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Primavera P6 Enterprise Project Portfolio Management – Release 8 Richard Emil Sappé Industry Strategist
6 The Customer – higher expectations to do more with less, and do it faster, better and cheaper, heroics the new norm The Work – increasing complexity and greater risk of projects, more inter-relationships among projects and players; balancing core vs. context The People – skill and resource constraints, aging/ retiring workforce, virtual teams, partners The Economy – financial volatility, budget constraints, overall uncertainty, competitive pressures The Process – more complex IT environments; more systems, more people, more information; “flattened” processes Macro trends
7 Enterprise Project Portfolio Management Inefficiency Value Lack of Standards Unmitigated Risks Poor Accountability Inadequate Capacity Planning Rework, Waste Overruns No Best Practices Process Inefficiency High TCO Strategic Alignment Governance Innovation Competitive Advantage Velocity, Agility Repeatable Success Successful Projects Visibility One version of the “truth” Driving business value The business impact of Enterprise Project Portfolio Management
12 73% of organizations measure project success by determining whether projects come in on time and on budget. Yet only 6% consistently deliver projects both on time and on budget. (EIU*) Companies utilizing project portfolio management can expect greater consistency in project execution and ability to drive project outcome. Governance 80% of organizations say having project portfolio management as a core competency helps them remain competitive during a recession. Yet 49% follow formal PPM processes on only large or complex projects. (EIU*) Inclusivity Predictability 53% of organizations are continually working to improve their PPM methods and processes. Yet only 10% rated themselves as excellent at PPM. (EIU*) Optimization * Source: EIU Poll, September 2009 Managing the challenges 21 st century projects
Extend project portfolio management adoption to manage all projects, portfolios, people and processes enterprise-wide. Improve PPM maturity enterprise-wide Enterprise-wide Inclusivity Managing the challenges of 21 st century projects Benefits of Enterprise Project Portfolio Management Confidently make and keep project commitments to customers and clients. Achieve repeatable PPM excellence Set direction, establish best practices, and provide controls, while relying on lower levels to make sound decisions. Ensure alignment of strategy, execution, results Governance Better Predictability Ensure sufficient capacity, utilization, and availability of people, skills and other resources to meet current commitments and take on more work. Optimize management of all resources for maximum ROI. Optimization
19 WhatBenefit Communication of project content through multiple delivery options (print, e-mail, document management, dashboards, etc.) Enhanced Collaboration and Communication – Enable Fluid Communication for Individual Insight, Team Productivity, Project Success Each user’s role, responsibilities, and project management skill levels matched with appropriate software capabilities Better Application-wide Usability/User Experience Enhancements – Adapt to Various Levels of Complexities of Projects and User Needs World-class, integrated workflow engine and process design for management of complete project lifecycle business processes Robust Automated and Configurable Workflows to better Govern Compliance and Regulatory Requirements Maximum business value creation through projects and programs Enhanced Project Portfolio Management to Assemble a Risk- adjusted, Resource-optimized Portfolio to deliver Maximize Return Highest quality results without rework or waste along with management of best practices and core project knowledge Project Templates Establish Standards Critical to Project Success Industry-standard qualitative risk management capabilities and the evaluation of major risk factors and the effect of contingencies on costs and timing Qualitative Risk Analytics helps Reduce Financial and Performance Risk and Increase Client Satisfaction Consistent planning, execution and delivery of all projects, large and small, on time and within budget Industry-standard Planning / Scheduling Reduces the Risk of Cost and Schedule Overruns and Contract Penalties Complete solution for project lifecycle reporting and actionable insight for improving project portfolio performance P6 Analytics Enables Deep Insight and Proactive Decision- Making Continuous management of fluctuating demand for critical resources and skills Leading Resource Management Ensures Availability of People, Skills and Resources to Take on More Work P6 R8 Key Enhancements for Power, Energy & Process