Organisations now have increasing pressure to execute efficiently and profitably on projects. This holds true whether the project relates to IT initiatives, engineering and construction activities, new product introduction, internal capital/asset development and so on.
Today organisations are facing many challenges. Recent and ongoing economic issues are making it harder for organisations to win new business and their client base has become increasingly demanding, pushing for more value from the service provided. These organisations are also looking for ways to extend their resource pool across a larger portfolio of customers and projects in an effort to contain costs and improve margins.
Disconnected processes and a myriad of systems make it difficult to effectively manage projects and programs. Project information exists in silos and is often spread across personal hard drives, network locations, spreadsheets, financial systems and a multitude of project planning applications. It is very difficult for an organisation to get a single view of project profitability and status. It is even harder to manage resource utilisation and effectively forecast future project resourcing.
Outdated technology and fragmented processes have failed to support the project/program management function. In the past it appears organisations did not really view project management as a holistic process – perhaps finance focused on the money while other parts of the business were interested in execution or people/resource management. The story is changing with the advent of newer cloud based project management applications which enable organisations to have a unified view of project data while providing the ability to embrace mobile, social and analytic capabilities which better support the way people actually work today. The organisation needs a single source of project ‘truth’ and end users expect the same capabilities and convenience they utilise outside of their working day.
Oracle Project Portfolio Management (PPM) Cloud offers an integrated project management suite that is designed to automate, streamline, and control project management processes end-to-end without expensive hardware and system management overhead costs.
Oracle’s Cloud PPM solutions work together to provide project and program management, cost management, billing and resource management. The solutions are fully integrated with Financials, Procurement, Enterprise Contracts and Human Capital Management to ensure end-to-end business process support. Modern out of the box business flows enable an organisation to get up and running in a short timeframe and provide process automation across key business processes e.g. automate customer billing from approved timesheets.
You can deploy the complete suite of PPM applications as part of a broader Oracle Cloud transformation initiative or incrementally implement individual pieces to suit your needs alongside your existing solutions. Oracle Project Management Cloud Service, Project Resource Management Cloud Service, and Task Management Cloud Service are available either standalone as a modular, easy-to-adopt project execution solution, or can be deployed with other Oracle Cloud PPM applications, with your existing Oracle applications or with other third party solutions.
Are you a project based business looking for a solution to solve your project problems and provide better governance across your project initiatives? PrimeQ can help you to determine the right strategy, modules and fast-track implementation path for your business.
