In this blog, our experts outline the updates in Oracle Project Foundation, Oracle Project Costing, Oracle Project Billing, Oracle Project Management, Oracle Project Resource Management, and Oracle Grants Accounting. Continue reading to see how this will impact your organization:
Project Managers need tools to quickly and efficiently plan and execute project work. They typically are used to working with Microsoft® Excel as their primary tool for maintaining every type of project data from WBS and Schedules to budgets, status reports, forecasts, issues, and change orders.
A Project Management Office (PMO) is a group within an organization that defines and maintains standards for project management. A PMO generally bases its project management principles, practices, and processes on some industry standard methodology such as PMBOK.
You are implementing Primavera P6 and have determined that the delivered reporting tools are not up to snuff. Before you go out and buy a new report-writing tool, take a step back and look in your enterprise toolbox. You might find you already have a tool that fits the bill.
A global implementation aims to have a structured, streamlined process that seamlessly incorporates local requirements across lines of business. Companies usually create a global template that is rolled out at every site. Business Process re-engineering must be done across all sites to standardize the processes per the global template.
The obvious benefit of PPM is that it gives executives a bird's-eye view of projects so they can spot redundancies, spread resources appropriately and closely monitor progress. PPM is a continuous loop of communication that allows an organization to collaboratively plan and evaluate projects.
Not many people know that Primavera now provides a Microsoft Project Applet called "ProjectLink" that allows users to use MS Project as a front-end while being connected to Primavera. Users can now create a project in Microsoft Project and save it in the Primavera DB.
If your organization is project-centric, you may use one of the most common applications like Primavera, MS Project, or Excel (the most-used PM tools) to manage your projects. In most instances, the Project Schedules and Estimates are manually re-entered into a Financial ERP.
In looking at various clients who are using or trying to use workplan functionality in Oracle Project Management (PJT), I find that the most important issue people face (after they get all the suitable patches needed to get work plans to work correctly) is getting actuals to map into planned resources precisely.
A constant need for Project-based organizations is the need for their project systems to provide them with automated alerts for significant events in the execution of their projects. These events may have occurred during the ordinary course of business or maybe upcoming.
