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Energy & Utility

enery

Energy and utility has been a growing industry and like every growing industry, sectors related to energy and utility has been facing challenges. Oracle primavera has given them solutions to their management needs. This blog mainly covers Primavera P6 EPPM for energy and utility . the solutions include earned value, risk management, cost management and related factors. The elaborative factors includes balancing your company’s capital investments, maintenance operations and resource allocations. This factors can highly effect the progressive and success strategies of your business. This is very important to make sure that your maintenance and capital projects are fully aligned with company’s strategic goals and are delivered on project and are within the estimated cost. The most important factor that it is in the proposed budget. With the primavera proposed solutions , oil and gas companies are able to meet their goals , overcome resource shortages and capture best  practices. The energy sector includes gas, oil and coal. The goals are CapEx , lower OpeX costs , manage and mitigate the risks effecting the success of your business. The progress can be done when the risk effecting factors are mitigated.

So that your project can offer high ROI’s . With oracle’s primavera portfolio management discover how a single management system can drive various capabilities, the capabilities include

1. absolute alignment between company strategy, execution and results. Goals that are important.

2. managing the program lifecycle from the idea generation to the execution of project lifecycle.

3. project cost controls and financial management which include the strategies of earned value systems.

4.transperancy and visibility into business decisions.

5. internal and external resource management, which includes resource identification, resource allocation and resource management.

The methodology of prescient solutions group is proven to assist you in anticipating future business needs, assistance and requirements.  The energy services and utilities are combined with hundred of laws proclaiming the various needs. The regulations, codes and regulatory agencies that effect the way you carry out the business strategies.

Technology solutions provide the most reliable and effective solutions in the industry , response time. Efficient customer service is critical to all organizations. Do you ever struggle with decision making due to lack of quick information? Let Prescient solutions group serve you as your partner and carry your business to the heights you aim to get it. Your go-to technology partner. Constantly providing and anticipating your business and technology needs.

The experience of prescient solutions group in working the utility and energy  industry goes up to 25 years. We use the domain knowledge of your industry to make sure and ensure that every software solution we develop for you  100% compliant with the domain we are offering it to. Your industry and your corporate strategy. Our main focus is on quality and ever changing industry needs delivering solutions that will help accelerate your business progress as well as meet the changing dynamic and vast needs of your energy and utility industry.4

The focus is also on exceeding expectations. Solutions that make the objectives clear and attainable , that makes your company’s growth possible.

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Earned Value Management

management

Talking about management systems, earned value management is really of major importance. We first need to understand, what exactly is earned value management. It’s importance in our business sectors. And how we need to implement it for best outcomes and results for our business and it’s success.

Earned value management , can also be known as performance management is a worldwide known technique for performance measurement and progress in objective manner. It’s the ability to combine the measurements of three important factors. Scope , schedule and cost. When talking about a single integrated system, performance management or earned value management is usually able to provide accurate forecasts of project performance problems which is an important contribution towards your earned value management system.

The essential features of earned value management system includes:

1. A proper completely designed project plan that identifies work to be accomplished.

2. an evaluation of planned work , which is called planned value (PV) or budgeted cost of work performed (BCWP)

Most

Importantly

3. pre defined ”earning rules” (also known as metrics) to measure or quantify the accomplishment of work. Called earned value (EV) or budgeted cost of work performed(BCWP)

Earned value management implementations for large or complex projects include a number of features such as forecasts and indicators of cost performance (over budget or under budget) and schedule the performance , which may be behind schedule or ahead schedule.

Earned vale management originally emerged in US as a financial analysis in the 1960’s , but has since become a vital part in project management and cost engineering . implementation can be implemented to fit projects of all sizes and complexities. Research investigating the contribution of EVM to project suggests a moderately strong positive relationship.

Primavera earned value management helps organizations better manage project costs, measure earned value  and analyze budget , actual, forecast and performed costs. Without a comprehensive earned value performance, troubled projects can get out of control without the problem being recognized. With primavera earned value management , organizations can generate the statistically accurate estimates needed to understand and communicate project performance while there is still time to deal with  and address the issues.

Main features are:

1. monitor project performance using earned value management techniques.

2. calculate project costs using the direct and indirect costs per source.

3. accurately measure both cost and schedule performance.

4. track the differences between what was budgeted and how it was executed.

5. produce reports that comply with the U.S office management and budget (OMB) 300 directive.

The benefits that can be earned through earned value systems:

1. analyze and communicate the project performance data

2. increase program visibility through different factors like effective and stream lined communication with all stakeholders

3. systematically determine some factors, which may include

-> whether the project is behind the schedule

->ahead of schedule

->under budget

->over budget

This all can be done by analyzing the earned value KPI’s

It can nearly be impossible to build annual budgets that consider forecasted budget and program plans with detailed data of cost management and cost effectiveness. The more challenging part is uniting the actual program costs and actual program scheduled tasks. Oracle’s primavera project management’s earned value system’s gives the best solution in this regard.526

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Construction Software

web-based-construction-software

Oracle primavera P6 and phoenix project management for construction.

Primavera and phoenix PM is designed for construction professionals.

It is believed and acknowledged that primavera  P6 provide the most reliable services in the construction industry.

At prescient solutions group we focus on providing relentless attention to quality by using our experience . Solutions that meet the demands and needs of construction industry.  Response time and efficient delivery are critical to any organization or industry. Don’t struggle with slow decision making because of lack of information.

With the changing trends the construction industry with it’s ever changing projects face unique conditions that require new approaches in satisfying demands and meeting the exact solution for the ambiguity faced during a project that also includes contractual requirements. The architecture and structure of many projects require the ability to accommodate and adhere to the recent business implications and continually changing guidelines. Prescient solutions group is your go to technology partner for primavera P6 software that includes implementation as well as installation, constantly anticipates and researching the trends to ensure your business and technology needs are met.

 PHOENIX CONSTRUCTION SOFTWARE:

Developing an easy project plan to get the work done right, on budget and on time just got a lot easier.

Phoenix is a powerful project , portfolio and resource management solution to benefit traditional AEC clients who want and easy to install and use construction scheduling solution that is compatible with sure track and primavera P3 plus it can easily import or export to primavera P6 . XER formatted data.

Phoenix project management is relied on by ENR 400 CONTRACTORS LIKE Turner, Gilbane , Mosser, more than 100,000 users and schedulers worldwide.

For more information about how phoenix project manager can improve your scheduling jobs, contact us at 866-823-1890.

Phoenix project manager:

The roles that are played by a phoenix project manager are as follows:

  1. Provides seamless schedule integration from the owners, contractors and sub ordinates etc.
  2. Fits into the supply chain, integrating with Microsoft project and primavera giving contractor a new and more promising option.
  3. Adds a CPM checker to ensure the quality of the schedules throughout the project.
  4. Provides the tools to and solve the problems even before the construction begins.

Phoenix project managers are committed to the construction industry, and are constantly bringing new horizons to the way things are sorted out and solutions are given in the construction industry. It’s the first choice and is chosen as a priority to meet the unique solutions that the changing trends of industry demands.

Phoenix project manager is a valued partner on some of the largest projects in the world. Allowing firms to maximize up- time while reducing overall project costs and delivering earned value management to the organization through improved planning and execution.

Phoenix project manager is ideal for helping construction, engineering and utility and energy companies  develop a more cost effective and earned value work plan that help them achieve the positions they reserve in the industry and constantly improve them.

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Buying Oracle Primavera P6

oracle

PSGINC consultants are always available to answer your questions.

Our team is experienced and have expertise in the related field, which can prove to be of great benefit for the people who are new to it have no idea what can be the best solution for their business ultimate success  and progress.  The expertise need to get your company and to the top and running fast with primavera P6 software solutions.

Our service model is proven and helps us to deliver the best to our customers. It allows companies of all sizes and maturities to be set up online through our fast and reliable installation system which is with all its best components can be provided online. The implementation services are also online therefore providing ease to the customers as well as the consultants. Where the ever changing market of IT and technology needs changing and fast moving trends of opting change and increasing value to how we manage work. Regardless of the size of the companies and organizations, PSGINC has helped companies to be ready to meet your company management requirements. Our consultants can support your roll-out and training for all primavera software applications. Our years of experience in project management and the expertise in technical field which is required when deploying the implementation and installation services ensure that you  will surely recognize the benefits desired from your project management solutions.

PSGINC knows that most of the companies prefer to invest in primavera software solutions for a number of reasons.  The first of it is , primavera is the best in class (widely known and acknowledged ) project management software.  Which helps your company in improving planning , collaboration, project execution and transparency. At times it is likely that the project requirements indicate that the most useful project management in this case would be primavera.  The most important and vital part of primavera is it helps the new as well as existing customers  in upgrading or migrating to primavera software solutions.

Primavera software applications include:

  1. Primavera enterprise portfolio management.
  2. Oracle’s primavera P6 professional
  3. Oracle’s primavera earned value management
  4. Oracle’s primavera contract management
  5. Oracle’s primavera contractor software services
  6. Oracle’s primavera risk analysis

In addition to this specific industry solutions for different industries i.e.  construction, oil and gas , utilities , engineering , manufacturing , aerospace and defense or public sectors are also available . for viewing them you can check our market solutions portfolio and their recent services in this regard which are appropriate for your industry solutions .

Ordering primavera software online is quick and easy.

If you need primavera software or have questions. Regarding primavera software online, you can contact us with your inquire. We assure you the best possible solution to deliver to your doorstep. If you would like to speak to some one in person or learn more about primavera software solutions , give us a call at 866 – 823 -1890 .to correspond with our consultants.

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First Step in Schedule Development with Primavera P6 Development

While using Primavera P6, the scheduling process is divided into four main parts or steps:

Plan, update, review/ analyse and communicate.

In the first part we would focus on how to plan.

1. It is very important to understand the contract and requirements given by the customer. It is very important for the scheduler as it may help in scheduling the updates. The documents should be well versed and capable of outlining the frequency which may refer to updates versus revisions, earned value requirements, cost and resource status requirements. It may also refer to change management procedures. These documents require specific software to be used.

2. Regular updates should be taken, in order to effectively record project progress consideration. Internal policies of the company, budgeting constraints for the project at hand and usage of application are the few important factors responsible for schedule update occurrence. when you maintain your records more frequently, get data of the built programs or data which is based on required periodic performance updates helps to figure out things more accurately and the people working on projects can work more effectively. It establishes greater accuracy, promotes timely issues/resolutions.

It also helps in enhancing the user’s skills in the application and management of the project and provide the starting point to which it can get back when some error or exception occurs during the update process.

The thing which enhances the use of p6 functionality is an established time of week/ month etc regardless of update frequency. In which the usage of layouts and reporting tools as well as predefined filters helps you enhance the functionality. These filters are based on standard rolling date as well as the scheduling data dates.

3. Assign responsibility to each activity is a very useful approach. While planning the most important task is assigning roles and duties for effective outcomes and results as needed. Assigning roles also helps in measuring the performance of the tasks being assigned. These responsibilities are assigned using a simple tool known as activity code, it allows the scheduler to break down the task progress by the trade or crew or individual performance or responsibility for the work. Each party can review the progress and plan out the work accordingly to the near term activities. the scheduler also identifies the potential issues and eliminate risk based on performance factors.

Primavera P6 Scheduling

Activity codes are global, which may be across the enterprise or project which are specific to the individual only one activity code should be assigned to avoid corruption across one platform.

4. The term ”baseline” refers to the accepted as planned schedule submitted at project inception.

Primavera defines the baseline as a snapshot which helps in measuring the cost, schedule and performance. It can also refer to the time impact analysis etc. (for users having sound knowledge of P3, targets are synonyms of baseline in P6). Before starting a process a baseline or a target may be defined and a contract schedule should be established.

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Primavera Jobs Contract and Positions

Primavera jobs contract and positions :

As a specialized primavera partner and software provider. PSGINC, we work closely with our customers in project engagements. PSGINC is regularly contacted for services that support long and short term job requirements. These staffing engagement often have the potential for permanent hire for the candidate after the initial contract period.

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Consultants and contract employee’s are encouraged to submit their resume for consideration on positions that match their respective skills and the job positions they desire. After the submission of your resume you will likely to receive a confirmation email for the job interview. The email will contain the current positions available for job. It would be updated by the job board, which may contain the client postings for primavera project management related positions.

The typical requests for staffing that are received may include:

  1. Primavera schedulers.
  2. Project managers and engineers
  3. Estimators
  4. Project controls/ administrators.
  5. Construction site managers and superintendents.

The employers can post the project management jobs listing for free.  Whereas the candidates can apply for job by posting their resume. PSGINC gives equal opportunities to all employers.

Primavera p6 supports public sector and federal projects:

Whether your federal organizations require an OMB 300 or 53 our expertise in CPIC provides you the confidence that your submissions will be on time, and compliant with federal requirements. We couple our mission expertise with product expertise, now the question here arises, what is exactly CPIC, the CPIC program is a structured integrated approach to managing information technology (IT) investments. It ensures that all IT investments align with the EPA mission and support business needs while minimizing risks and maximizing result, outcomes, gains and profits. Throughout the complete investment lifecycle.

The CPIC relies completely on systematic growth that means the flow of progress is not subjected to discontinuous approaches, it may also refer to the growth rate being systematic.  That ensures faster growth and progress rate. The systematic approach is towards the IT investment that contains three important phases, select, control and ongoing evaluation. To ensure each investments objectives support the business and mission needs of the agency.

The needs shall fulfill the requirements needed for the investments growth of the agency for which the investment phases are selected.

Oracle’s prosight is the technology of choice for managing CPIC missions, PSGINC gives you the confidence your submissions will be on time. PSGINC gives you the confidence that we can execute your CPIC requirements. But also navigate your technologies, reducing risks and maintaining compliance. PSGINC is adept in navigating federal acquisition regulations (FAR) and supporting federal and government agencies in their needs for business and technology needs. The agencies that may include Federal small state minority and disadvantaged contractors. SBE, DBE, MBE ccr, 8a edge HUB zone. Federal contracting and procurement programs for prime and general contractors. Contractor’s general registration. General services administration schedule. Indefinite quantity contracts to name a few agencies in this regard.

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Primavera P6 Implementation Services

Primavera has given a number of solutions when it comes to handling your project. It could prove to be the best solution when it comes to managing people, resources and scheduling tasks for people involved in working for your project. For this regard the Prescient solution group offers a tool for scheduling which will make sure and ensure the tasks being carried out and completed in record time and as per required by the customer. It ensures a successful primavera software roll out.

P6_Portfolio

Prescient Solutions Group want to make your task a more flexible one by ensuring to give the best solution possible, buying primavera is a good solution but that doesn’t do all the job. To install a large and complex management system like primavera is a complex task, but you can smoothly carry out this by adopting the implementation services of the prescient solution group. PSG possesses a reliable experience when it comes to giving services for implementation. Successful installation of primavera is sometimes a tricky challenge at hand that may require skills and experience. It may also require deep understanding of standard procedures of project management approach in which the skill and experience would go hand in hand. It is very common for people falling in traps when they are new to primavera or have not yet experienced of implementing primavera services at large scale that they of misunderstand the needs, for this we need to hire people who have knowledge of handling complex management systems with also having sound knowledge of the ground realities which need to be catered.

 

Few of the major problems being faced by project managers these days are,

 

1. Poor education

2. Poor training

3. Poor monitoring

4. User adoption issues

5. Technical integration with other enterprise systems including oracle applications, SAP and people soft etc.

6. Performance concerns

7. Incomplete process design

Primavera implementation services helps you figure out all these problems.

If you are looking for a successful implementation PSGINCS (Prescient Solutions Group Inc.  ) can prove to be your best technology partner in this regard. It has mastered implementations services by using enterprise project and portfolio management (EPPM) and earned value management systems. (EVMS). It helps you get the benefits of business you expect, real fast.

PSG is the best technical solution partner, it helps you deploy, tune, upgrade oracle Primavera P6 in your organization.

There are few thing which need to be kept in mind while undertaking the implementation services for primavera software. It is deployed in three ways:

1. the most common is to deploy is as a stand alone software on a desktop computer for a customer’s project management needs.

2. For small businesses who have office networks at their location, it can be installed as a client server environment. This configuration allows primavera to be installed to the local PC and the applications database either an oracle or Microsoft SQL database to be installed on a network server.

3. It is also being ideal for internet based use, because of the increased need for collaboration and mobility.

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IT Governance Using Primavera P6

In today’s vast expansion of industries, the one industry that has changed the trends and is bringing challenges for it’s users daily is IT industry. It’s expansion in the last decade has cause a ravishing challenge for the industries to manage the resources and bring the best to the costumes, users, developers as well as the executive team. With it’s release Primavera P6 has brought solutions to the managing resources in all kinds and sectors, which includes the IT industry. Oracle Primavera P6 is the most powerful tool, which is robust and easy to use which is helping in prioritizing the changing trends globally. It also includes planning, managing and executing the projects at hand.

Project Outsourcing: Pros and Cons

Here’s the question arises, what does it actually delivers to you and what key features will compel you to choose Primavera P6 for your company’s portfolio management. Mainly it handles your programs and portfolios, the best part about it , it’s an integrated portfolio management solution comprising role specific functionality which satisfies each members needs, responsibilities and skills.

There’s no specific size of project when it comes to handling complexity, large scale organizations as well as small business set-ups can use this integrated management system. It provides a single solution, adapt to various size of complexities. It intelligently scales to meet the needs and roles at different levels in an organization. It align strategy , execution and results. It ensures all projects are aligned to enterprise objectives. Manages incoming demands and prioritize work. Improve accountability and decisions through vast visibility and collaboration in an organization. Project management is not an easy task , manage work resources and building trust when it comes to delivery and effectiveness. Specially when it involves workers on different levels , which may result in multiple challenges, Primavera P6 helps you in optimizing value of all resources which may includes human resources, human capital, budgeting, facilities that may increase and maximize ROI (return on investment). Primavera P6 is best when you don’t want to go tracking down the people’s pagers, emails and phones to track down their progress with their work, it helps you manage the real time progress and deal with the latency which may led to decrease in your progress as an organization.

Now coming towards, how it manages IT governance, the first thing  to ponder is to focus on things that really matters and will increase the value of the progressive development of your organization whether it’s a large scale or small scale industry. The increasingly expanding organizations are facing two main problems these days, how to maximize ROI on your business, how to demonstrate greater value to the businesses they serve. Implementing the Primavera P6 by prescient group solutions helps your industry in establishing a relation between IT industry and business industries through enhanced decision making and efficiency improvements.  It gives you a single system of record for comprehensive portfolio management.

The things which will make your work a whole lot easier is business process management, work flow, configuration, cost and time management,resource and demand management, SAP Primavera integration, autovue, business intelligence, universal content management (UCM), user productivity kit (UPK).

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Oracle Primavera P6 Release 15.1

P6 Ease of Use
Primavera P6 15.1

Oracle has released the 2015 Upgrade for its Primavera P6 Applications.  With this upgrade comes a new standardization for it’s version numbering and point releases…. Starting with “Primavera P6 15.1”

This latest release addresses user request from both the P6 Professional & Primavera P6 Enterprise communities.

New features include:

• Resource bucket planning.
• Import and export baselines for projects in XML format.
• Cut, copy, and paste multiple projects.
• Improved Gateway integration settings.
• Improved Unifier integration capabilities.
• Team Member task detail preferences.
• Timesheets capabilities in P6 Mobile.
• Separate modules for P6 Professional and Visualizer.

We will be updating the blog and conducting a webinar soon to discuss these new capabilities.

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Project Outsourcing: Pros and Cons

As with any brand-new project, you simply must make a conclusion whether for you to outsource or even continue applying internal project controls. Within the last two many years, millions associated with companies possess chosen for you to outsource varying aspects of business surgical procedures. Outsourcing project controls consists of several critical benefits with the business, but additionally possesses risks towards success or even vitality from the business. Prior to make this step associated with hiring a third party contract intended for project controls, keep the next points at heart.

Project Outsourcing Advantages:-

  • Reduce/Save Resource Cost Through Outsourcing Projects

When working with a fresh project, you must consider how the expense of contracting skilled workers contrasts with the expense of training central staff. Because of increasing charges for training internal staff, outsourcing will help you save cash immediately.

  • Quick Start

As a result of eradication in the training time for central staff, outsourced project controls allow develop a provided project to begin with immediately. Furthermore, businesses outsource project controls for you to expand speedily without having to worry about accessible resources, including skilled workers.

  • A detailed & Fresh Project Audit

Outsourcing project controls provides a new, already-trained person the chance to examine the ins and outs and specifications of your project. This helps in order that a concealed problem regarding scheduling, resources or project planning does not go unnoticed.

  • Gain Perception for Future Projects

Over the course of utilizing outsourced project controls, you are able to learn new guidelines for working with similar assignments from experienced, contracted professionals.

Project Outsourcing: Pros and Cons

Project Outsourcing Disadvantages

  • Potential for Increased Pricing

Although a decrease in cost is often on the list of primary causes of outsourcing undertaking controls, it can easily become one of outsourcing’s best flaws. As you move the contracted laborer will give you work for the specific charge below what exactly internal staff members may price tag, there is not any guarantee which the contracted, outsourced employee will finish the job as quickly as a possible internal employee. As an end result, the total cost regarding outsourcing undertaking controls might be double, or else triple, the cost of using inside staff.

  • Internal Resources Connection Required

Along with caveat with regards to increased fees, outsourced sources still demand input via internal sources, whether that be course, payment, or maybe reviews regarding performed function. The heart in the issue rests in the goals of the project as well as ensuring outsourced undertaking controls always provide optimal services relative to these objectives.

  • Potential Compromise of Exclusive Information

The earth of undertaking management, especially with regards to the oil as well as gas sectors, relies about the sensitive balance between available sources and new technologies. Outsourced undertaking controls poses the danger of go against of inside of information. One example is, a business that would gain an important share in the market because of innovations in design might lose this particular opportunity in the event the outsourced building contractors disclose information to some others.

  • Risk for the Stalemate

If you outsource undertaking controls, you cannot own the particular resources themselves. The resources–skilled contractors—could choose to leave assembling your garden shed without a new moment’s discover. You must keep in mind that contract for outsourcing final only so long as the contractors wish to continue using the services of your business. If anything better or maybe higher-paying arrives, you will probably face a new mountain regarding work with no resources to perform it.

Outsourced project controls are usually a cheaper as compared to using central staff for project administration tasks.

  • Outsourcing project controls enables rapid development and an instant start in projects.
  • You can certainly learn how to approach similar project down the road.
  • You can still have to use many internal assets with outsourced project controls. Think about how exactly you can keep outsourced resources on the same page as you.
  • Outsourcing poses a likely threat on your proprietary info.
  • Since your outsourced services usually are not owned because of your company, they may not always want to continue working together with you.

Outsourcing project controls offers lots of benefits for organizations, and quite a few outsourced resources are nevertheless Americans, who simply want to work over a contractual schedule. You have to understand the positives and negatives of outsourcing project controls prior to deciding to determine based within the immediate, short-term increases from outsourced workers.

Read more about PSGINCS expertise in Oracle primavera p6, primavera contract management and project control management services.

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