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Primavera Project Portfolio Management EPPM

The world is moving fast. Time is flying. People are evolving. This is all happening due to rapid advancements in technology and its use in personal and professional life is increasing day by day making tasks easier yet competitive. To meet the fast pace environment organizations are struggling to get the best resources and be the best amongst all.

To meet and greet the organization’s complex and time-driven projects Oracle provided Primavera Enterprise Project Portfolio Management System.

What does Primavera Enterprise Project Portfolio Management System (EPPM) actually do? In simple words, it provides competitive advantage to rapidly growing organizations by managing the sheer volume of incoming projects remotely through internet. Managing here means it ease and share the workload of project manager who sometimes due to the overload of projects miss out important details. This system enables project managers to share project and role wise information through the system which can be accessible by all hence it plans and prioritize that how & which task should be done by whom and also it execute, manage and update about the ongoing process and progress of the project in the way that everyone from bottom to upper management who is part of the project can track all the updates and progress of the project which decreases the risk of failure.

Isn’t it sound interesting? But there is more in it. Primavera Enterprise Project Portfolio Management EPPM eliminates the communication gap between team members and project managers. It is designed in such a way that all the members of the project from upper to lower management can stay connected globally through mobile interface which enables each one of them to share the updates, problems and their solution which adds value in terms of organizational context.

Primavera Enterprise Project Portfolio Management EPPM is a simple user interface design easily manageable. It strategizes and prioritizes work according to project’s deadline that enables project managers to allocate their resources efficiently and effectively in the best possible manner.

Key Features:

  • Unrestricted and easy availability of information regarding the project
  • Timely delivery of every project
  • Prioritize work according to deadlines
  • Proper allocation of resources by keeping your budget as low as possible.
  • Enables upper and lower management staff to work in teams.

An organization’s management has to take decisions keeping in mind company’s goals and objectives as well as right allocation of funds that are being given for projects. It is the responsibility of senior management that before making an investment they should be aware of all the fluctuations taking place in the markets regarding the project.

Primavera Enterprise Project Portfolio Management System (EPPM) has empowered organizations to gain supreme levels of governance for their corporate profiles and facilitating them to make decisions about the right allocation of the funds as well as resources. It allows management to get the complete view of company’s ongoing projects with the progress ratio of current projects as well as it formulates them to make assessments and make decisions for their future investments.

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PSGINCS – REVIEWS, PROS AND CONS

PSGINC has always strived for the best forits customers, bringing them the best solutions for their professional related fields.  PSGINC has a reputation for giving excellence to the customer’s product and collaborating with them to get it to the heights of their professional needs.

The reviews and feedback we got in the previous year has been of great honor for us. This compels us to works more for the mutual greater good, which not only grow us as a company, but also make our customers the best choice for people when selecting from the organizations.

The reviews to be mentioned are

“Great company to work for, with paths of advancement for people who are smart and want to work hard. “

The person giving review has been an anonymous employ at PSGINC. He further adds to his talk.

PROS:

“I have always been treated fairly. In my time at prescient group solutions.I can’t say for anyone else. Compensation has been above average.  The company has been getting many clients in the past few years, which have generated a number of opportunities for junior level staff to move up and run their own specific account .The culture is friendly, the atmosphere is good. The staff is supportive as well as getting your back for things on hand.

Seminars are held by the company every week or few weeks to highlight the changing trends of technology. senior level engineers and technological staff has always been a great support and have our backs in times of hardships or if something is not getting the right way whether they are on the same account or not.

CONS:

By the nature of the business, staff is decentralized with most of them being assigned full time to specific client or client sites.  Thismay result in a negative approach, which is limiting the direct interaction with other senior or junior level staff members. Who are not assigned to the same project as you have been assigned to.

The one advice that need to be given as a loyal member of the enterprise is to focus on managerial stuff when it comes to IT team.

Another member added his experience:

He says:

The pros include, IT OUTSOURCING. The main focus is on growth and customer satisfaction and need identifying as long as I h=have been there. The company has stood through tough times with his employees and has made serious efforts to support all the crew with financial and economical allows. The sense of teamwork you get to witness as well as personally practice is not seen in other organizations. Where IT is simply considered as an overhead expense. The enterprise is a growing organization, which gives you opportunity to get a varied skill set and wider experience that can be had at a large organization.

Cons:

The cons include, like in every organization, sometimes the things don’t work out the way they should mostly when it comes to managerial stuff.

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Primavera Unifier And Primavera uDesigner Experience

The topic which would be covered in this article would be the use and importance of a unifier. PSG’S unifier consultants can assist in various programs and activities which include training, implementing and process modeling using Primavera unifier and primavera uDesigner experience. Which was formally known as skire.

Contact us today to discuss your implementation and oracle cloud deployment etc. it would surely be the best solution for your training needs.

When getting started, there are some important introductions to be made:

Oracle primavera unifier deployable on premise or hosted.

  1. Primavera unifier (on premise):

Traditional software licenses that you install in your own environment.

  1. Primavera unifier cloud service (hosted):

A cloud service hosted and managed by oracle on oracle’s servers.

Primavera unifier is made up of five separately licensed modules:

Primavera unifier capital planning

Primavera unifier project delivery management

Primavera unifier cost controls

Primavera unifier facility managements

Primavera unifier facility management

Primavera Unifier for Cost Control

Managing costs on a project by looking in the rear view mirror makes project controls a nearly impossible task. Yet, that is how many of today’s capital projects are managed, whether done using spreadsheets, an ERP system or an internally developed solution. Being able to see pending costs in real-time with the ability to see all of the underlying and related causes, including the critical engineering information for immediate analysis, is the only way to ensure proper cost control.

Unifier’s Cost Manager solves these problems and more. Whether you are executing multi-year capital programs, managing the construction of a single new facility, or managing a portfolio of IT projects, the Cost Manager delivers real-time visibility into the financial status of your projects or programs. All financial data — funding, budgets, commitments, appropriations, expenditures, etc. — are available in the cost sheet. You will have full confidence in the accuracy and timeliness of your forecasts, estimates and budget control.

The cost sheets employ a familiar spreadsheet-like interface, which can be tailored to match your existing standards. Define your own break- down structure, column definitions, formulas and labels. Drill down to individual records and transactions, even line items, from any source data, including critical engineering information and workflow history. Supplement the cost sheet with supporting worksheets and work packages.

As you would expect from Unifier’s integrated solutions, the cost manager works seamlessly with the funding manager, schedule manager, cash flow engine, portfolio manager, business processes, earned value calculations, resource manager, project gates and more. Unifier’s overall Cost Manager solution also includes fully configurable schedule of values and Payment Application support.

Primavera Unifier for Document Management & Collaboration

Having the most current documents readily available to all project participants is critical to driving efficiency and reducing errors and omissions on projects. A robust audit trail of document changes reduces tension across project participants, decreases the risk of change orders and claims, and helps drive on-schedule and on-budget performance.

The Document Manager is part of Unifier’s secure, web-based architecture, allowing superior local or worldwide collaboration between project team members or across the organization.

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Primavera Unifier for Document Management & Collaboration

Having the most current documents readily available to all project participants is critical to driving efficiency and reducing errors and omissions on projects. A robust audit trail of document changes reduces tension across project participants, decreases the risk of change orders and claims, and helps drive on-schedule and on-budget performance.

The Document Manager is part of Unifier’s secure, web-based architecture, allowing superior local or worldwide collaboration between project team members or across the organization. The system ensures that all members of your team are always working on the most current versions, and dramatically increases efficiencies by providing ready access to all documents from anywhere at any time.

Contract Management

Unifier’s Contract Management solution addresses the unique challenges of capital construction. Purpose-built for the industry, it eliminates manual processes and has been proven to significantly streamline contract and change management procedures. Unifier helps you manage all of your contracts regardless of type, from simple material procurement to complex con- struction contracts. It captures all relevant contract details and supports subsequent processes for change management to put you in control. Invoicing can range anywhere from simplified line item billing to complex payment applications that track percent completion, retainage, stored materials and more. And with Unifier’s Custom Print capabilities, you can even design and generate contract documents or invoices in which you can easily merge transaction details with organizational branding, terms and conditions or any other boiler plate information. With full vendor management capabilities, and unique functionality such as easy access and visibility of all related business process records, Unifier is a robust, intuitive and complete contract management solution.

The system uses a flexible folder structure to support the requirements of any type of project, and is governed by a detailed set of permissions that can be applied to entire folders or individual documents. Its embedded file viewer supports hundreds of file types, allowing viewing, edit- ing, storage, commenting, as well as powerful redline and markup capabilities, of virtually any type of document or drawing. In addition to basic features that you would expect from an enterprise document manager — check-in/check-out, lock/unlock, revision control, detailed audit logs, shortcuts to commonly used files and folders, robust reporting capabilities — Unifier’s Document Manager also includes many advanced features, including tight integration with Unifier’s market-leading business process and workflow engine, automatic storage of business process attachments into specific folders, email alerts, control of file access by project phase, drawing reference file management, and more.

Primavera Unifier for Cash Flow Management

Cash flow management is important for maintaining the financial integrity of a project. Project managers and executives rely on accurate, comprehensive reporting and analysis of transactions and the ability to reliably forecast trends and risks. Spreadsheets are often the tool of choice for cash flow management, but are fraught with errors and data integrity issues, as well as many other limitations.

Unifier’s advanced Cash Flow engine allows you to baseline budgets, track actual costs, and calculate reliable forecasts. Cash flow data is displayed both graphically as cash flow curves and in worksheet form for complete analysis.

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Manufacturing

Oracle Primavera P6 EPPM for new product development:

Menufacturing

In this era, the understood fact is that the key to gain profit and increase profitability is innovation. to bring about revolution in everything you do. to introduce the latest in your industry and be the leading innovators in what you manufacture. those companies which are considered to be successful and are believed to be the innovators gain 43 % of the profit from the products launched from the past five years. an amazing ratio of 65 % of these products meet sales objective and over 67 % meet their profit objective. but the most important fact is that top innovators see their new products sell at 2.5 % times more and they achieve new and greater product investments on their products.

We believe that don’t waste valuable resources on things that don’t matter.

Drive down the operations costs : save time, standardize  and focus on resources. According to the sector’s necessities , we promote a manufacturing solution that was produced in light of it’s numerous particularities and which permits the viable planning and control of the whole protection and production cycle , integrating production , organization and logistics. fields and advertising the flow of data between the distinctive parts of the organization. get the best benefit from the prescient solutions group’s experience and relentless attention to delivering solution that meet the demands facing your organization’s needs. don’t struggle with slow decision making due to lack of information . let PSGinc let you serve as your go to technology partner , constantly anticipating and researching the trends to ensure your business and technology needs would be met.

PSGinc would work their best to eliminate the challenges and risks your business face and helps your receive the tangible return on what and how you invest.

The manufacturing sector is a constantly changing sector that needs a full support of a strong administration system which not only make it conceivable to optimize quality standards and costs thus fulfilling business responsibilities but also the one which will support in characterizing the industrial strategy plus management control.

Here the important factors which should be kept in mind while focusing on what separates  high  performance innovators from the rest ?

1. A strong commitment to delivering innovation and clear alignment of business plus innovation strategy.

2. A customer focused idea to launch process with rigorous go/kill decision gates.

3. Systematic portfolio management , with portfolios that contain high value believing projects.

4. Excellent project execution and highly efficient allocation of resources across all stages of the product from ideas to launch.

Our manufacturing solutions permits the organizations to manage the different phases of production process ( from the factory floor until the client takes delivery ) and likewise assist the whole  management process by making accessible fundamental input to the decision making methods.

The solution offer various useful  functions that structure the exact core of the production process , for example , the technical details about each item , traceability of articles , factory routines , daily work log , calculation requirements and the management of tools and molds around others.

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Evolution to Primavera Project Portfolio Management

Just a decade ago, profuseness in existence of automatic systems, Enterprise Management Solutions, ERPs was rare and could not be envisioned. Enterprise Resource Planning systems, Management Information Systems, Financial Management Systems were not considered to be worth investing huge amounts in, like millions of dollars as their value for money was not acknowledged and man was too less refined intellectually, technically and information technologically and to concepts like artificial intelligence in respect of Enterprise systems. But a boom was witnessed back in 2001 of newer and newer computer languages which were being invented and their process of becoming quickly obsolete.  Every passing day was bringing revolutionary changes in the way gigantic enterprises operated in global village scenario compared with outdated practices. IT revolution had trailed French revolution.

portfolio_management_evaluation

Now heaps and piles of work get done in hours that dozens of employees on huge pay scales used to do in months. But it has only changed the way an organization operates. For man-power or human resource too, IT revolutions and automations by soft wares have entirely only changed the directions of mindsets, operational procedures and careers.

I, despite being a chartered accountant, found out within 3 years of professional career after I graduated from college that there was no survival for any company operating globally without profound knowledge and command over ERP systems implemented in-house and being insightful of their nature. It was 2006 when I, being the biggest proponent of Project Portfolio Management, proposed its procurement and implementation. On behalf of my company, I started my hunt for different soft wares trainings and IT certifications but to my surprise, I could find none in the near vicinity of mine. This was an era when only a handful of business tycoons of the world acknowledged its significance and there existed extreme monopoly in this emerging industry.

Presently, after about more than 10 long years, it is now that services are being rendered on vast scale in all walks of IT everywhere. But still quality, commitment, cost effectiveness and dedication are intrinsic part of only a few among them. Prescient Solutions Group Inc. keeps and maintains the honor to be one of those. Prescient Solutions Group is considered to be one of the best soft ware solution company and specializes in niche of Enterprise Project Portfolio Management (EPPM). It has got everything to offer that project manager might ever need or a multinational or transnational enterprise must be equipped with. A couple of years ago, our company started its operations after successful implementation of EPPM from Prescient Solutions Group Inc. In true sense, the company can now signify project management tools how inevitable they are in this era. Extensive market research of several numbers of companies led us to Prescient Solutions Group. Catering so well the major industries of the world, Prescient Solutions Group Inc. has created a real difference in Project Portfolio Management. Allocating budgets for PPM will never be an investment rather it will be saving for any company in longer run.

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Evolution to Primavera Project Portfolio Management

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