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Use Of Enterprise Track

oracle use INSTANTIS ENTERPRISE TRACK , The first question that arises is why you need to choose INSTANTIS ENTERPROSE TRACK. The use of this enterprise pack comes when you need to optimize project and resource investments. This helps you improve strategy execution and financial performance with more effective work and resource management. this end to end solution provides a top down approach to managing, tracking and reporting on the enterprise strategies, projects, portfolios, processes, resources and results. it uses what-if scenarios to optimize resource deployment. here we present an overview of the instantis enterprise track, so you have a clear view before choosing the best solutions for your resource deployment plus the above mentioned scenarios and solutions. here’s the overview: – plan and execute project portfolios strategies – manage demand and resource utilization strategies across IT and other project portfolio types. – monitor, report and analyze work and project portfolio activity, status and metrics – deploy quickly and easily the features include: strategy and process management: the benefits of this features includes, drive buisness and IT execution strategy from the top down by defining a portfolio of strategic goals and initiatives the second benefit is related to the feature idea management: capture new project ideas and filter requests by levergaging an online portfolio demand management: this feature is highly feasible when it comes to benefits like streamline and standarize intake capture , workflow, prioiritization resource scoping and approval processing for simple and complex project work demand proposal management: ensure alignment with strategic goals by enforcing a standarize workflow for promoting an idea for a proposal and selecting and approving projects. capacity management:  optimize scenarios with resources which include what-if scenario planning to simulate the impact of shifting , excluding or adjust proposed project plans resource management: enhance resource pool visibility and allocation control by balancing inbound work demand with available reource supply which includes time, staff and budget etc. the next feature is the most valuable of all project management: increase project status visibility and guide project team execution success. knowledge management: it is immportant as it improves project success by levergaging a centralised knowledge base of best practices, documents, tools and templates. financial management: this is very crucial for a projects success and minimising risk factors as it tracks planned versus actual costs with top down and bottom up project budgeting as well as capitalization, expense and charge back accounting. metrics management: track and roll up non-financial performance indicators such as defects , service levels, trouble tickets or any other operational metric of choice. survey management: gather feedback on demand from key internal customers and stakeholders with simple online surveys and polls. dashboards and reports: easily and instantly compose and share project and portfolio level projects which includes dashboards and reports at any phase of the project lifecycle , from ideas to metrics and from metrics to results collaboration: the collaboration involves improve productivity and project team which includes stakeholder communication and collaboration with seamless , fully integrated social networking. integration: it involves integrating with desktop applications , project management tools, enterprise applications and IT service management systems. oracle instantis enterprise track is the leading , cloud enterprise project portfolio management software used IT and project management offices to improve strategy execution and financial performance through better work and resource management. It provides an full service suite for managing , tracking and reporting on enterprise strategies , processes, projects , programs , portfolios , products, resources, costs and benefits. instantis enterprise track is easy to deploy quickly easy to use, easy to administer the tools of project and affordable. It empowers IT and PMO leaders

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Primavera Real Estate Management World-Class Real Estate Management

Primavera Real Estate Management provides comprehensive tools for planning, tracking, and managing your real estate portfolio. Make strategic decisions effectively and accurately for leased and owned properties. Rules and compliance requirements are kept up to date for easy lease management. Primavera Real Estate Management is part of the integrated Primavera Unifier offering.

Overview of primavera real estate management-a world class approach:

  • Comprehensive management and tracking of leased and owned properties across an entire real estate portfolio
  • Support for landlord and tenant lease types to allow tracking of expenses and income separately
  • Automated tracking of costs and expenses by department, space, or payees
  • Create and track lease payments automatically and roll up information to each facility’s cost worksheet or across your real estate portfolio
  • Manage critical dates and allow Unifier to notify you of upcoming lease dates that require your attention
  • Utilize flexible workflows to route, review, and approve common real estate transactions such as site selection and acquisition, dispositions, new lease initiation, subleasing, lease termination, and more

Features and benefits include:

  • Lease management
    • Flexible, configurable lease management capabilities to support tenant and landlord lease types
    • Automate payment requests and tracking of costs and expenses, associate lease payments with designated cost codes, and roll up to the facility’s cost worksheet
    • Track lease payment terms, contacts, key dates, clauses, tenant improvement allowances, security deposits, and more
    • Straight line rent calculation
    • Automate notifications and alerts for critical dates
    • Ability to support rent roll reports for a single property or across the portfolio

·         Document management

    • Leverage a robust audit trail of document changes to reduce tension across team members
    • The system ensures that all members of your team are always working on the most current document versions

·         Portfolio management

    • Set up and manage portfolio by region, property, site, or any other structure that suites your business organizational hierarchy
    • Full visibility into all real estate information across the entire portfolio with drill-down capabilities
    • Real-time portfolio data through visual dashboards help track performance against business objectives
    • Single, integrated, real estate and facility lifecycle management solution lets you view, compare, and report information for a single property or across your entire real estate portfolio—all in real time

·         Transaction management

    • Initiate and track strategic transactions, such as site/property acquisitions, dispositions, lease initiations and renewals, subleasing, terminations, and more
    • Automate management of scope, tasks, and deadlines through Primavera Unifier’s business process workflows
    • Complex transactions can be configured to handle scope, schedules, costs, documents, and related due diligence processes
    • Ability to configure the solution for tracking other real estate transactions, such as commission tracking processes and reporting

Conclusive discussion:

Use portfolio property KPI’S and dash boards for quality management

Set up and manage complex lease agreements for both tenant and land lord

Track property taxes and other fixed costs

Consolidate all costs and payments for lease and property

View portfolio profile and metrics by portfolio heirarchy

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Oracle’s Primavera Facility Management

World-Class Facility Management

Primavera Facility Management provides a powerful, flexible, and easy-to-use solution to plan, manage, and maintain smooth operation of your facilities. From defining and tracking building spaces to performing facility inspections, the flexible toolset adapts easily to customer-specific needs.

  • Create service requests using an easy-to-use web portal interface and route requests directly to the appropriate personnel
  • Generate work orders to inspect, maintain, and correct issues for smooth operation of your facilities
  • Schedule automatic preventive maintenance work orders through timed- or metered-based scheduling
  • Roll up maintenance work related costs to a central cost sheet, and view detailed costs per transaction across a facility or portfolio of facilities
  • Visualize occupancy and room availability of a facility or building by floor or level
  • Inspect and assess your facility and gain visibility on the conditions of your building systems to compute the FCI index

Features and benefits:

   Document management

Leverage a robust audit trail of document changes to ensure team members have the most current set of facility documents, floor plans, and as-built drawings

Take advantage of Primavera Unifier’s Document Manager tight integration with market-leading business process and workflow engine to streamline changes

Use automatic storage of business-process attachments into specific folders and email alerts, and control file access by project phase, auto reference file management, and more

·         Facility condition assessment

    • Support for routine inspection and assessment of the condition of each building system. Collect, analyze, and report on the condition of the entire facility
    • Assess deferred maintenance work and estimated deficiencies, current replacement value, and capital renewal costs
    • Support for Uniformity II cost modeling using Primavera Unifier’s configurable FCA Manager sheet
    • Provide total estimated deficiencies and deferred maintenance work to support decision makers in annual budgeting and maintenance project planning

Space management:

  • Flexible and configurable solution to create, classify, and organize building floors and spaces by types, including usable spaces, common spaces, vertical penetrations, gross exterior measured areas, or any other customer-specific space classification
  • Leverage the configurable space definition capabilities to extend space attributes beyond the basic ones, including space name, size/area, location, types, vacancy status, usage, etc
  • Track space standard compliances, room availability, and occupancy rates in a single building, property, region, or across the entire portfolio
  • Provide a visual representation of an entire facility or building, broken down by floor or level, and show how space is being used and assigned
  • Simplify employee or asset moves by leveraging flexible workflow with task assignments, due dates, and space/room selection. Generate move tickets for detailed move tasks, labor, and material needed to manage the process

Maintenance management

    • Support for corrective, predictive, and preventive maintenance
    • Support for an easy-to-use service request submission via a portal interface
    • Configurable automated processes to generate preventive maintenance work orders at the appropriate time, based on a schedule or meter readings
    • Support for PM books, job plans, meter readings, job sequencing, invoices, and payments
    • Basic material and parts inventory, material orders and receipts, material moves, material adjustments, and more
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PROCESS IMPROVEMENT

CEO-Process-Improvement-Down

When we think about the term process improvement, the first thing that comes to our mind is improve the overall organizational use. The use of what, yes, precisely, the software the success of your project needs the primavera software. When we talk about the improvement in process, we are talking about the organizational use, its benefits and the rate of the success of primavera software. The abundance in functionality in primavera oracle software unlocking and correctly using these capabilities is the key feature in maintaining the successful implementation. When it comes to consultancy, our consultants have a vast experience in all functional aspects in the oracle primavera oracle suite. The expertise of our consultants is all you need to make your project a success and a big hit in your domain. Our consultants can work through the system of your business process to ensure that the functional capabilities that we provide are leveraged in a cost effective manner and to provide benefit to the user specific to accuracy, time saving, reporting and ease of use.

The expertise covers areas such as:

Demonstration:

The oracle primavera manuals are good but sometimes there is no substitute for seeing the tool in action. Our consultants have demonstrated virtually every component of oracle primavera to audiences. The audience may range from senior managers to technical team members.

Process design:

To achieve an automated workflow that guides users through standard business procedures and processes. Oracle primavera provides the mechanism to send actions to individuals in order to complete the steps, which have been identified previously. Escalation and reminder conditions can also be placed into the process in order to prevent bottlenecks. When data changes process can react to the data change allowing steps to be executed in an automated way. This fashion is opted to notify and ultimately rectify. PSGINC have designed process to aid in the compliance of many requirements (e.g. Sarbanes Oxley) to automate time approvals to facilitate conditional time approvals in order to facilitate conditional time approvals, define risk management processes, and outline project and program creation.

Financial structure maintenance:

When we talk about financial capabilities, they might appear to be complex when it comes to oracle primavera software. The complexity can be in term of settings that need to be made, the classifications that need to define, matrices, bill cycles , charge backs etc. PSGINC consultants can work with your finance department to identify and install the financial attributes required to achieve a streamlined project and the accounting process of that project. The most important point is that our experienced staff can maintain or build a link between your finance system and oracle primavera to provide transparency into all your portfolio investments.

Security structure:

The security functionality within primavera allow for multiple levels of granularity.

It is further classified into more parts:

Instance based: it defines the part where the user has a specific right to an instance of an object e.g. an individual project.

OBS based: allowing on the organizational structure.

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IPM Global Signs Prescient Solutions Group As It’s Newest Channel Partner In North America

IPM_Global-text_3_highres

IPM global has currently signed PSGINC as their newest partner in the region of North America. On 6th February 2013. IPM global is very pleased to announce the signing of prescient solutions Group Company, as it’s newest channel partner in the region of North America. The new signing allows PSG to provide AEC firms in the United States with the access to and support for IPM Global’s project management software. In this regard the principal controlling post bearer Lance Drossman at IPM said: IPM has been at the forefront of developing technology targeted at the needs of professionals related to construction for years. Nowadays project managers, owners; stakeholders of the project are mainly tasked with managing the ever-changing needs of capital projects. PSGINC is delighted as well as excited about our relationship with IPM and the new journey we are about to start with a hope that it would prove to be great success and an example of a success story for the years to come. We also feel the product offers easy to use functionality that will give assistance our customers project management, collaboration and document management needs through IPM’S intuitive and very familiar software interface embedded in Microsoft outlook for windows. In this era, the need for technology and the rapidly changing environment. More then ever, projects have become increasingly and rapidly more complex, continually straining and placing burden on an organization’s time and resources. As a partner and reseller for leading and innovative technology. The companies like IPM, oracle, citizen, IBM and INMAGE, is able to meet our client’s most important and prestigious needs and requirements. Which specialise in project management, application consulting systems integration, application development and the support for infrastructure.

The basic purpose of this project management system is to ensure the provision of needs to the project managers and fulfilling their needs and requirements, with the project managers, the construction staff as well, the main purpose is to operate how they already think. The main key features are as follows:

1. Centralised project visibility

2. High adoption rate due to the extension of Microsoft outlook

3. Customisable and flexible, which can meet the customer’s

4. Seamless integration to back end financials.

PSGINC is a next generation project management software suite that provides scalable solution with all the functionality needed to meet the requirements of today’s busy project managers.

Presented through Microsoft outlook and seamlessly integrating mail and calendar services with day-to-day delivery of services and operations. IPM by joining hands with PSGINC in the region of North America puts project management squarely where project staff spends more off their time for beneficial outputs.

The most important thing we learned about this was, IPM global supports integration with outlook; it gives us a way to track email and store them in the project management system. Microsoft outlook has been used for most of the communications purposes these days and the emails are now automatically tracked.  “Nothing has to be done, everything is automatically done.”

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Construction Claim Support

At prescient solutions group we give you the expertise that is reliable and you can count on it. In construction every step can have massive consequences, which are why you have to take care of each and every minute step you take and every decision you make. Failing to act to some situation adverse or not may be worse. Make sure every single step you take is on firm grounds and the step you take you are sure about the consequences will go in your favor. If it’s not obvious one thing can be make sure that the situation is always in your hands and you are prepared for the worse.

 Construction claim support

PSGINC and its consulting services provide the extra measure of guidance needed to act with confidence. We work daily on multimillion-dollar deals and at times more than this. The markets include virtual markets in every sector globally e.g. from construction claim analysis to CPM scheduling or from drafting initial contract language to provide expert testimony.  TRAUNER’S has done it all. It has given us a very valuable and much needed perspective on how, when and why a problem arises and the UN paralleled expertise to guide our clients to the best of our knowledge and to lead them towards success.

Guidance up front:

Call it street smarts. Our breadth and depth of experience enables us to recognize red flag immediately. Our expertise systems recognize what’s wrong and act immediately according to the situation. So you can avoid or resolve disagreements before they enlarge and are changed into bigger, expensive and bitter disputes.

Dogged detective work:

When a project does derail. TRAUNER can determine what’s wrong, what step should be taken in order to rectify it. Precisely to determine why it went off the track. We methodically dig through the project, digging through each and every detail, identifying the source of an issue it’s effect on the parties, how it may result into a dispute or create a problem for the stakeholders and it’s credible resolution without being assumptions or being biased.

Impartial expertise:

You can trust in what we say, you don’t have a choice. Do you. Or let’s take it this way: you will never need another choice when you will experience our TRAUNER once. Drilldown the truth is affecting the health of your project. Whether it’s good or bad or otherwise and effectively communicates those findings. We bring the solutions accurate to your need and will help fixate the error affecting the health of your project. We bring the kills that resolve the issues and get you back to business. That’s the major reason PSGINC is a name of trust for many of the major owners, builders, sureties, stakeholders and the authorities. Not only the big guns but also the entrepreneurs that are new to the business yet have the same passion and interest to take their business to heights and give their customers the best of the best possible.

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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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An introduction to High Level Resourcing?

The tool for project management Primavera P6 helps in planning, scheduling and management of resources at hand. The amount of details that P6 can handle is enormous. You can use Primavera P6 to track work for thousands of hours. One of the key strengths exhibited by Primavera is its capability to create high level resource allocations. High level resource means planning to fulfill resource requirements of a high level project plan.

primavera p6 scheduling

High Level Project Plan

The high level project plan is usually of level 1 or level 2. In this kind of plan, the work details involved are usually basic. Anyone who sees the layout of the plan can identify core or critical elements or parts like construction details, design, engineering or procurement. The levels can go to many sub-levels depending on the amount of detail involved. Some engineering associations range levels from 0 to 5, where 0 signifies single bar and on the other extreme 5 being high level of detailed involved in a task. In case of level 5 tasks, work is categorized into several sub-categories. However, level 5 is not the last level and there many subsequent sub levels involved.

Why high level project plan needs to be resource loaded?

The primary reason why high level project plans may be resource loaded is because it will allow you to accurately assess overall resource allocations required. There are many other factors which get covered using this approach including possible downtimes, need of resources at various project phases and efficient use of available manpower any particular time. Besides, you will be able to predetermine cost and cash flow estimates.

Resourcing High-Level Project Plan in Primavera P6

Primavera P6 provides very simple way of performing high level resourcing, typically when we are beginning from the level 0 or level 1. One of the major benefits of using P6 is that you will be able to save a lot of time and be able to efficiently manage data without getting lost. The best way to create high level resources is to do in groups of trade or occupation instead of individuals. For example, “Site Engineer Construction” assigning “Construction Engineering Team” as high level resource would ensure availability of this team to other parts of the project as well.

The Relation between High Level Resourcing and Levels of Effort Activities

Levels of effort activities can play a very important role in high level resourcing. You can summarize activities using level of effort activity for single resource instead of assigning it several times to multiple activities. Although, we know level of effort activities represent the tasks which indirectly support the overall project but still these can be utilized for equipment or crew in high level plans.

Conclusion

The High level planning and high level resourcing come together to give project managers a fair idea of budget needs and human resource requirements to accomplish various activities. You can easily create a schedule at high level within minutes. Tools like Resource Usage Profile Graph and Activity Usage Profile Graph give estimates for resource demand chart and projected cost curve.

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Integrating Primavera P6 with Project Portfolio Management

Oracle Primavera P6 can be very useful if integrated with social media, websites and other enterprise systems. It can greatly help in revamping management processes, improving transparency of available information and reduce costs. However, the transition may not sound very easy for a lot of IT departments.

Primavera-Project-Portfolio-Solution

The canvas of functionalities given to Primavera P6 is very wide. It is fully capable of assisting management in complete prioritization, planning, management and execution of projects. It is able to leverage responsibilities, skills, and role-based functionalities. The Enterprise Project Portfolio Management can singlehandedly adapt to various levels of dynamism and complexity involved in various projects. Besides, its ability to be scaled up to multiple projects and any number of users in different roles make it the most comprehensive project management tool available.
MGS can handle variety of projects for customers. It is able to handle both small and large scale projects of customers. You can now integrate Oracle’s Primavera Enterprise Project Portfolio Management via iBOLT Integration suit for CRM, ERP and proprietary systems.
Project management needs methodology and discipline to ensure a project gets completed successfully. The ability to execute disciplined project management skills involves deployment of right application platform and technologies. Integration of operational systems with project management systems plays a pivotal role in effectiveness of a project management office.
The integration requirements and patterns differ from one organization to another. Different organizations deploy various enterprise systems as per their specific needs. One piece of information updated in one system is automatically updated into another system. Similarly, associating one completed activity with another is very important for an ERP system. There can be several examples quoted in this regard like hourly billing, milestone payments, and threshold payments.
The rules and criteria in which one organization works usually differs from that of another. The visual configurable business flow tools are well suited for this kind of integration. Organizations need to work with these tools to optimize various IT processes in order to effectively support the Project Management Office. Make sure the business processes which are supporting PMO are well integrated otherwise you may need to start introducing your own integration processes.
Conclusion
The experience working with various technologies is critically important as it helps understand other factors involved which may include creation of detailed mapping requirements, defining business rules, utilization of use case scenarios, and normalization of data. The understanding developed for Primavera P6 is only part of the entire integration process. In order to get a grasp of everything, hiring expert for everything is very costly. The best way forward is to outsource the work.

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Integrating Primavera P6 with Project Portfolio Management

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