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Cost controls redefined:

Manage all types of projects with detailed cost control using separate cost control processes to track every dimension of project financials. View graphical cash flows. The Cost Sheet Dashboard provides rolled-up information from all project financials with drill-down into details. View and manage multi-year forecasts at the CSI division level or any other multi-level cost structure. Manage all contracts and change orders in detail. Ensure payment integrity. Leverage Transaction Visual Analysis to see all related cost transactions at a glance. Manage Project Schedule and Resources effectively and efficiently.

Advanced project cost management in primavera P6

 

Oracle’s Primavera P6 Enterprise Project Portfolio Management is the most powerful, robust and easy-to-use solution for globally prioritizing, planning, managing and executing projects, programs and portfolios. Primavera P6 Enterprise Project Portfolio Management is an integrated project portfolio management (PPM) solution comprising role-specific functionality to satisfy each team member’s needs, responsibilities and skills. It provides a single solution for managing projects of any size and adapts to various levels of complexity within a project. In addition, it intelligently scales to meet the needs of various roles, functions or skill levels in an organization and on a project team. This course builds on the student’s current knowledge, skills and application of project cost management using Primavera P6.

 

Learning Outcomes

Ability to implement global change – modify projects using advanced functionality.

Manage project cost effectively

Apply advanced scheduling techniques.

Implement earned value analysis.

Use top-down budgeting.

Assign codes.

Benefits

Assist project managers, cost control managers and cot controllers to use Primavera for integrate the cost with project schedule.

Apply the cost control techniques using Primavera including EVM.

Calculate percent complete. Importing and exporting project data.

Understand effective top-down/bottoms-up budgeting calculations.

Topics

Import and export data.

Update baselines.

Use Claim Digger.

Apply duration types.

Calculate percent complete.

Use earned value analysis.

Use top-down budgeting.

Apply tracking layouts.

Auto compute layouts.

Use top-down estimating.

View reflection projects.

Manage issues and risks.

Create a project with Project Architect.

Assign codes.

Use global change.

Advanced scheduling.

 

Prerequisites

Participants should be working in a project management environment and understand how projects are planned and controlled, including knowledge of the following subjects:

P102 Project Management in Primavera using P6 V8.3.

Project management processes.

Experience in the use of PCs and an understanding of the operating system.

Audience

This course is targeted at those who are seeking to develop their skills and knowledge in project budget and cost management.

Project manager (generic)

Project manager (industry specific)

Cost Control Managers

Project planners and schedulers

Project control managers

Project control engineers

Project team members

Project team leaders

Cost Control Engineers

Project coordinators

Planning and scheduling engineers

Quantity surveyors

Format

  • Face-to-face delivery of theory.
  • Facilitated discussions.
  • Facilitator demonstrates the functions of the software using different mediums, such as PowerPoint slides, live software module-by-module view on screen.
  • Individual activities.
  • Structured Workshops

Our program design and delivery is based on adult learning principles and experiential learning techniques:

  • Individual and group activities
  • Short lecture sessions
  • Using templates
  • Practical and experiential
  • Written activities
  • Presentations
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Primavera Jobs Contract and Positions

Primavera jobs contract and positions :

As a specialized primavera partner and software provider. PSGINC, we work closely with our customers in project engagements. PSGINC is regularly contacted for services that support long and short term job requirements. These staffing engagement often have the potential for permanent hire for the candidate after the initial contract period.

project_management

Consultants and contract employee’s are encouraged to submit their resume for consideration on positions that match their respective skills and the job positions they desire. After the submission of your resume you will likely to receive a confirmation email for the job interview. The email will contain the current positions available for job. It would be updated by the job board, which may contain the client postings for primavera project management related positions.

The typical requests for staffing that are received may include:

  1. Primavera schedulers.
  2. Project managers and engineers
  3. Estimators
  4. Project controls/ administrators.
  5. Construction site managers and superintendents.

The employers can post the project management jobs listing for free.  Whereas the candidates can apply for job by posting their resume. PSGINC gives equal opportunities to all employers.

Primavera p6 supports public sector and federal projects:

Whether 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.

The CPIC relies completely on systematic growth that 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 objectives support 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.

Oracle’s 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 CPIC requirements. But also navigate your technologies, reducing risks and maintaining compliance. PSGINC is adept in navigating federal acquisition regulations (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 P6 Implementation Services

Primavera has given a number of solutions when it comes to handling your project. It could prove to be the best solution when it comes to managing people, resources and scheduling tasks for people involved in working for your project. For this regard the Prescient solution group offers a tool for scheduling which will make sure and ensure the tasks being carried out and completed in record time and as per required by the customer. It ensures a successful primavera software roll out.

P6_Portfolio

Prescient Solutions Group want to make your task a more flexible one by ensuring to give the best solution possible, buying primavera is a good solution but that doesn’t do all the job. To install a large and complex management system like primavera is a complex task, but you can smoothly carry out this by adopting the implementation services of the prescient solution group. PSG possesses a reliable experience when it comes to giving services for implementation. Successful installation of primavera is sometimes a tricky challenge at hand that may require skills and experience. It may also require deep understanding of standard procedures of project management approach in which the skill and experience would go hand in hand. It is very common for people falling in traps when they are new to primavera or have not yet experienced of implementing primavera services at large scale that they of misunderstand the needs, for this we need to hire people who have knowledge of handling complex management systems with also having sound knowledge of the ground realities which need to be catered.

 

Few of the major problems being faced by project managers these days are,

 

1. Poor education

2. Poor training

3. Poor monitoring

4. User adoption issues

5. Technical integration with other enterprise systems including oracle applications, SAP and people soft etc.

6. Performance concerns

7. Incomplete process design

Primavera implementation services helps you figure out all these problems.

If you are looking for a successful implementation PSGINCS (Prescient Solutions Group Inc.  ) can prove to be your best technology partner in this regard. It has mastered implementations services by using enterprise project and portfolio management (EPPM) and earned value management systems. (EVMS). It helps you get the benefits of business you expect, real fast.

PSG is the best technical solution partner, it helps you deploy, tune, upgrade oracle Primavera P6 in your organization.

There are few thing which need to be kept in mind while undertaking the implementation services for primavera software. It is deployed in three ways:

1. the most common is to deploy is as a stand alone software on a desktop computer for a customer’s project management needs.

2. For small businesses who have office networks at their location, it can be installed as a client server environment. This configuration allows primavera to be installed to the local PC and the applications database either an oracle or Microsoft SQL database to be installed on a network server.

3. It is also being ideal for internet based use, because of the increased need for collaboration and mobility.

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Introduction to Baselines of Primvera P6

Introduction to Baselines of Primavera P6

The Primavera P6 provides the option to assign a maximum of three user baselines. Each baseline is provided to each project. Let us have a look at their role in successfully tracking overall project status.

Sched Sample 1

Baseline for Current Project

This baseline shows the current activities in project schedule that can be viewed in editable view.

Baseline for Project

This baseline resembles the current project baseline and is only created once all stakeholders have agreed upon final baseline. This baseline is usually not changed unless the due process has been completed and is normally kept under version control.

Primary, Secondary, and Tertiary User Baselines

These baselines are usually used to help get quick snapshots for comparison reporting and near term variances.

Basics of Baseline

The baseline is created using Maintain Baselines dialog, this will generate a full copy of the project within the database. You will not see the baseline project in project list as it is labeled as baseline copy.

There is no limit on the number of baselines that can be created within Primavera Project P6. However, this should not mean that you get carried away by the notion. The creation of each additional baseline means a full project copy, which would increase the amount of space occupied in the database. The performance of P6 database will eventually get affected because of the creation of too many baselines.

User Baselines

User baselines serve a different purpose which is mainly to assist the scheduling manager handle variance for a shorter period of time. One other way of looking at user baselines is that they provide snapshots of monthly status updates. Multiple user baseline fields can be used to create variance reports which would help the management spot differences between current and previous periods.

If the baseline is set as primary, the BL1 columns of the table area will have dates before the project which have been created in the Assign Baseline dialog. On the other hand, the data shown by BL2 and BL 3 will show data from baselines where snapshots have been allocated for Secondary and Tertiary fields.

The same BL prefixes are used by the variance columns which have been assigned to them in Assign Baseline dialog. One other use of different types of baselines is to display Gantt chart via Bars dialog. Select the display options to show baselines as bars below the activity bar. Bar Style settings in lower tabs can be used to modify their appearance.

Conclusion:

The capabilities of Primavera P6 are very powerful and useful and you can further capitalize on user baselines to better manage projects.

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An introduction to High Level Resourcing?

The tool for project management Primavera P6 helps in planning, scheduling and management of resources at hand. The amount of details that P6 can handle is enormous. You can use Primavera P6 to track work for thousands of hours. One of the key strengths exhibited by Primavera is its capability to create high level resource allocations. High level resource means planning to fulfill resource requirements of a high level project plan.

primavera p6 scheduling

High Level Project Plan

The high level project plan is usually of level 1 or level 2. In this kind of plan, the work details involved are usually basic. Anyone who sees the layout of the plan can identify core or critical elements or parts like construction details, design, engineering or procurement. The levels can go to many sub-levels depending on the amount of detail involved. Some engineering associations range levels from 0 to 5, where 0 signifies single bar and on the other extreme 5 being high level of detailed involved in a task. In case of level 5 tasks, work is categorized into several sub-categories. However, level 5 is not the last level and there many subsequent sub levels involved.

Why high level project plan needs to be resource loaded?

The primary reason why high level project plans may be resource loaded is because it will allow you to accurately assess overall resource allocations required. There are many other factors which get covered using this approach including possible downtimes, need of resources at various project phases and efficient use of available manpower any particular time. Besides, you will be able to predetermine cost and cash flow estimates.

Resourcing High-Level Project Plan in Primavera P6

Primavera P6 provides very simple way of performing high level resourcing, typically when we are beginning from the level 0 or level 1. One of the major benefits of using P6 is that you will be able to save a lot of time and be able to efficiently manage data without getting lost. The best way to create high level resources is to do in groups of trade or occupation instead of individuals. For example, “Site Engineer Construction” assigning “Construction Engineering Team” as high level resource would ensure availability of this team to other parts of the project as well.

The Relation between High Level Resourcing and Levels of Effort Activities

Levels of effort activities can play a very important role in high level resourcing. You can summarize activities using level of effort activity for single resource instead of assigning it several times to multiple activities. Although, we know level of effort activities represent the tasks which indirectly support the overall project but still these can be utilized for equipment or crew in high level plans.

Conclusion

The High level planning and high level resourcing come together to give project managers a fair idea of budget needs and human resource requirements to accomplish various activities. You can easily create a schedule at high level within minutes. Tools like Resource Usage Profile Graph and Activity Usage Profile Graph give estimates for resource demand chart and projected cost curve.

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Important Things To Know About Primavera P6 Calendars

The calendars have become central to the entire scheduling. If you do not have at least one calendar created, you cannot create a schedule in Primavera P6. Here is a quick overview of the calendar features which you need to learn in order to effectively use it to your advantage.

primavera p6 calendar

Calendar for Activities

In the new calendar for Primavera P6, calendars are associated with activities. This allows you to add more flexibility to your scheduling and use multiple calendars for one project. For example, if two works are going on simultaneously at different places, one’s schedule will not affect the other’s work. You can use several calendars on more complex projects involving a lot of occupations to avoid confusion or clutter. However, you can still use one calendar for the entire project if this is what seems to be a more feasible option.

Activity Calendars and Resource Calendars

There are two ways in which you can create calendars in Primavera P6, activity and resource based. The most prevalently used calendars are activity based. For example, you need to perform maintenance of a machine every second Wednesday. In order to put that activity on map, a resource calendar can be created for that machine with the maintenance cycle scheduled into it. All other work related to that machine can now be scheduled around it, wherever the dependencies exist. In order for other related activities to become dependencies, you need to create “Resource Dependent” activity type.

Time Levels

There are three ways in which you can set time levels including; hours of the day, days of the week, and days of month / year. When setting up the rules, work can be scheduled at any of these three time levels. Here are few examples to help you know how you can set time levels.

  • Select days of the month or year that are workable or non-workable, it may include local holidays.
  • Select days of the week which are workable, like setting two days off as discussed above.
  • You can also select office timings, the beginning and ending hours for work.

Calendars and P6 Scheduler

There are different time zones and working days in various parts of the world. For example, in UAE the typically working week starts on Sunday and ends on Thursday, with Friday and Saturday off. These types of exceptional situations may arise when a project has unusual time zones to deal with. Create a calendar with Friday and Saturday off, Primavera P6 will never allow scheduling of any activity on these two days. All the work and non-work rules can be set in a calendar.

Changing Activities

Changing of activities in Primavera P6 can be tricky. Mostly, a new calendar needs to be assigned to an activity. Be careful when you assign a new calendar because the newly allocated time might add up to increase total duration required to complete the work. The adding up of time usually happens when the time levels are set in hours per day.

Primavera P6 calendars are a lot more comprehensive, although you need to learn them in order to work for you and not against you.

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Common Project Control Mistakes Committed By Companies

Among many other reasons which unnecessarily increase costs and decrease efficiency of any project, one important reason is how management uses the tools, supervision, and planning to maximize productivity. However, this is an ideal situation where everything is in its proper place and there are no constraints that the management has to face. Projects control play a critical role in deciding level of productivity actually achieved.

common project control mistakes

A simple way to avoid this pitfall is to set projects control group and not the projects monitoring group which would help a company closely monitor data trends, oversee performance KPIs, and analyze work accomplished after each shift. Here are some of the most common project controls mistakes companies commit.

  1. They do not rely on any turnaround management process or formal project which would help them determine before time that milestones set at particular dates will be achieved. A project gated process or milestone schedule has to be in place to remain on course.
  2. They fail to establish effective project controls which would dynamically schedule planned activities on regular intervals like daily or on shifty-by-shift basis.
  3. There is no proper field supervision for execution of projects. These companies should consider independent field execution supervision. No matter how much resources go into planning, scheduling and coordination if all that has been chalked out cannot be acted upon. Every function needs to be designated to its relevant resource. A team made of individuals who are specialized in their own fields would produce a much better result in comparison to another team where the specialized jobs do not have designated individuals assigned.
  4. Companies may also lack in establishing formal processes which would help them proactively identify work that needs procurement or contracting.
  5. Some organizations overstretch themselves by aiming too high or setting unrealistic targets for quality of work, performance, cost allocations, and schedule durations. They should keep their primary focus on costs, quality of work accomplished, and safety of workers, everything else will eventually fall in its due place.
  6. The preliminary budget set by the companies is not correct and it fails to accurately determine scope of work. Some of the indicators which would be used in correctly estimating preliminary budgets include direct wrench hours and indirect resource estimates. One way of eliminating this problem is to use different tools to reach the cost estimations.
  7. Cost and benefit analysis tools can be very handy in determine the overall risks associated with a project. Asset management teams should rely on comprehensive tools like Primavera P6 to exactly determine scope of the project.
  8. Hierarchy of management plays a critical part in successful completion of a project. The hierarchy various from one industry to another but the key idea is to bring structure to the team. This hierarchy will help in all phases of the project including planning, budgeting, resource allocation, execution, cost controls, and quality assurance.

Management should avoid these common project control mistakes to ensure all projects are completed on time, within available budgets and without putting the workforce in harm’s way.

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An Introduction to Level of Effort Activity in Primera P6

Level of Effort Activity means a special type of activity which has its own unique characteristics in terms of duration. Primavera P6 uses predecessors and successors to calculate duration of the level of activity.

integration

What Constitutes Level of Effort Activities?

Level of Effort activities is mainly created to support the main project. The work done using this type of activity only help in completion of the project but it has nothing to do with the deliverables. However, it is important because it acts as a catalyst in completion of a project. The tasks performed under this type of activities are still critical to successful project completion. Some typical examples of Level of Effort activities may include clerical or admin work, project management tasks, meetings with clients, and equipment maintenance. Activities of these kinds do not directly impact the revenue which would be earned from the project which is why it is very difficult to assign values to them in numbers.

Level of Effort Meaning

The term has been coined to mean spreading of work. The level of activity is not crucial to work flow and should not appear on Critical Path.

Use of Level of Effort Activities in Primavera P6

The purpose of creating a Level of Effort Activities in Primavera P6 is to track time spent by allocated resources on supporting tasks. The predecessors and successors are used to get dates and durations of level of effort activities performed. In order to automatically calculate these durations and dates, you need to assign FF relationship to successor and SS relationship to predecessor.

The Calculation

The calculation is done by taking Level of Effort activities date from early start date and the finish date comes automatically from the successor. The Primavera P6 calendar is used to make the date and duration calculations. In order to finalize the calculation you will need to reschedule your project. The change in duration of any of the Level of Effort activities will automatically be readjusted.

How to show Level of Effort activities?

In order to show Level of Effort activities you need to make adjustments to Gantt Bar settings. Go to Gantt Bar, right click to select Bars. Make sure the entry named “Remaining Level of Effort” is checked. If there is no such entry made, make an entry using the add button. The “Level of Effort” activities form integral part of complete project schedules as they help display all supportive tasks. Get yourself familiar with them but make sure not to overdo it.

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An Introduction to Level of Effort Activity in Primera P6

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