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Business Transformation- A road map to maximize organizational insights

In today’s world of project management, change and organizational development we often come across the word Business transformation. We are now using this world frequently but have we ever wondered that what exactly Business Transformation is? Why this term is being used so many times? All the transformation requires an owner to rethink that how the enterprise creates the value of today and in future. Today all transformations require us to think big because the incremental improvement is not just enough to win in this disruptive business environment.

Business transformation is an opportunity to define the aim that goes beyond incremental change. It is an opportunity to rethink the business strategy and models to deliver breakthrough value. So Business management is a change in management strategy that has a goal to align people, process and technology initiative of a company more closely to its present business strategy and vision or aim. This will help the business to support, strengthen and innovate new business strategy of a business. Innovation is the key driver of any business or organization. Transformation and change is an issue for many businesses, research shows that 70-80% is a failure rate of the change program.

Many organization undergo such business transformation to cope with changing need of product market. It ultimately helps the bottom line of the organization in improving by increasing the revenue or decreasing expenses or by both. Transformation and change is an issue for many businesses, research shows that 70-80% is a failure rate of the change program. Many organization undergo such business transformation to cope with changing need of product market. It ultimately helps the bottom line of the organization in improving by increasing the revenue or decreasing expenses or by both. The factor that triggers the business transformation can be internal or external. External can be change or new regulations or may be funding sources become unavailable. While in internal factors it includes: business outgrows the management skills or production of products that require marketing. Transformation is a challenging task for many organizations. Strong core internal team and with outside support and expertise will be in a position to strengthen the marketing strategy. The team that is being chosen decides the success of the business transformation. The right people or team will define the achievable roadmap and then they will execute the plan. But it does not mean that team is more important than strategy. No strategy is perfect but if the team is strong, it can adapt to the necessary changes.

After making a strong team it is important to have the right strategic vision. this means to anticipate that what customer wants and how best to achieve it. After that Execution is the hardest part, more than half of companies fail because, although they have the right strategy for the business, but they are not able to execute the plan. A business should take a broad view on the customer demands when a company is embarking on business transformation as customer needs the solution not only a specific product, it needs to be aligned with the customer’s demand- in fact, it needs to anticipate the demands.

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Standardization and How it Effects a Project Manager’s Business?

project-managementThis article is written for the better understanding of how the standardizing of project management adds value to once business, in any industry, the growth is driven by standardizing project management across the organization.

Some key capabilities for standardization:

An enterprise must invest in standardizing, codifying and documentation of project management practices. It doesn’t mean one way of managing projects but a portfolio of consistent projects the enterprise.

Different business units and verticals may follow different methods or templates for following project management. Many variations are carried out in order to meet the needs of customers and specific markets.

For instance just think if standardizing is not done, it can reduce management’s ability to track and control price change requests and manage scope stuff, which may result in lower margins and increased project risks. Formalizing projects help scale your business. Fostering standardization of processed such as change management, scheduling, costing and project reporting is also very important.

Another major step in standardizing is consolidating and integrating project data. Project teams can also improve productivity and effectiveness.

Benefits of standardization are vast and far reaching, those organization that combined standardized project management processes with the right kind of technology get a significantly good result and successful projects. The outcomes include improved project team productivity, fewer project losses, the higher instance of projects that get completed on time, and are under their financial reachability.

Standardizing project management across an enterprise often encounters resistance. Because teams usually working as how they might be feeling but often you have to encounter adjustments one way or another. There is a positive side of creating consistent project management experience.

Standardization can have the following positive impact on a project manager’s life.

If you are a project manager, you can experience that your life may go from slow and steady to chaotic in a matter of seconds. , it is witnessed it would be helpful both for the leader and the teammates to work efficiently if you share a common way of working such as a framework or interface etc.

Considering an example, if the schedule of your project is built on the same tool as your teammate, it would be easier for you to grab what’s next on the to do list.

When hiring a new project manager, standardized project management, which is already implemented in the enterprise may help the new hiring in the understanding of how the work is done in that organization. Thus, drastically reducing the learning curve.

The cooperative continuous improvement is a very important thing and I have always been in the favor of improving. And the best way of doing this working along the other project managers, peers or pioneers both. This will help you in carrying out your tasks in more effective and standardized way. Thus making standardizing your tasks easier. Having someone to share your ideas and looking up to someone for some good experience is indeed a good strategy

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How Outsourcing Adds Value to Your Business?

outsourcingBefore pursuing to the understanding of adding value to your business, first, we need to understand what is outsourcing.  According to our very own Wikipedia, this term refers to a practice used by different companies in which they transfer a portion of their work to different external companies, this is a cost effective way but the condition is, it should be used properly. The external sources or service providers ought to be Specialists in their related fields.

Leaders choose out-sourcing to enhance business value propositions to stake-holders.

The question arises how and why the need arises, some of the processes are temporary and the company does not intend to hire a professional for doing that task.

However, before that, it is necessary that you should think and study about all the advantages and disadvantages of giving the resources and time of your business to a third party vendor, which is indeed very critical for your business.

As every other strategy related to business, there are many pros and cons to outsourcing as well. If not done right, it can bring down your business and create a lot of unrest.

Famous outsourcing business streams may include,

Pros of outsourcing

  • Swiftness and expertise
  • Concentrating on core process
  • Risk sharing
  • Reduced operational costs
  • Reduced recruitment costs

Cons of outsourcing:

The disadvantages include:

  • Risk of exposure of confidential data
  • Hidden costs
  • Lack of customer focus

How it adds value to your business:

When outsourcing, making a strategy which is effective in lowering the cost is very important.

Project managers can help make one.  Considering this three part structure,

  1. Assess the current state
  2. Consider the “to be” state
  3. Consider the governance require to sustain the future state

Project managers can avoid some common pitfalls in their outsourcing projects:

  1. Add a legal team, consisting of procurement and legal outsourcing experts which will help you in making the agreements.
  2. If you have any senior leaders around you, invite them to your project, in this way you can steer the initiative this will also help align it to the business mission.
  3. Gather some leadership support from your seniors; they might help you abstain from committing some serious blunders.

The things that count should be on finger tips of a project manager while handling a process with outsourcing aspects. Leaders can capitalize business value by keeping the right things in mind and if the outsourcing is done with a defined end.

Just to get an idea, consider that Assessments can be made on few things, such as

  1. Associate labor costs
  2. Labor expertise
  3. Value and non value support services
  4. Baseline of operational measures and service levels.

Project managers can help in many ways make an outsourcing strategies that trigger capitalization.

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How things are catered using Primavera P6?

Primavera P6The thing which is of key importance are project planning and management skills using Primavera P6. While dealing with projects of lengthy time span and activities that are larger and are further divided in sub activities.

The key features to this are:

  • Planning
  • Monitoring
  • Budgeting
  • Accomplishing.

The foremost thing in carrying out of these features is scheduling. Whether it is used in planning long term plans or tasks at hand. Scheduling includes services that tell at what time, what task would be carried out. Scheduling has been discussed in a number of previous articles but would be differentiated with project management and planning in this article.

Differentiating project management, planning and scheduling:

It can be easily understood as:

Project management is a system’s approach to planning, scheduling and controlling.

Project management of primavera p6 is a recognized standard for high performance. The projects are high scaled, sophisticated and multifaceted. Projects with unlimited resources are recognized and organized. The number of target plans are large, which in return makes it a vital part in catering projects under primavera P6.

A project managers work include,

  • Balance resource capacity
  • Plan, schedule and control projects
  • Track progress
  • Allocate best resources
  • Monitor, visualize and assess project performance versus plan.
  • Risk analysis
  • Conduct what-if scenarios.
  • Plan alternatives in case of anything went wrong.

Executives will be facing increasingly complex challenges during the next decade these would be the result of escalating salaries, raw materials and competencies between different giant organizations. Which increased union demand, pressure from stake holders, and the possibility of long term high inflation accompanied by mild recession.

All the executives today agree on the point, that the solution to majority of the problems is better control and use of existing corporate resources.

Project management can mean different to different people. It is designed to use the existing resources in a better way.

Let us understand it with an example:

It’s around 5 in the evening and the project needs a design change as well as a front end implementation, within a couple of hours for a persistent client, handling this kind of tasks comes under planning your project where there should be a spot for sudden changes, you check to see who is available, this is done through already scheduled tasks and duties. Well, you have a UX designer but not a single developer who can implement the changes. You have teams in multiple time zones, a model, intended for flexibility and sudden turnarounds like this, so you should have someone available for the tasks.

Figuring out when a developer might be free for some additional work load or sudden task is just one of the many things that you ought to manage.

This takes a good project manager to handle this chaos, good project managers need to be multi-tasking super heroes. Figuring out what need to be planned when and what should be scheduled how, differs all three terms we were discussing in this article.

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PSGINCS.COM – A HOME FOR BEST SOLUTIONS

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We address complex system of system challenges through tools , techniques and knowledge based system thinking while also recognizing that future systems require new thinking in complex domains such as cyber security, health care , data analytics, banking, transportation , government and aerospace.

oracle’s primavera portfolio solution is robust, easy to manage.

it’s key features include:

1. flexible user interface

2. team member interfaces for stating work

3. streamlined enterprise reporting

4. integrated risk management

5. resource management and optimization of views

6. workflow engine to automate business processes

the key benefits include:

1. unite project teams and stakeholders through collaboration and strong feedback methods

2. reduce the risk of costs and schedule overruns

3. optimize management of all resources

4. monitor and visualize project performance vs plans

5. confidently make and keep project commitments.

RESOURCE MANAGEMENT – MATCHING PEOPLE WITH PROJECTS:

Support both top down and bottom up resource request and staffing processes . primavera P6 EPPM makes it a lot easier for projects and resource managers to communicate their requirements and decision throughout a project’s life cycle. By providing a graphical analysis of resource and role utilization . PRIMAVERA P6 EPPM helps project team manages resources in dynamic environments.

This allows managers to see where resources are being used across all programs and projects as well as their forecasted future use . because all information is located is localized and centralized system. resource conflicts become apparent to project and resource managers , eliminating un expected delays and unforeseen resource limitations . in result of this, there is greater visibility into resource demand and capacity means maximized resource use.

BUISNESS VALUE:

Oracle’s primavera P6 ENTERPRISE PORTFOLIO ENTERPRISE MANAGEMENT SOLUTION helps organizations complete projects on time and with in budget by enabling them to prioritize plan, manage and evaluate projects, programs and portfolios across the enterprise.

ENSURE PROJECT DELIVERY SUCCESS FOR ALL YOUR PROJECTS AND PROGRAMS:

Primavera P6 EPPM is an integrated portfolio management application that includes role based functionality to match each team members’s needs and responsibilities. It provides executives with a real time view of their

organization’s project performance equips project participants with the right blend of usability , power and flexibility to effectively execute projects and enable workers across all levels of organization to analyze, record and communicate reliable information and make timely decisions.

primavera P6 EPPM can easily scale from a single user on a small project to tens of thousands of users engaged in millions of activities across hundreds of projects . the solution is built on a robust and proven standards based java architecture and is designed to deliver high performance with tight security , flexible integration and real time reporting including the analytics.

PORTFOLIO AND PROGRAM MANAGEMENT – PRIORITIZING PROJECTS AND OPTIMIZING ORGANIZATIONAL CAPACITY: 

With primavera P6 EPPM project managers can be confident that their projects and programs are aligned with company’s strategic goals and objectives that are in line.

by providing a consistent overview and analysis of the portfolio and program as projects are added and removed , this module enables project managers to manage incoming demand and select just the right balance.

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Primavera P6 Training Classes

As mentioned in our previous articles introductory articles to training

Training is a very essential tool in any kind of resourceful work. If you do not train your employs right.

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There are a number of ways the work can go wrong causing downfall to your organization. The presumed goal of training software project managers is to equip them with the knowledge and competencies that will help them to be successful in different domains regarding the domain of Software project management.

Now we focus on different classes provided by ORACLE for the training of their project managers. Which are discussed in detail as follows:

  1. Primavera P6 PPM fundamentals
  2. Primavera P6 PPM advanced
  3. Primavera P6 EPPM fundamentals
  4. Primavera P6 EPPM advanced
  5. Primavera P6 application administration

 

Main topics covered in Primavera P6 PPM fundamental is as follows:

  • Project Management Life Cycle
  • Understanding P6 Data
  • Creating a Project
  • Establishing Work Breakdown Structure (WBS)
  • Adding Activities & Using Activity Views
  • Creating Relationships
  • Project scheduling (CPM)
  • Assigning constraints
  • Using reflection projects
  • Resource and roles
  • Baselines
  • Project reporting

TOPICS included in Primavera P6 PPM advanced are:

  • Creating  Resource teams and roles
  • Managing multiple projects
  • Advanced resource planning
  • Managing and allocation of resource requests
  • Advanced scheduling methods
  • Advanced project reporting

Topics covered in Primavera P6 EPPM fundamental is as follows:

  • What You Will Learn: Defining the Organizational Breakdown Structure (OBS)
  • Describing the Enterprise Project Structure (EPS)
  • Creating a Project
  • Creating a Work Breakdown Structure (WBS)
  • Activities & Views
  • Relationships
  • Scheduling
  • Constraints
  • Project Workspace
  • Roles Resources
  • Baselining
  • Dashboards & Portfolios
  • Managing Issues & Risk

Primavera P6 EPPM advanced covers the following topics:

  • Creating Resource Teams and Roles
  • Analyzing Portfolio Details
  • Viewing Portfolio Performance
  • High-Level Resource Planning
  • Managing Allocations
  • Staffing Resource Requests
  • Resource Leveling
  • Advanced Scheduling Techniques
  • Reports

Primavera P6 Application Administration includes following classes.

  • Working with Data Structures
  • Working with Enterprise Data
  • Managing Users
  • Resource Administration
  • Global Dashboards & Views
  • Portlets
  • Managing Services
  • Portfolios
  • Application Settings
  • Project Portfolios Routine Maintenance

These courses are of different durations and hold different pre requisites as well. A person interested in opting any one of them need to pick exactly what he requires, which can be found in the vast domains of primavera P6 Training classes. The class leads participants through the entire project life cycle, from planning projects through execution of detailed work. Using a proven approach, our Oracle Certified training is centered on transferring the skills and best practices used by our Primavera consultants to solve your real world project challenges.  PSG’s Primavera training workshops can by request, be delivered in 1/2 day sessions for your convenience at an additional fee.

For registering in any of the above mentioned classes , click on the link below:

http://www.psgincs.com/course-detail-page.php?courseId=6

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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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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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Introduction to Baselines of Primvera P6

Introduction to Baselines of Primavera P6

The Primavera P6 provides the option to assign a maximum of three user baselines. Each baseline is provided to each project. Let us have a look at their role in successfully tracking overall project status.

Sched Sample 1

Baseline for Current Project

This baseline shows the current activities in project schedule that can be viewed in editable view.

Baseline for Project

This baseline resembles the current project baseline and is only created once all stakeholders have agreed upon final baseline. This baseline is usually not changed unless the due process has been completed and is normally kept under version control.

Primary, Secondary, and Tertiary User Baselines

These baselines are usually used to help get quick snapshots for comparison reporting and near term variances.

Basics of Baseline

The baseline is created using Maintain Baselines dialog, this will generate a full copy of the project within the database. You will not see the baseline project in project list as it is labeled as baseline copy.

There is no limit on the number of baselines that can be created within Primavera Project P6. However, this should not mean that you get carried away by the notion. The creation of each additional baseline means a full project copy, which would increase the amount of space occupied in the database. The performance of P6 database will eventually get affected because of the creation of too many baselines.

User Baselines

User baselines serve a different purpose which is mainly to assist the scheduling manager handle variance for a shorter period of time. One other way of looking at user baselines is that they provide snapshots of monthly status updates. Multiple user baseline fields can be used to create variance reports which would help the management spot differences between current and previous periods.

If the baseline is set as primary, the BL1 columns of the table area will have dates before the project which have been created in the Assign Baseline dialog. On the other hand, the data shown by BL2 and BL 3 will show data from baselines where snapshots have been allocated for Secondary and Tertiary fields.

The same BL prefixes are used by the variance columns which have been assigned to them in Assign Baseline dialog. One other use of different types of baselines is to display Gantt chart via Bars dialog. Select the display options to show baselines as bars below the activity bar. Bar Style settings in lower tabs can be used to modify their appearance.

Conclusion:

The capabilities of Primavera P6 are very powerful and useful and you can further capitalize on user baselines to better manage projects.

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Introduction to Baselines of Primvera P6

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