With timeliness traversing for years and having resources in billions, energy and utility projects face various challenges which include managing the control and workforce and timely execution of a project. In this state, there is an absolute need for a software-based solution, and this is where Oracle’s Primavera enterprise project and portfolio management (EPPM) plays its part.
Oracle’s Primavera EPPM is a professional program which is the most effective, reliable, and easy-to-use tool in energy-intensive sectors to prioritize, plan, manage, and execute operations, programs, and duties worldwide. Primavera EEPM solutions help to identify complex energy sector challenges, which includes
• Navigating interconnected risks and benefits environment: Many issues confront energy and utility projects. They face numbers of problems as it is a complex utility environment; thus, utility company need precise, timely data, and this is where Primavera EPPM comes in use.
• Ensuring the investor’s benefits: Primavera EEPM provides powerful analytics which allows energy firms to assess, prioritize and assign the correct policies. Moreover, scenario analysis and optimization of decisions deliver the data needed to forecast probable results and determine the likelihood of achievement.
• Effective Management of Operations: When it comes to big utility project, a single change in any small units creates a ripple effect which timely affects all other aspects of the project. In this scenario, Primavera EEPM comes up with a unique platform to manage all activities and provides a clear and comprehensive overview of all projects thus it creates reliability in identifying problems governed with projects and allows to do any mid-course corrections and ensures efficient allocation of resources.
• Early Plans for Risk Management: In more significant projects, the likelihood of errors increases significantly and thus to deal with these errors a pre-planning is required, and this is where Primavera EEPM comes into use. It delivers easy-to-apprehend analytics which allows to model risks and takes timely decisions to mitigate the risks and continuing the uninterrupted flow of operations.
• Effective Management of Human Resources: The large scale projects comprises of vast number of human resources and managing these human resources and labor force while also maintaining the timely recruitments of new employees is a difficult task thus Primavera EEPM help organizations to address this issue with a centralized project intelligence platform that improves organizational skills, offers a prevalent project management structure and enables fresh hires to get up to pace rapidly. By helping to reallocate the right resources at the right project, Primavera EEPM’s applications help an organization to make most of the labor pool while making collaboration between human resources much more manageable. Hence, it helps to create an environment of cooperation that directly affects the outcomes of the project.
Concluding all, Oracle’s Primavera EEPM is a software solution to all the managerial tasks related to large energy and utility sectors. From the basic framework to advanced level of frameworks, Primavera EEPM covers a range of management tools which allows energy sectors to perform their operations with fewer chances of ambiguity.
