Category Archives: Oracle

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.

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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

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