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Project Management is key to success for a business

Companies that are having a bad business record are now jumping on project management bandwagon and showing that how important project management is for the success of the business. In the today’s challenging economic world, the executive management needs to understand the important strategic role the project management is playing in the success of the business. If an organization wants to pursue their plans for the success and stability of their business so they need to know the worth of project management instead of considering them as a functional activity and they should place them at the core of their of business processes. At the same time, the responsibility lies with the project managers to engage better with senior management for the sake of the business. We are mistakenly thinking that project management is only important for industries such as engineering, construction, manufacturing. Indeed it is necessary for these industries but not only these. Project management requires a team of talented and skillful people. Those people are responsible for the planning and then executing that plan for the success of the business. The sound plan can mean a difference between the success and failure of the business.

Why project management is important

Project management deals with the unexpected before it becomes a bigger problem. It helps you to focus on the bigger targets of an organization, let them be more productive and allow you to spend less time on a low value-added task which allows you to concentrate on the high-value task. It leads to overall efficiency and if your project team is efficient and if it works efficiently so it will reflect all parts of your project. Project management team leads to better monitoring of the overall project, this overall overview, available activities, and resources helps you to make the right decisions. This helps you to use your resources to more ambitious projects. The most important factor is that Project management helps in enhancement of team management, as the human resource is the important asset of an organization. This allows your team to share knowledge and work in synergy throughout your business project.

It is essential for every business whether it is small or established. It helps the organization to reach the goal within the predetermined budget and time. It is a big challenge for the small organization as they have to deal with projects with limited resources. It involves the identification of the right project management and then applying it to the desired project.

Primavera helps you as a team of project management. You can rely on it for a project manager. Primavera personnel are experienced project management professionals having experience and leads your projects to the successful outcome. It includes planning, development, innovation, initiation, execution, and control. Primavera has a team of skillful and talented personnel that are having expertise in manufacturing, refinery, medicine, high tech industries, hospitals, aviation, office building, and renovations. Primavera has been supporting companies in long and short-term projects. It supports when your project is near the deadline with scarce resources, Primavera helps you with its highly experienced and qualified project management professionals.

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How portfolio management increase operational efficiency and drive growth

Every organization must be built, not only on sound business plan but also on the company’s ability to make decisions. Have you ever thought that how proficient is your company in decision making for small or large projects? So this is the main purpose of having portfolio management to take the right decision on right time. The main goal of portfolio management is to make sure that all projects are working in the same kind of harmony as one member of any one team. The portfolio is like the system that organizes the entire forest as a whole, and make sure that every part of the forest is working harmoniously and efficiently as possible. Project portfolio management gives the business owner overlook at the business projects. In this, you can see all the running projects of your company. It demonstrates that which project is successful and which needs to be cut. Portfolio management will help you to know ROI of a project and also informs about that how much efforts and company resources are needed to completed the projects before its completion. It also helps to know, will the project be profitable or not. Portfolio management not only helps you to identify the bad eggs of your company but also the golden eggs that sure to turn long lasting profits because portfolio management focuses on the big picture.

Primavera project portfolio management is the most powerful solution for the planning, managing and executing the projects and portfolios of an organization. It provides the solution for the management of the projects of any size and any level of complexity within a project and provides the scales to meet the need of any kind of role, functions or skills that are needed in your project. It enables your project to achieve competitive advantage through portfolio management. Our management has confidence that they will fulfill their strategic commitments since they prefer to easily evaluate and initiate to create and promote a resource-optimized, portfolio. Our management assures that all the projects and programs are aligned with your organization goal. Primavera helps organization unprecedented level of control on corporate portfolio and enable them to make investment decisions, and decide that how to use the resources efficiently. Primavera helps the organization to do its portfolio management. With Primavera, it would be delivered project on time and within budget. It responses in time when the conditions are changing constantly. It gives you access to the information whenever needed. Primavera personnel helps you to get accurate data so that it would help you in decision making in time.

It proves the value of your projects to the stakeholders. Portfolio management keeps your investors happy. A company investors are enthusiastic about the financial goals of your company. If you show them that how your’s company projects are going on successfully, o that your investors will feel confident in future investments. A portfolio management does more than providing a snapshot of your company profitability activity, it can also help you to plan future profitable plans by providing an overall rate of return figure. It can help you to make a better decision by shedding light on where the company is heading right now. Portfolio management helps you to make better decisions and plan for more profitable future projects.

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Developing the right IT Strategy to Support the Business

Most of the businesses struggle with slow decision making due to the lack of information technology. Information technology now supports Business processes and decision making. Decision making and nature of decision are changing with the introduction of information technology in today’s world. It is now used to create new business models, produce new products and services, enhancing the current offers and create more rewarding consumer experiences. For this, a business needs to develop the right IT strategy and technology for its success in business and to compete with other organizations in the world of Information Technology. A business can use Information technology to reduces its cost. IT experts teams develop tools to collect, store, secure, manage and distribute data to employees, who need to access the latest information when needed for decision making for financial and strategic issues. The businesses need to be able to respond quickly to the market conditions that are changing with time and competitor activity. Do your business really need to technology strategy that suits the demands of the digital market?

Primavera is focused to work for an organization that is facing such problems in the digital world and delivers the best solution of the problem the organization may face. With your slow decision-making problems due to lack of IT strategy, primavera helps you as a technology partner with the help of its IT experts and predicts the trends that affect your businesses. Primavera works to help you to face the challenges that a business may face in the technology world and helps you to identify your business capabilities that support your business and to realize the vision.  A number of businesses have involved Information technology in their functions for the decision making.

Technology transforms the way a business works, the business starts working more efficiently and IT solution to face the challenges of the market. IT can offer a business the competitive advantage over their competitors.  Companies can use IT to develop new products, the distance the products that they already produced from the existing market and enhance their customer services. IT helps the companies who adopt the low-cost strategy, they look to Information technology solutions to reduces their cost. It can be used to increase the efficiency of business and to it allows the employee to do the greater level of work in the short period of time.

IT governance offers a framework to align the business and Information Technology aspects of the organization’s activities. It means that business can manage and reduce the obstacle in the way of the business to reach the business goal. It helps to produce a framework which can provide favorable outcome by using your business strategy. It is the biggest challenge for the business to maximize the rate of return. IT governance can solve this challenge by setting this goal with a business it serves. It is the aim of IT governance to maximize the return while it manages the risk at the same time. Primavera with the help of IT governance strength the relationship between Information technology and the business for which it works through efficiency improvement and enhanced IT decision making.

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How to Start your Entrepreneurial Journey

An entrepreneur has to start from somewhere whether its a small business or it is an established one. It is sometimes hard to start a new business. It is considered a daunting task. There is a myriad issue an entrepreneur may face. It may be a legal issue, financial issue, human resource issue, a marketing issue, advertising issue, or product development issue, there might be a list of the endless issues. The new entrepreneurs are overwhelmed by all the information they are expected to know.

To start a new business you should come up with a unique name. The name has a significant impact on your business and your success. If you choose the wrong name it may lead to the insurmountable burden. You should avoid copyright names as well.

One of the most important and difficult things is to raise financing. One should understand it clearly. Raising financing for the startup of business will likely be more difficult than one can imagine. It takes a lot of efforts to convince the investors to invest in your company. It is never possible without advertising and showing benefits to the investors the company could offer in the future. So you need to avoid such things that put hurdles in your way.

Focus on building a great product is the first and foremost important thing in product development. The one thing that should be kept in mind is that, don’t take forever to launch the product. If your product is not great that not a problem it should be good at least. The product has to be different in a good way than your competitor’s offering. Never dawdle to take your product in the market on time because the customer review is important for the success of the business as it is the best way to improve the product.

For a successful business it is important to be continually attracting, building and even if necessary so educate the target market. You should make a strong marketing strategy. To have a strong market strategy make sure that you follow the following steps:

  • Promote your product on social media, this will help you to strengthen your relationship with the public.
  • You can take help from content marketing, it can be done by writing guest articles for some relevant websites.
  • Learn about the fundamentals of SEO, this will help your buyers that are searching for your product might find it on the top of the list.

Always be prepared for the big challenges. A successful company or business may face big challenges on its way to success. So, coming up with the best products would be the biggest challenge. So to have a successful business you should have a strong plan and vision. Make sure that you find the best employees for the business and placing the right man for the right job. You should work more than you expect. Never get discouraged when you face rejection from your customers.

Primavera plays an important role in growing your business. It helps you to know the worth of your business. Whether its product development, advertising, marketing or strategy making, primavera help you to win the competition in the market

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Primavera commitment to its clients to support business and promises to increase productivity and maximize the outcome

Market Solutions gives an extensive variety of strategy, innovative and creative benefits, all intended to develop your business. Our administration package can be incorporated as a full-benefit development program, or as independent administrations to meet your particular targets and spending plans. The market solution includes the following: categories marketing research, planning, brand development, and advertising.

The market solution provides different services, that are designed to grow the business. Market Solutions will guide and help build up your image and drive deals with instruments and marketable skill. Market Solution solves this issue by helping the business by personalizing the marketing initiatives, improve brand positioning and others. It inspects and analyzes the internal sales of the business and marketing spend data which saves the marketing budget. A business is improved by the development of market solution strategy. A dedicated team is required to increase the marketing effectiveness. The team has to develop focus and understanding customer problem and audience. New organization market solution may face a higher level of complexity because they are new to the most organized and they have a different context about the company operations. For instance, the consumer may have different objectives. One company may benefit from having a product and market solution but it is sometimes hard to find the right audience. The market solution helps the people in supporting their businesses. Many companies have some market solution, and they are committed to them to support their business for the healthy competition in the market, increase productivity and maximize the results. The problem that one may face is that the most marketing doesn’t produce the result. It is impossible to distinguish your product without knowing the consumer behavior. For this, it is important to have strategic development and implementation. This approach accelerates the growth of the business.

You don’t have to squander, time and money on things that don’t make a difference, make sense of what values the most. PSGINCS provides a market solution to its clients. It provides professional services to the clients so that it meets the challenges of today’s businesses. It is committed to its clients and provide industry solution to make their business successful with dedication and supports them, with the help of team professionals in enhancing the business. It is our mission and vision to succeed in the projects, increase productivity and maximize the result. For the growth of your business, we make your dream a reality and success vital. Its main focus is on the deployment of the tools which help the business to meet the challenges they face in everyday life. PSGINCS serves an extensive variety of market by providing business process consultancy. Primavera is not a sales agency. It helps you to develop your business. We help you to grow your business and we will provide you with guidance, tools, and attention that you deserve. We can develop action for your product. This plan would be based on reality. It will be done by keeping in mind the market and consumer insights. We deliver tools, expertise, and attention to help you to grow your product. Primavera helps its clients to grow their business with its strategies and dedication. It carries on both short and long-term projects engagements.

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Monetizing Your Website – Pros and Cons

Your site has a lot of traffic, great! Now you can use it to make money. However, monetizing a website is not something limited. There are so many options available and you have to choose the correct after understanding each method and adequately weighing its pros and cons. In this blog post, we have compiled the two methods and listed pros and cons of each to help your reach a decision accordingly and earn huge sums of money.

Affiliate Marketing:

This method involved advertising a paid good/service on your website and earning a specific percentage of the amount the company makes from each sale made using your website. To simply put, you get a commission if a buyer has purchased something using the link on your website. Find affiliate programs that suit you and generate income.

Affiliate marketing is beneficial in the sense that it generates a sufficient income because regular and new visitors of your website might find the product or service interesting. It is also easy to join since nothing technical is involved. The income generated is stable, provided that the products/services are updates every once in a while and revolve around the same area as your website.

Affiliate marketing also comes with some cons, as do most other ways of monetizing websites. Firstly, some research is required as to which product or service goes along with your website. For example, you cannot advertise something about cars on your blog about books. A better option would be something like a book shop offering discounts or having new sales. Secondly, you might lose visitors on your website if people do not find the products interesting enough and consider it a nuisance.  Thirdly, your website must have top quality traffic to be involved in affiliate marketing.

Membership Website:

This means you have to create a website that contains specialized content that can only be viewed by visitors who have a membership. Visitors that have not signed up for membership cannot view the content. While this method is one the best available out there, it involves a lot of time and effort.

The pros of building a membership website are that there is no intermediate aspect involved. You are free to set the annual or monthly membership rate as per your choices. You are also in direct cooperation and conversation with your visitors. The revenue collected by this method is far greater than any other provided that you have a good number of members subscribing for paid content. Moreover, members can get a suitable payment package.

Building a membership has a few but significant cons. There is a wide range of free content available on the internet. There’s nothing out there that is not on the internet. The question arises, then why should someone pay for your content? In this internet dominated world, theirs is a great pressure to produce content that stands out from the rest otherwise nobody would be convinced enough to sign up for membership. Only high quality content and efficient ways to gain customer’s trust can get you members. Additionally, you have to be prepared to deal with maintenance costs and invest a lot of time in your content.

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Primavera P6 supports public sector and federal Projects

oracle-psg-govtWhether 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.

TheCPIC relies completely on systematic growth, which 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 objectivessupport 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.

Oracles 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 CPICrequirements. But also navigate your technologies, reducing risks and maintaining compliance. PSGINC is adept in navigating federal acquisitionregulations (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 Market Solutions

PRIMAVERA MARKET SOLUTIONS:

primaveraroundchartAt PSGINCS market solutions have a wide range, the professional services that we provide offers industry solutions, that makes our clients successful, dedicated team of professionals get it done for you with dedication thus supporting and enhancing your business. A company’s mission is to succeed in every project they start and all the assets are valuable, PSGINCS helps you in all this. Making your dreams a reality and making your success vital, which is very important for collective growth.

Few of the characteristics of Primavera P6 are described below;

  • Business project management
  • Work flow
  • Configuration
  • Cost and time management
  • Project management
  • Project and portfolio management
  • Resource management
  • Business intelligence
  • AutoVue
  • demand management
  • user productivity key UPK
  • universal content management
  • process improvement
  • JD Edwards
  • SAP primavera integration
  • Reporting

WHAT MARKETS DO WE SERVE?

PSGINC serves a wide range of markets, serving different verticals providing expert Project Portfolio Management also known as PPM and business process consultancy. Main focus is on deployment of the best of tools. Meeting challenges that everyday businesses face, making it easier for progressive growth of different industries and verticals.

Some of the market places that PSGINCS works for are

You don’t need to waste, time, resources and energy on things that don’t matter, figure out what is valuable and what’s not. When we talk about providing solutions, PSGINC focuses on drive down operation costs, save time, standardize and focus on resources.

Talking about IT:

Every individual or a group has to prove their worth to the company, every division has some roles and tasks that they need to fulfill and make it worthwhile for the company. When talking about IT, this pressure is increased. The challenges they face are critical to the business. They are tasked with delivering the same level and quality of service while reducing the back log of projects, and satisfying customers with their IT needs, important is that IT needs are met.

At PSGINC solutions are delivered while meeting the challenges of business in this ever growing era, where technology is changing every day and each day brings a lot of skills sets for people of IT, which they not only need to learn but master too, Let PSGINCS be your partner in making it all easy for you, a go-to-technology partner.

The problems that are mainly faced are, maximizing ROI and demonstrating greater value to the business you serve.

The question arises, how this can be solved,

By aligning their goals with business units they serve, while improving the quality of the businesses they serve. The combination of IT with business is amazing, it strengthens the relationship between IT and business through enhanced decision making. Scalable and structured PSINCS solutions used in IT helps build systematic Governance process, while it is structured it is also flexible.

Financial transparency is achieved, because it is the key for all IT services. Minimizing risks and ensuring end user empowerment.

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New features in primavera P6 professional portfolio management version 15.1


Primavera_P6_ProPrimavera p6 has always promised its customers to deliver the best. Solutions that is tangible to the problem as well delivering the value to your business. Primavera P6 has introduced latest features for its customers. This version enhances the skills to bring out the best from your project.

Key features include:

  • Usability
  • Import and export baselines of projects  in XML format
  • Enterprise features when connected to an EPPM database
  • Separate module excess for P6 professional and visualizer
  • UN/ CEFACT improvements
  • Unifier integration
  • Visualizer
  • Import and export visualizer layouts

New usability feature include:

  1. Import and export baselines of projects in XML format
  2. Enterprise features when connected to an EPPM database
  3. Separate module excess for P6 professional and visualizer

Import and export baseline of project in XML format:

The ability to include baselines when importing or exporting a project in primavera XML format has been added to the new version 1.1. Previously you needed to restore a baseline to a project in order to import or export it. In P6 professional 15.1 baseline information is included in the XML file.

A new field, exists, is included in the baselines to import dialogue box. The purpose is to notify you if an imported baseline already exists in the project being updated.

To access this feature:

On the file menu, click import or export.

Enterprise features when connected to an EPPM database:

Several features have been re enabled in P6 professional version 15.1 when connected to an EPPM database. In previous versions, these features were disabled with the expectation that they would be administered in the p6 application.

The following features have been re enabled in P6 professional when connected to an EPPM database

  • EPS
  • OBS
  • PROJECT CODES
  • ACTIVITY STEP TEMPLATES
  • COST ACCOUNTS
  • FUNDING RESOURCES

These features continue to be available for P6 professional instances that are connected to professional databases or installed in standalone mode.

Separate module access for P6 professional and visualizer:

A new module, visualizer, has been added to the module access section of the user access page in this new version 15.1. The difference is that in previous versions, access to visualizer was included with the P6 professional module access. This new features enables project managers to allow separate access to both the applications. This is useful if for example , a user tasked with creating Gantt chart or time scaled logic diagram reports in visualizer might not require  access to P6 professional. Conversely some users may be given p6 professional access but not the privilege to work in visualizer.

To access this feature:

Open p6 professional or visualizer. Access will vary depending upon the module privileges granted in p6 web.

UN/CEFACT IMPROVEMENTS:

This new version of p6 provides additional support for UN/CEFACT XML format 6, which defines and contains integrated master schedule (IMS) data. The existing UN/CEFACT XML support has been enhanced to support all the fields in the D09b version of the XML schema.

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Organizational Performance Management

Performance management design concept. Typographic poster. Performance management concepts for web banner and printed materials.
Performance management design concept. Typographic poster. Performance management concepts for web banner and printed materials.

A very crucial question that need to be pondered over is how does organizational performance management fit in. when talking about small startups, OPM main seem quite a big deal. But what if the organization is somewhere in between. On one hand you no more do all the logistics yourself on the other hand, there is still time when you will be cutting checks for a large number of employees.

For understanding how organizational performance management fit in, you first need to understand that OPM is a good thing. Relating strategy with implementation, making a strong link between strategies, how it is planned and then implemented in order to deliver on portfolio grounds. Also realize how important its value is.

Thing to keep in mind is OPM at scale is even better. If you don’t scale OPM to where your organization is OPM may seem quite complex to you, even in try of attempting it. If you think OPM is a good thing don’t waste a single moment trying it. It has been witnessed that the organizations that doesn’t seem to care enough about OPM, witness a downfall in their businesses. At times teams get frustrated and at times the progress get halted. And the same answers are given by the leadership- work harder.

Performance management is a lot more than the appraisals given at the end of the year. It’s about translating goals into outcomes, or results that are effective and has a huge progressive impact on the organization. It includes individual employees, teams, processes and the organization as a whole.

Effective PM will help you in nurturing individual performance, foster ongoing employees hence increasing overall organizational effectiveness.

OPM and strategic planning is closely related, here we will discuss how strategic planning has influenced private and public sector organizations. Indeed strategic planning is a crucial step in the management of any organization, regardless of at what level they reside. Public agencies have a greater challenge in evaluating their results. Whereas, private organizations have clear goals and results as the outcomes are closely related to the financial goals. Rapidly changing and increasing demands for programs, products and services and greater demands for accountability are the adequate reasons the public sector organizations have tend to opt strategic planning which leads to good organizational performance management as well as good results in overall progressive growth of the organization.Organizational PM helps in improving different levels.

How OPM can help?

  1. Assessment of your existing performance appraisal system.
  2. Development of performance plans in accordance with organization’s missions and goals.
  3. Writing elements and standards that involve measure of performance.
  4. Pay for performance systems
  5. Reward systems linked to your performance appraisal systems.

OPM mainly involves identifying the gaps in performance against the objectives of business, further recognizing where the gaps lie and deploying the improvements to close the gaps. Some of the key features are

Establish objectives, analyze process performance data, identify and implement improvement, implementation of improvements

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Organizational Performance Management

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