Fundamentals of Project Portfolio Management (PPM)

The Fundamentals in this section provide a complete review of PPM that will help you decide if PPM is for you. This will help you understand what you need to do to set up a PPM capability for selection of project.

If a basic project management capability is in place and managed by a professional staff in an organisation, then PPM function can be set for standardization and consistency.

Where Do We Start PPM Process?

Assume that the objective of the PPM process is to prioritize work that brings the most value to the firm.

The process begins when evaluating candidate project proposals. Each project proposal identifies the specific business goals and objectives it will support.


Department will input basic information and determine whether to promote concepts to next stage through Ranking Value and Benefits for expected return on investment (ROI).


The ranking practice should use a balanced scorecard approach, with each of the factors listed and weighted. It is also Rank against other Projects and proposals in the organization.

The value/benefits ranking may be modified by risk and resource factors of the project proposal. Say, a new technology with a 20 percent chance of success may not fit with the strategy create potential risk. you can’t just increase resources as we have number of projects in the pipeline.


Assessing the impact of potential risks and availability of resource becomes an essential part of PPM to progress the business case.

The business case then progresses to planning by performing various planning scenarios comprising mix of projects. This involves the use of voting groups to create weighted rankings for project to meet multiple objectives.


Regardless of the techniques employed to weigh the selection criteria and prioritize

the candidate projects, you will eventually have to display and communicate these data to the decision makers for an optimum or acceptable size of the project pipeline.


The new perception is that a project is active as long as it continues to support the criteria that were established for its selection and acceptable performance. In this respect, projects are periodically evaluated against set criteria for maintaining the pipeline.

Comments Off on Fundamentals of Project Portfolio Management (PPM)

Filed under Home, Oracle

Project Portfolio Management (PPM)

What is Project Portfolio Management?

Project Portfolio Management (PPM) is recognized as set of practices to be considered in project management technology.

The management of projects are seen as critical to success in all three sectors: public, private, and non-profit. This is evident through improper selection of projects or their improper formulation within organization. To deal with this challenge, the solution is to be found in project portfolio management (PPM).

According to the PMBOK® Guide, Project portfolio management is a set of business practices that brings the world of projects into tight integration with other business operations.

Project Portfolio Management differs from Project management…

Project Portfolio Management (PPM) differs from Project Management (PM) in their life cycles, activities, objectives, focus, and benefits.

There are a lot of misconceptions that PPM is enterprise project management, managing multiple projects, automation in project process. Those are expansion of project management and though PPM addresses it but it has primary and unique aspect in formulating and assist in selection of projects.

Why Do we need PPM?

During Project management, project team limit their focus to the critical measures of project success. When they meet project objectives and satisfy the project stakeholders, they consider the project to have been successful but most of executives in organization are interested in the areas of measurement about profitability, return on investment and delivery of benefits.

There is always been gap between project functions and operation functions as both groups are off in their own world, working to do the best that they can but not knowing if their efforts are effective or efficient.

Bridging the gap between Operations Management and Projects Management, Project Portfolio Management addresses the project selection issues, deciding on project termination, facilitating reallocation of resources, changing of priorities, and evaluating alternatives.

Fortunately, PPM requires very little in way of acquisitions in terms of skills, set of practices and some small additions to management software which is simple and inexpensive. There will be significant impact on the way the organization deals with projects and business initiatives by incorporating PPM culture.

Comments Off on Project Portfolio Management (PPM)

Filed under Home

What’s New in Primavera P6 V18.8

Oracle released the new version for Primavera P6 Version 18.8 for both P6 PPM & EPPM with many new features. In this webinar, we will cover most of the Key features with sample projects such as

* HTML based pages for P6 EPPM (No More Java applets)

* Improvement on P6 Professional

* Oracle Prime Lean Management links with P6 EPPM

* 64-bit Operating Systems etc…

Comments Off on What’s New in Primavera P6 V18.8

Filed under Home

CADWorx Plant Professional 2019 Now Released


CADWorx & Analysis Solutions is excited to announce the release of CADWorx Plant Professional 2019. Learn how the new capabilities in this latest release can help improve accuracy and reduce engineering and design time.

The new CADWorx® Plant Professional 2019 runs on either Hexagon’s recently acquired BricsCAD® platform or AutoCAD®. It features the most complete range of tools for fully intelligent 2D and 3D plant design and incorporates several new enhancements to improve project accuracy.

It is 100 percent based on the de-facto standard .dwg design format, providing designers, engineers and BIM professionals powerful access to the huge potential of vertical CAD applications.

In addition, CADWorx Plant Professional 2019 also includes these enhancements:

  • Improvements to P&ID View for easier synchronization of P&IDs with the 3D model
  • BOM templates to help streamline the creation of multi-discipline material take-offs
  • Soft clash volumes to help maintenance and installation areas for equipment and piping components
  • New export tools to CAESAR II ® to ensure reuse of model data as much as possible
  • Increased automation and reduce inconsistencies in CADWorx P&ID when updating in-line components

To learn more about this latest release, we invite you to participate in the What’s New in CADWorx Plant Professional 2019 webinar being hosted on Tuesday, December 4 and view the CADWorx Plant Professional 2019 product sheet and FAQ.

Comments Off on CADWorx Plant Professional 2019 Now Released

Filed under CADWorx, Home, News

CAESAR II & PV ELITE Symposium 2018

CAESAR II & PV Elite Symposium 2018

“Now is the ideal time to upgrade your skills and add to your value in the workplace”

In association with Hexagon PPM CADWorx & Analysis Solutions, ImageGrafix Software FZCO, the Global Network Partner is pleased to Invite you for this FREE Session “CAESAR II & PV Elite Symposium 2018“.

AGENDA

08.30 AM            – Registration & Networking
08.45 AM            – Welcome Address
09.00 AM            – Recent changes in ASME B31.3 and their implementation in CAESAR II
09:30 AM            – Understand the Harmonic Analysis and Ensure the Pressure pulsation comply with API 674
10.30 AM            – Coffee Break & Networking
10.45 AM            – Various Analysis method for Underground Piping
12.15 PM             – Lunch
01.00 PM             – External load on nozzle flange and Code Case 2901
01:45 PM             – Pressure Vessel Fabrication Drawing Generation using PV Elite with Autodesk Inventor Plugin
02.30 AM            – Coffee Break & Networking
02.45 AM            – Lifting Lug Design in Detail
03:15 PM             – Storage Tank design and re-rating with API 620 & API 579
04.00 PM             – Q&A


Comments Off on CAESAR II & PV ELITE Symposium 2018

Filed under CAESAR II, Events, Home, PV Elite & Tank

What’s New in Primavera P6 is version 18.8

whats New P6The latest version of Primavera P6 is version 18.8 released publicly in August 2018. With enhancements previously only available to Oracle cloud users, this is big news. A huge advantage of the new release is that Oracle has removed the last of the Java applets from Primavera P6 EPPM. The HTML-based pages load faster and do not require additional plug-ins. You will find that some of the HTML pages have the same functionality as before while others have been redesigned.

Below are a few more of the enhancements available with Release 18.8

  • Performance Percent Complete Field Based on Labour Units.
  • Upload Graphics to the P6 Database to View and Print from Any Location.
  • 32-bit Operating Systems not supported. It is recommended you now use 64-bit Operating Systems.
  • Import Zipped XER Files.
  • Activity Owner Functionality Improvements.
  • Choose Whether to Update Actual and Budgeted Units and Costs When Updating Baselines with New Assignments.
  • Managing Personally Identifiable Information.
  • Prime Lean Task Integration with P6 EPPM.
  • Improvements in Offline Working for P6 Professional.

Please click on the below link for the complete list of New features in Primavera P6 V18.8

Download here

Comments Off on What’s New in Primavera P6 is version 18.8

Filed under Home, News, Oracle

CADWorx Symposium 2018

CADWorx Symposium 2018

29 OCT’18 TOWERS ROTANA HOTEL, DUBAI, UAE

“Now is the ideal time to upgrade your skills and add to your value in the workplace”

In association with Hexagon PPM CADWorx & Analysis Solutions, ImageGrafix Software, the Global Network Partner is pleased to Invite you for this event FREE Session “CADWorx Symposium 2018“.

Agenda:

9.00 AM           – Registration & Networking
9.15 AM           – Welcome Address
9.30 AM           – What’s New in CADWorx 2018 with Productivity tools
10:15 AM         – What is CADWorx Structure 2018?
11.00 AM         – Coffee Break & Networking
11.15 AM         – Automated Orthographic (Piping, Equipment, and structure Layout) Generation tool
12.00 AM         – IsoGen Setup and new enhancements
12.45 PM         – Brief discussion on Sharing Data Between CADWorx and  Other Piping design Tools.
1.00 PM           – Lunch & Networking

The workshop will be free but will be on first come first basis of registration. For any details contact Raaj@igfzco.com / 0504583416. We will confirm your attendance as soon as we receive your registration.

Comments Off on CADWorx Symposium 2018

Filed under CADWorx, CADWorx Plant Pro, Events, Home, News