Project management – What Should be Kept in Mind?

project-managementThe first step for an organization is to see whether the project manager has the necessary skills.

Skills required managing the project or in any adverse circumstances moving them to a place where they do less damage to the organization. And when we speak about the organization:

Certain things should be kept in mind. Considering the needs of the organization itself is a very important step. Business needs today includes the business to be agile, it should change quickly and as per the need. Adapting rapidly to the changing environment is a key factor. These factors make your business project driven.  Which means the business should have a project focus. This means embedding project management into business strategy and making sure the organization understands it.

This includes doing projects right. And that begins with making your team with the cream people who do the things with their best skills, putting your best people. For a couple of years as part of the practice the role of good managers may be stretched and blossom to some additional roles which may take their project to new heights of prosperity. Not just their projects but their skills, knowledge and expertise. Which help them as an individual as well as whole of the organization?

Two of the most important things which should be kept in mind is only those projects that are most critical to the organization takes place and secondly are measured as per actual benefits delivered to the business at the end of the project.

Decisions like these are made by the high level managers, (business executives).

According to some experienced project managers they work on a three year focus with a quarterly review of the portfolio and the strictest rule that nothing is bullet-proof. Business critical projects should always be prioritized and rests of the projects are delayed as per the need of the business. This is the most important way of getting top management support. Worldwide very few organizations have implemented portfolio management support. And among them mostly are suffering from “project amnesia” this term refers to “approve and forget” by some people. Explaining it may include:

“The (executives or top management) approve a project and then seem to forget all about it”.

Reviewing what we discussed in this article, step one was the skills of the project manager, step two were the needs of the organization, step three includes considering the projects that are critical to the organization. But we can’t just stop there even if we take the important of the projects, things might still go wrong. Which can be eliminated using the review technique, which the fourth and most crucial part.

It includes putting processes into place considering all projects are reviewed at set times during the project life cycle.

What is needed is the some kind of a peer review process where a team or an individual carries out a review against a standard check list of the project at hand.

Introduction to Primavera Systems Incorporation

Les Seskin, Dick Faris and Joel Koppelman are those legendary names who founded Primavera Systems, a brand name under which many soft wares that collectively form a comprehensive Enterprise Project Portfolio Management (EPPM) solution are marketed. Primavera was launched by Primavera System Inc. in 1983 but later on it was acquired by Oracle in 2008.

Primavera software caters the needs of a vast range of dimensions of a business. It includes project management, collaboration and control capabilities and integrates with many other soft wares.

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Primavera Systems Incorporation specializes in, product as well as program management software for almost all business areas which include architecture, construction industry, oil and refinery companies, Engineering etc. Primavera software is so well refined and articulately designed that it focuses on measuring performance, assuring governance, controlling in the best possible manner the overall activities of staff of a huge number with primary task of Project Portfolio Management which is its core essence. It helps in team collaboration enhancements and prioritization of investments and resources. A huge number of clients consider procuring this system due to one of its most attractive features which is support to risk management.

Primavera Systems Inc. has been continuously working on improvement of its effectiveness to help organizations increase their productivity in terms of ROI. The latest version of Primavera software is P6 with resumed improvement from Inspire, Evolve, Suretrak, Pertmaster, Cost manager, Contract Manager and Prosight. P6, which is the newest addition to the suite of Project Management Solutions, provides real-time view of portfolio performance. Risk management or what-if scenarios come under full fledge separate Primavera packages and offer scorecards and capacity analysis.

Such huge systems always require some special treatments as they produce the maximum fruit also. Their hardware requirements vary greatly depending on a client’s needs but in general, their hardware specifications apply to all software packages. Besides, client operating system must be Windows XP professional, Windows vista business addition or Citrix.

After all the pre-requisites have been dealt with, choose the right projects for the greatest business value. Then effectively plan, organize, manage, control and appraise your projects of all sizes. But the fact must be admitted and acknowledged that projects are becoming continuously unpredictable and more complex due to new emerging challenges, scarce resources, economic uncertainty, fluctuating markets, changing business demands, employees’ demanding more around-the-clock collaboration. In such situations, even medium level enterprises change in their plans and try to execute the right projects, easily and affordably.

Primavera is key to effectively address all above challenges that an organization faces in daily operations. Oracle’s enterprise primavera project portfolio management solutions enable organizations to intelligently manage their programs and projects. Real time visibility and practical information can be had using Primavera solutions. An organization can determine whether enough or sufficient resources are available or appropriate skilled personnel or team members are there to accomplish the tasks. Primavera solution helps a project manager evaluate the risks and rewards associated with projects and programs. You can achieve optimal performance in respect of management, collaboration, and control capabilities that is needed to effectively execute a project from start to end.

Integrating Primavera P6 with Project Portfolio Management

Oracle Primavera P6 can be very useful if integrated with social media, websites and other enterprise systems. It can greatly help in revamping management processes, improving transparency of available information and reduce costs. However, the transition may not sound very easy for a lot of IT departments.

Primavera-Project-Portfolio-Solution

The canvas of functionalities given to Primavera P6 is very wide. It is fully capable of assisting management in complete prioritization, planning, management and execution of projects. It is able to leverage responsibilities, skills, and role-based functionalities. The Enterprise Project Portfolio Management can singlehandedly adapt to various levels of dynamism and complexity involved in various projects. Besides, its ability to be scaled up to multiple projects and any number of users in different roles make it the most comprehensive project management tool available.
MGS can handle variety of projects for customers. It is able to handle both small and large scale projects of customers. You can now integrate Oracle’s Primavera Enterprise Project Portfolio Management via iBOLT Integration suit for CRM, ERP and proprietary systems.
Project management needs methodology and discipline to ensure a project gets completed successfully. The ability to execute disciplined project management skills involves deployment of right application platform and technologies. Integration of operational systems with project management systems plays a pivotal role in effectiveness of a project management office.
The integration requirements and patterns differ from one organization to another. Different organizations deploy various enterprise systems as per their specific needs. One piece of information updated in one system is automatically updated into another system. Similarly, associating one completed activity with another is very important for an ERP system. There can be several examples quoted in this regard like hourly billing, milestone payments, and threshold payments.
The rules and criteria in which one organization works usually differs from that of another. The visual configurable business flow tools are well suited for this kind of integration. Organizations need to work with these tools to optimize various IT processes in order to effectively support the Project Management Office. Make sure the business processes which are supporting PMO are well integrated otherwise you may need to start introducing your own integration processes.
Conclusion
The experience working with various technologies is critically important as it helps understand other factors involved which may include creation of detailed mapping requirements, defining business rules, utilization of use case scenarios, and normalization of data. The understanding developed for Primavera P6 is only part of the entire integration process. In order to get a grasp of everything, hiring expert for everything is very costly. The best way forward is to outsource the work.

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