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When the Benefits of Your Recent Project Fades Away

benifitsThis is a thing which is not being paid due attention, for instance, let’s understand it with an example the project you were working on is complete you are busy taking your time out, enjoy success, celebrating with your stakeholders and other teammates. You are not following your recently completed project but somebody else surely is.

You even engage in some new assignment. But then the unexpected happen. Ad what it is?

The project you completed is not delivering results. At some point like the first six months or so of your project, you might even overhear what your project has been creating, a mess for others or let’s just say , not adding the right kind of value or expected value to the business of your customer or the organization you are working for. But once you find out the results are not as expected, next thing on your mind is how you need to carry out the amendments but firstly you get to know, what went wrong?

You start looking for clues and let us see, what can be the answers,

Your findings reveal that the related processes which are supporting your product are not aligned thus in return producing the loss. Which results in erosion of benefits or you can say with this the benefits of the product fade away.

Some of the factors are discussed below, which can be of great help for project managers, these factors will help you fill the loopholes when you work on your next project, so here you go.

  • Overtime
  • Regulatory fines
  • Overlooked tax deductions union disputes.

Discussing these in detail is important.

But first, understand is what your next step would be, focus on the assignment you are currently working on and ignore what’s been lacking behind or work on the solution involving your stakeholders, other project managers, and team in the process. The answer may differ according to the situation you are in, but one thing you need know, updating the project with lessons learned is important. And crucial to your success as a project manager, whether you are in the leadership role or not.

Regulatory fine:

The project processes do not provide the project report on time, regulatory reports to be precise. There is a lack of compliance, data requested by federal or local authorities is missing. This results in creating a lot of mess.

Overtime:

Lack of clarity about changes brought by your project and the changed processes caused the operational areas to work as usual. Producing the undesired results and the operational areas worked as usual, and the work had to be done again.

Union disputes:

The implementation of the new processes and project caused a change in union worker’s duties, which were caused due to not thinking about the minor aspects at hand, in the current contract, the new contract if done, would be on a larger scale with contemplating, each and every aspect.

Benefits Gain Profit Earning Income Hands Volunteer Concept
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Agility in Project Management

agility-in-project-managementAs the title of the article suggests, we will be talking about agile project management in this article. First we need to understand, what agility in project management is.

The agile movement seeks alternative to traditional approach in project management. The agile approach help teams respond to unpredictability through incremental, iterative, work cadences and empirical feedback. Agilest propose alternatives that are more fruitful for the project development phase.

The first step should be to make scrum practices the method for doing the work.

The main questions that arise here is

What is scrum?

Why is scrum?

Who is scrum for?

Scrum is an agile framework, which is consistent with the value of agile manifesto.

It is a team based approach used to deliver value to the business. Delivering value is the most important step. In scrum, team members work together to achieve a single goal. Which is a shared business goal; this framework promotes interaction which is effective.

The first step after selecting scrum is to get a shared business goal; further major steps are discussed below,

  • Figure out how to do the work
  • Does the work
  • Identifies what thing is getting in it’s way
  • Takes responsibility of getting out the things blocking their way
  • Focusing on the scope
  • Working with other parts of the organization to control the things which are not in their control.

This focus on scrum is considered critical.

A very important step is centralized collaboration, for example if your team consists of 30 members working in group of ten as three different team units, choose a single tool for communication such as Skype, line or Whatsapp, whichever is easy and accessible to all the members. And for documents, create Google drive or googleDoc, that would be of great help.

Creating a product backlog, which is a key reference tool for the committee or team involved in the development phase.

Planning how to perform the work is a crucial thing, the individual team members must be instructed to break their user stories into tasks that help them do their work effectively, it helps them feel ownership and make accurate tasks. For example, the tasks can be scheduled one day’s work over four sprints. This is in four weeks total. Allowing the team to get momentum and keep the flow going, this would a great step towards breaking down of the tasks in accordance with the need of the development phase, and acquiring the shared goal.

Scrum requires a working finished product goal after as the result of every sprint. A scrum’s team goal is to create a product increment after each sprint.

Meeting regularly with team leads, this will help you in ensuring whether the teams are working on the required tasks and in the required way, team leads should be asked such kind of questions,

  1. What has my team finished since last meeting?
  2. Are there any obstacles in the team’s way?

What needs to be done before the next meeting.

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How can you Improve your Organizational Structure(Process Improvement)

When we thing about the term process improvement, the first thing that comes to our mind is improve the overall organizational use. The use of what, yes, precisely, the software the success of your project needs the primavera software. When we talk about the improvement in process, we are talking about the organizational use, its benefits and the rate of the success of primavera software. The abundance in functionality in primavera oracle software unlocking and correctly using these capabilities is the key feature in maintaining the successful implementation. When it comes to consultancy, our consultants have a vast experience in all functional aspects in the oracle primavera oracle suite. The expertise of our consultants is all you need to make your project a success and a big hit in your domain. Our consultants can work through the system of your business process to ensure that the functional capabilities that we provide are leveraged in a cost effective manner and to provide benefit to the user specific to accuracy, time saving, reporting and ease of use.

The expertise covers areas such as:

Demonstration:

The oracle primavera manuals are good but sometimes there is no substitute for seeing the tool in action. Our consultants have demonstrated virtually every component of oracle primavera to audiences. The audience may range from senior managers to technical team members.

Process design:

To achieve an automated workflow that guides users through standard business procedures and processes. Oracle primavera provides the mechanism to send actions to individuals in order to complete the steps which have been identified previously. Escalation and reminder conditions can also be placed into the process in order to prevent bottlenecks. When data changes process can react to the data change allowing steps to be executed in an automated way. This fashion is opted to notify and ultimately rectify. Prescient Solution Group have designed process to aid in the compliance of many requirements (e.g. Sarbanes Oxley) to automate time approvals to facilitate conditional time approvals in order to facilitate conditional time approvals, define risk management processes, and outline project and program creation.

Financial structure maintenance:

When we talk about financial capabilities, they might appear to be complex when it comes to oracle primavera software. The complexity can be in term of settings that need to be made, the classifications that need to define,matrices, bill cycles , charge backs etc. PSGINC consultants can work with your finance department to identify and install the financial attributes required to achieve a streamlined project and the accounting process of that project. The most important point is that our experienced staff can maintain or build a link between your finance systemand oracle primavera to provide transparency into all your portfolio investments.

Security structure:

The security functionality within primavera allow for multiple levels of granularity.

It is further classified into more parts:

Instance based: it defines the part where the user has a specific right to an instance of an object e.g. an individual project.

OBS based : allowing on the organizational structure.

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PSGINCS – REVIEWS, PROS AND CONS

PSGINC has always strived for the best forits customers, bringing them the best solutions for their professional related fields.  PSGINC has a reputation for giving excellence to the customer’s product and collaborating with them to get it to the heights of their professional needs.

The reviews and feedback we got in the previous year has been of great honor for us. This compels us to works more for the mutual greater good, which not only grow us as a company, but also make our customers the best choice for people when selecting from the organizations.

The reviews to be mentioned are

“Great company to work for, with paths of advancement for people who are smart and want to work hard. “

The person giving review has been an anonymous employ at PSGINC. He further adds to his talk.

PROS:

“I have always been treated fairly. In my time at prescient group solutions.I can’t say for anyone else. Compensation has been above average.  The company has been getting many clients in the past few years, which have generated a number of opportunities for junior level staff to move up and run their own specific account .The culture is friendly, the atmosphere is good. The staff is supportive as well as getting your back for things on hand.

Seminars are held by the company every week or few weeks to highlight the changing trends of technology. senior level engineers and technological staff has always been a great support and have our backs in times of hardships or if something is not getting the right way whether they are on the same account or not.

CONS:

By the nature of the business, staff is decentralized with most of them being assigned full time to specific client or client sites.  Thismay result in a negative approach, which is limiting the direct interaction with other senior or junior level staff members. Who are not assigned to the same project as you have been assigned to.

The one advice that need to be given as a loyal member of the enterprise is to focus on managerial stuff when it comes to IT team.

Another member added his experience:

He says:

The pros include, IT OUTSOURCING. The main focus is on growth and customer satisfaction and need identifying as long as I h=have been there. The company has stood through tough times with his employees and has made serious efforts to support all the crew with financial and economical allows. The sense of teamwork you get to witness as well as personally practice is not seen in other organizations. Where IT is simply considered as an overhead expense. The enterprise is a growing organization, which gives you opportunity to get a varied skill set and wider experience that can be had at a large organization.

Cons:

The cons include, like in every organization, sometimes the things don’t work out the way they should mostly when it comes to managerial stuff.

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PSGINCS.COM – A HOME FOR BEST SOLUTIONS

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We address complex system of system challenges through tools , techniques and knowledge based system thinking while also recognizing that future systems require new thinking in complex domains such as cyber security, health care , data analytics, banking, transportation , government and aerospace.

oracle’s primavera portfolio solution is robust, easy to manage.

it’s key features include:

1. flexible user interface

2. team member interfaces for stating work

3. streamlined enterprise reporting

4. integrated risk management

5. resource management and optimization of views

6. workflow engine to automate business processes

the key benefits include:

1. unite project teams and stakeholders through collaboration and strong feedback methods

2. reduce the risk of costs and schedule overruns

3. optimize management of all resources

4. monitor and visualize project performance vs plans

5. confidently make and keep project commitments.

RESOURCE MANAGEMENT – MATCHING PEOPLE WITH PROJECTS:

Support both top down and bottom up resource request and staffing processes . primavera P6 EPPM makes it a lot easier for projects and resource managers to communicate their requirements and decision throughout a project’s life cycle. By providing a graphical analysis of resource and role utilization . PRIMAVERA P6 EPPM helps project team manages resources in dynamic environments.

This allows managers to see where resources are being used across all programs and projects as well as their forecasted future use . because all information is located is localized and centralized system. resource conflicts become apparent to project and resource managers , eliminating un expected delays and unforeseen resource limitations . in result of this, there is greater visibility into resource demand and capacity means maximized resource use.

BUISNESS VALUE:

Oracle’s primavera P6 ENTERPRISE PORTFOLIO ENTERPRISE MANAGEMENT SOLUTION helps organizations complete projects on time and with in budget by enabling them to prioritize plan, manage and evaluate projects, programs and portfolios across the enterprise.

ENSURE PROJECT DELIVERY SUCCESS FOR ALL YOUR PROJECTS AND PROGRAMS:

Primavera P6 EPPM is an integrated portfolio management application that includes role based functionality to match each team members’s needs and responsibilities. It provides executives with a real time view of their

organization’s project performance equips project participants with the right blend of usability , power and flexibility to effectively execute projects and enable workers across all levels of organization to analyze, record and communicate reliable information and make timely decisions.

primavera P6 EPPM can easily scale from a single user on a small project to tens of thousands of users engaged in millions of activities across hundreds of projects . the solution is built on a robust and proven standards based java architecture and is designed to deliver high performance with tight security , flexible integration and real time reporting including the analytics.

PORTFOLIO AND PROGRAM MANAGEMENT – PRIORITIZING PROJECTS AND OPTIMIZING ORGANIZATIONAL CAPACITY: 

With primavera P6 EPPM project managers can be confident that their projects and programs are aligned with company’s strategic goals and objectives that are in line.

by providing a consistent overview and analysis of the portfolio and program as projects are added and removed , this module enables project managers to manage incoming demand and select just the right balance.

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Primavera P6 Analytic Release

AN IMPORTANT ADDITION TO PRIMAVERA TRAINING.

The Primavera P6 Analytics Rel 8.x course is suitable for administrators and end-users alike who use Primavera P6 Analytics (R1.2) with Primavera P6 R8.0 or R8.1 Students will learn how to use P6 project management data to create basic requests, create filters, build views and charts in requests, establish gauge views, pivot tables and create dashboards. Oracle BI Publisher and BI Deliver are covered in this course.

oracle

IT IS A TWO DAYS COURSE.

THE AUDIENCE INCLUDES:

Project managers, functional implementers, administrators.

Pre requisite:

There are no pre requisites.

Before getting to know what this course offers, we need to understand what is primavera analytics.

Oracle’s Primavera Analytics is a packaged business intelligence solution that provides valuable Insights into your projects and portfolios in Primavera P6 Enterprise Project Portfolio Management and Primavera Unifier so you can uncover trends and identify issues before they escalate, helping you to make better, informed decisions

.

The most important factor of primavera analytics is handling projects with ease.

That may include Gain unprecedented visibility into your Primavera P6 Enterprise Project Portfolio Management and Primavera Unifier projects and portfolios. Uncover trends, discover the root cause of issues, forecast costs, and improve strategic and project-level decision-making.

Some of the best practices in industry regarding analytics:

Oracle has collected years of best-practice metrics, key performance indicators (KPIs), reports and scorecards from project, program and portfolio managers to create Primavera Analytics. By implementing Primavera Analytics, you will immediately reap the benefits of proven methods of enhanced resource analysis, variance analysis, earned value management, and cost and schedule performance.

With Primavera Analytics, you can leverage the power and flexibility of the Oracle

Business Intelligence platform to add your own reports, scorecards and KPIs to the

solution beyond the pre-configured set of dashboards you receive. You have full control to modify the default dashboards and can build your own report.

Gain a clear understanding of project and program schedule and cost performance this bringing attention to problems.

 

SUBJECTS COVERED IN PRIMAVERA P6 ANALYTICS TRAINING:

  1. Creating Requests
  2. Filtering Requests
  3. Creating Charts & Working with Views
  4. Creating Gauge Views & Pivot Tables
  5. BI Dashboards
  6. About BI Publisher
  7. About BI Delivers

KEY POINTS IN LEARNING:

  1. Build Dashboards
  2. Create Pivot Tables
  3. Use BI Publisher
  4. Create Requests & Charts
  5. Work with Views
  6. Filter Requests

OUTCOMES INCLUDE:

  1. Create Requests
  2. Filter Requests
  3. Create Charts
  4. Work with Views
  5. Create Gauge Views Create Pivot Tables
  6. Build Dashboards
  7. Use BI Delivers
  8. Use BI Publisher

 

This training course will help you in following way:

  1. Uncover deep insights into projects, as well as complete history and trends over time
  2. Quickly identify potential performance issues
  3. Correct problems throughout the project lifecycle
  4. Make better project portfolio decisions

Usually the resources you have in primavera analytics includes:

White papers

Business briefs

Webcasts

Assessment tools

Productivity kits

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Use Of Enterprise Track

oracle use INSTANTIS ENTERPRISE TRACK , The first question that arises is why you need to choose INSTANTIS ENTERPROSE TRACK. The use of this enterprise pack comes when you need to optimize project and resource investments. This helps you improve strategy execution and financial performance with more effective work and resource management. this end to end solution provides a top down approach to managing, tracking and reporting on the enterprise strategies, projects, portfolios, processes, resources and results. it uses what-if scenarios to optimize resource deployment. here we present an overview of the instantis enterprise track, so you have a clear view before choosing the best solutions for your resource deployment plus the above mentioned scenarios and solutions. here’s the overview: – plan and execute project portfolios strategies – manage demand and resource utilization strategies across IT and other project portfolio types. – monitor, report and analyze work and project portfolio activity, status and metrics – deploy quickly and easily the features include: strategy and process management: the benefits of this features includes, drive buisness and IT execution strategy from the top down by defining a portfolio of strategic goals and initiatives the second benefit is related to the feature idea management: capture new project ideas and filter requests by levergaging an online portfolio demand management: this feature is highly feasible when it comes to benefits like streamline and standarize intake capture , workflow, prioiritization resource scoping and approval processing for simple and complex project work demand proposal management: ensure alignment with strategic goals by enforcing a standarize workflow for promoting an idea for a proposal and selecting and approving projects. capacity management:  optimize scenarios with resources which include what-if scenario planning to simulate the impact of shifting , excluding or adjust proposed project plans resource management: enhance resource pool visibility and allocation control by balancing inbound work demand with available reource supply which includes time, staff and budget etc. the next feature is the most valuable of all project management: increase project status visibility and guide project team execution success. knowledge management: it is immportant as it improves project success by levergaging a centralised knowledge base of best practices, documents, tools and templates. financial management: this is very crucial for a projects success and minimising risk factors as it tracks planned versus actual costs with top down and bottom up project budgeting as well as capitalization, expense and charge back accounting. metrics management: track and roll up non-financial performance indicators such as defects , service levels, trouble tickets or any other operational metric of choice. survey management: gather feedback on demand from key internal customers and stakeholders with simple online surveys and polls. dashboards and reports: easily and instantly compose and share project and portfolio level projects which includes dashboards and reports at any phase of the project lifecycle , from ideas to metrics and from metrics to results collaboration: the collaboration involves improve productivity and project team which includes stakeholder communication and collaboration with seamless , fully integrated social networking. integration: it involves integrating with desktop applications , project management tools, enterprise applications and IT service management systems. oracle instantis enterprise track is the leading , cloud enterprise project portfolio management software used IT and project management offices to improve strategy execution and financial performance through better work and resource management. It provides an full service suite for managing , tracking and reporting on enterprise strategies , processes, projects , programs , portfolios , products, resources, costs and benefits. instantis enterprise track is easy to deploy quickly easy to use, easy to administer the tools of project and affordable. It empowers IT and PMO leaders

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Primavera Unifier And Primavera uDesigner Experience

The topic which would be covered in this article would be the use and importance of a unifier. PSG’S unifier consultants can assist in various programs and activities which include training, implementing and process modeling using Primavera unifier and primavera uDesigner experience. Which was formally known as skire.

Contact us today to discuss your implementation and oracle cloud deployment etc. it would surely be the best solution for your training needs.

When getting started, there are some important introductions to be made:

Oracle primavera unifier deployable on premise or hosted.

  1. Primavera unifier (on premise):

Traditional software licenses that you install in your own environment.

  1. Primavera unifier cloud service (hosted):

A cloud service hosted and managed by oracle on oracle’s servers.

Primavera unifier is made up of five separately licensed modules:

Primavera unifier capital planning

Primavera unifier project delivery management

Primavera unifier cost controls

Primavera unifier facility managements

Primavera unifier facility management

Primavera Unifier for Cost Control

Managing costs on a project by looking in the rear view mirror makes project controls a nearly impossible task. Yet, that is how many of today’s capital projects are managed, whether done using spreadsheets, an ERP system or an internally developed solution. Being able to see pending costs in real-time with the ability to see all of the underlying and related causes, including the critical engineering information for immediate analysis, is the only way to ensure proper cost control.

Unifier’s Cost Manager solves these problems and more. Whether you are executing multi-year capital programs, managing the construction of a single new facility, or managing a portfolio of IT projects, the Cost Manager delivers real-time visibility into the financial status of your projects or programs. All financial data — funding, budgets, commitments, appropriations, expenditures, etc. — are available in the cost sheet. You will have full confidence in the accuracy and timeliness of your forecasts, estimates and budget control.

The cost sheets employ a familiar spreadsheet-like interface, which can be tailored to match your existing standards. Define your own break- down structure, column definitions, formulas and labels. Drill down to individual records and transactions, even line items, from any source data, including critical engineering information and workflow history. Supplement the cost sheet with supporting worksheets and work packages.

As you would expect from Unifier’s integrated solutions, the cost manager works seamlessly with the funding manager, schedule manager, cash flow engine, portfolio manager, business processes, earned value calculations, resource manager, project gates and more. Unifier’s overall Cost Manager solution also includes fully configurable schedule of values and Payment Application support.

Primavera Unifier for Document Management & Collaboration

Having the most current documents readily available to all project participants is critical to driving efficiency and reducing errors and omissions on projects. A robust audit trail of document changes reduces tension across project participants, decreases the risk of change orders and claims, and helps drive on-schedule and on-budget performance.

The Document Manager is part of Unifier’s secure, web-based architecture, allowing superior local or worldwide collaboration between project team members or across the organization.

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Primavera Unifier for Document Management & Collaboration

Having the most current documents readily available to all project participants is critical to driving efficiency and reducing errors and omissions on projects. A robust audit trail of document changes reduces tension across project participants, decreases the risk of change orders and claims, and helps drive on-schedule and on-budget performance.

The Document Manager is part of Unifier’s secure, web-based architecture, allowing superior local or worldwide collaboration between project team members or across the organization. The system ensures that all members of your team are always working on the most current versions, and dramatically increases efficiencies by providing ready access to all documents from anywhere at any time.

Contract Management

Unifier’s Contract Management solution addresses the unique challenges of capital construction. Purpose-built for the industry, it eliminates manual processes and has been proven to significantly streamline contract and change management procedures. Unifier helps you manage all of your contracts regardless of type, from simple material procurement to complex con- struction contracts. It captures all relevant contract details and supports subsequent processes for change management to put you in control. Invoicing can range anywhere from simplified line item billing to complex payment applications that track percent completion, retainage, stored materials and more. And with Unifier’s Custom Print capabilities, you can even design and generate contract documents or invoices in which you can easily merge transaction details with organizational branding, terms and conditions or any other boiler plate information. With full vendor management capabilities, and unique functionality such as easy access and visibility of all related business process records, Unifier is a robust, intuitive and complete contract management solution.

The system uses a flexible folder structure to support the requirements of any type of project, and is governed by a detailed set of permissions that can be applied to entire folders or individual documents. Its embedded file viewer supports hundreds of file types, allowing viewing, edit- ing, storage, commenting, as well as powerful redline and markup capabilities, of virtually any type of document or drawing. In addition to basic features that you would expect from an enterprise document manager — check-in/check-out, lock/unlock, revision control, detailed audit logs, shortcuts to commonly used files and folders, robust reporting capabilities — Unifier’s Document Manager also includes many advanced features, including tight integration with Unifier’s market-leading business process and workflow engine, automatic storage of business process attachments into specific folders, email alerts, control of file access by project phase, drawing reference file management, and more.

Primavera Unifier for Cash Flow Management

Cash flow management is important for maintaining the financial integrity of a project. Project managers and executives rely on accurate, comprehensive reporting and analysis of transactions and the ability to reliably forecast trends and risks. Spreadsheets are often the tool of choice for cash flow management, but are fraught with errors and data integrity issues, as well as many other limitations.

Unifier’s advanced Cash Flow engine allows you to baseline budgets, track actual costs, and calculate reliable forecasts. Cash flow data is displayed both graphically as cash flow curves and in worksheet form for complete analysis.

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Primavera Real Estate Management World-Class Real Estate Management

Primavera Real Estate Management provides comprehensive tools for planning, tracking, and managing your real estate portfolio. Make strategic decisions effectively and accurately for leased and owned properties. Rules and compliance requirements are kept up to date for easy lease management. Primavera Real Estate Management is part of the integrated Primavera Unifier offering.

Overview of primavera real estate management-a world class approach:

  • Comprehensive management and tracking of leased and owned properties across an entire real estate portfolio
  • Support for landlord and tenant lease types to allow tracking of expenses and income separately
  • Automated tracking of costs and expenses by department, space, or payees
  • Create and track lease payments automatically and roll up information to each facility’s cost worksheet or across your real estate portfolio
  • Manage critical dates and allow Unifier to notify you of upcoming lease dates that require your attention
  • Utilize flexible workflows to route, review, and approve common real estate transactions such as site selection and acquisition, dispositions, new lease initiation, subleasing, lease termination, and more

Features and benefits include:

  • Lease management
    • Flexible, configurable lease management capabilities to support tenant and landlord lease types
    • Automate payment requests and tracking of costs and expenses, associate lease payments with designated cost codes, and roll up to the facility’s cost worksheet
    • Track lease payment terms, contacts, key dates, clauses, tenant improvement allowances, security deposits, and more
    • Straight line rent calculation
    • Automate notifications and alerts for critical dates
    • Ability to support rent roll reports for a single property or across the portfolio

·         Document management

    • Leverage a robust audit trail of document changes to reduce tension across team members
    • The system ensures that all members of your team are always working on the most current document versions

·         Portfolio management

    • Set up and manage portfolio by region, property, site, or any other structure that suites your business organizational hierarchy
    • Full visibility into all real estate information across the entire portfolio with drill-down capabilities
    • Real-time portfolio data through visual dashboards help track performance against business objectives
    • Single, integrated, real estate and facility lifecycle management solution lets you view, compare, and report information for a single property or across your entire real estate portfolio—all in real time

·         Transaction management

    • Initiate and track strategic transactions, such as site/property acquisitions, dispositions, lease initiations and renewals, subleasing, terminations, and more
    • Automate management of scope, tasks, and deadlines through Primavera Unifier’s business process workflows
    • Complex transactions can be configured to handle scope, schedules, costs, documents, and related due diligence processes
    • Ability to configure the solution for tracking other real estate transactions, such as commission tracking processes and reporting

Conclusive discussion:

Use portfolio property KPI’S and dash boards for quality management

Set up and manage complex lease agreements for both tenant and land lord

Track property taxes and other fixed costs

Consolidate all costs and payments for lease and property

View portfolio profile and metrics by portfolio heirarchy

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Primavera Real Estate Management World-Class Real Estate Management

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