambert, Director Engineering & Construction Strategy, Oracle

 As the saying goes: change happens. But the recent report from the Economist Intelligence Unit (EIU), Building in Change: Project Construction in Asset-Intensive Industries revealed that for engineering and construction projects, change is not only inevitable, it creates its own set of challenges. According to the report:

  • More than 60% of survey respondents blame unexpected change for at least one-half of all project overruns
  • 55% of the executives surveyed consider their companies as average or below at anticipating change

Clearly, both owners and E&C firms feel that they could vastly improve their ability to manage change. An enterprise-wide project management system not only provides greater visibility and insight into changes, but also improves communication across organizational boundaries, so you can quickly adapt to disruptions in labor, materials, and costs. To find out more, read the article Critical Components to Effective Project Execution in the latest issue of Construction Connection.

Wednesday Feb 04, 2015

Visualization and the Digital Project

written By Garrett Harley, Director, Engineering & Construction Strategy, Oracle

5D virtual construction will transform the construction industry

 Redesign should take place on the computer, not on the construction site.

 5D virtual construction modeling, or 5D BIM (short for building information modeling) enables the various participants of a construction project—from designers and contractors to owners—to visualize and display the entire construction progress sequentially over time, factoring in a critical component: actual and forecasted costs. It has the potential to vastly transform the delivery of projects large and small.

 Here’s how BIM technology has progressed through the years:

3D: Three-dimensional design modeling that enables project visualizations, walkthroughs, clash detection, and item scheduling

4D: 3D modeling plus time, linking the project schedules: resources, tasks, etc.

5D: 4D plus cost, integrating design with estimating, scheduling, and costing

 Leveraging the data available in the 3D BIM model, 5D BIM optimizes construction project management, enabling project team members to visualize the progression of construction activities and the associated costs. Beyond the ability to maximize physical and constructability constraints, 5D virtual construction gives companies the ability to better manage budgets and forecasted expenditures. Understanding construction sequencing can help prevent problems related to constructability and optimize cash flow within the framework of construction sequencing.

 In today’s environment, many E&C companies and some owners have begun to adapt and adopt 5D into their work processes. Recent surveys predict that 100 percent of owners and 80 percent of contractors will use BIM in some way in 2014.

 Currently, there is no standard definition of BIM and many partial or incomplete solutions. Dual standards have been developed by different organizations such as the Industry Foundation Classes (IFC) by the buildingSMART allianceTM and ISO 15926. The number of developers in the BIM space has also grown creating integration issues.

For visualization to drive projects from concept to completion and into operations and maintenance, developers must extend current BIM capabilities. Users need mapping and display capabilities between the embedded construction schedule and the 3D model. They need easy, effective ways to verify clearances, identify design incompatibilities, and detect clash or collision points.

 All construction contractors are currently investing in standalone, specialized niche technology, so now is the time to bring those niche technologies together in an interoperable environment.

 For more information on BIM, read the whitepaper: “Leverage 4D Building Information Modeling (BIM) to Help Meet the Challenges of Infrastructure Growth”

Monday Dec 08, 2014

Litmus Test: 86% of Large Enterprises See the Value of Business Transformation, Yet Nearly Half Are Not Fully Ready to Execute

Author: Mike Sicilia, Senior Vice President and General Manager, Oracle Primavera

 Today, “business as usual” simply does not, and will not, suffice for large enterprises seeking success. New competition is emerging, existing competitors are upping their game, and the legislative regulation is challenging organizations to reach new levels of transparency. The landscape is dynamic, and for those businesses that strive not simply to compete, but to win, the need for business transformation is urgent. However, while the majority of executives agree that business transformation is vital to maintain a competitive edge, nearly half (48%) are only somewhat or not at all prepared to successfully execute a business transformation today.

 Oracle, in partnership with Forbes Insights, explored what drives business transformation initiatives both internally and externally for a company, and what determines the success or failure of such initiatives in the study, “Making the Change: Planning, Executing and Measuring a Successful Business Transformation .

[Read More]

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]

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

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 Apr 17, 2013

Now Out: EPPM Information InDepth Newsletter - April Edition

Click here today to read the EPPM Information InDepth Newsletter, April edition.

In this April edition:

  • Watch the new Primavera Standardized Risk Management Solutions 3-minute demo.
  • Read about what are the five globalization risks and how to manage them.
  • Learn about Oracle Instantis, Primavera’s new cloud-based solution.
  • Take the opportunity to register for Oracle’s 4th Annual Primavera Virtual Summit and learn about industry specific PPM best practices and network with peers and EPPM experts.

Don’t miss reading this quarterly newsletter and stay up-to-date on topics such as:

  • Highlighted Oracle Primavera news articles;
  • Watch our featured videos and ON-Demand webcasts;
  • Discover and mark your calendars with upcoming Oracle Primavera webcasts and events;
  • Read our newest datasheets, white papers and customer success stories;
  • And discover much, much more just by clicking here

Tuesday Sep 11, 2012

Webcor Builders Coordinates Construction Schedules and Mitigates Potential Delays More Efficiently with Integrated Project Management

With more than 40 years of commercial construction experience, Webcor Builders is a leading builder of distinguished, high-profile projects, including high-rise condominiums and hotels, laboratories, healthcare centers, and public works projects. Webcor is also known for its award-winning concrete, interior construction, historic restoration, and seismic renovation work. The company has completed more than 50 million square feet of projects to date.

Considering the variety and complexity of the construction projects Webcor undertakes, an integrated project management solution is critical to ensuring optimal efficiency and completing client projects on time and on budget. The company previously used a number of scheduling systems for its various building projects. These packages provided different levels of schedule detail and required schedulers, engineers, and other employees to learn multiple systems. From an IT cost and complexity perspective, the company had to manage multiple scheduling systems and pay for multiple sets of licenses.

The company looked to standardize on an enterprise project management system, and selected Oracle’s Primavera P6 Enterprise Project Portfolio Management. Webcor uses the solution’s advanced capabilities to schedule complex projects, analyze delays, model and propose multiple scenarios to demonstrate and mitigate delays and cost overruns, and process that information efficiently to deliver the scheduling precision that public and private projects require. In fact, the solution was instrumental in helping the company’s expansion into public sector projects during the recent economic downturn, and with Primavera P6 in place, it can deliver the precise schedule reporting required for large public projects.

With Primavera P6 in place, the company could deliver the precise scheduling and milestone reporting capabilities required for large public projects.

The solution is in managing the high-profile University of California – Berkeley Memorial Stadium project. Webcor was hired as construction manager and general contractor for the stadium renovation project, which is a fast-paced project located near the seismically active Hayward Fault Zone. Due to the University of California’s football schedule, meeting the Universities deadline for the coming season placed Webcor in a situation where risk awareness and early warnings of issues would be paramount. Webcor and the extended project team needed a solution that could instantly analyze alternate scenarios to mitigate potential delays; Primavera would deliver those answers.The team would also need to enable multiple stakeholders to use an internet-based platform to access the schedule from various locations, and model complicated sequencing requirements where swift decisions would be made to keep the project on track.

The schedule is an integral part of Webcor’s construction management process for the stadium project. Rather than providing the client with the industry-standard monthly update, Webcor updates the critical path method (CPM) schedule on a weekly basis. The project team also reviews the schedule and updates weekly to confirm that progress and forecasted performance are accurate.

Hired by the University for their ability to deliver in high risk environments The Webcor team was hit recently with a design supplement that could have added up to 70 days to the project. Using Oracle Primavera P6 the team sprung into action analyzing multiple “what if” scenarios to review mitigation means and methods.  Determined to make sure the Bears could take the field in the coming season the project team nearly eliminated the impact with their creative analysis in working the schedule. The total time from the issuance of the final design supplement to an agreed mitigation response was less than one week; leveraging the Oracle Primavera solution Webcor was able to deliver superior customer value

With the ability to efficiently manage projects and schedules, Webcor can ensure it completes its projects on time and on budget, as well as inform clients about what changes to plans will mean in terms of delays and additional costs.

Read the complete customer case study at :


Information and insights on EPPM trends and best practices.

Stay Connected



« October 2015