Five Ideas:
Primavera and Enterprise Project Portfolio Management
March 2009
About 20 percent of the world’s GDP spent on projects, according to the Project Management Institute. But even with so much investment, project fail. In fact, they fail a lot. The Standish Group International reports that more than 70 percent of all IT projects fail to meet expectations of time, cost, or quality. In addition, core project portfolio management solutions have traditionally operated in silos separate from other key enterprise processes.
That's why Oracle's acquisition of Primavera last fall was so critical. With the acquisition of PPM leader Primavera, Oracle was able to provide the first comprehensive enterprise project portfolio management solution, helping companies allocate the best resources, reduce costs, meet delivery dates and ultimately make better decisions, all by using real-time data. Now, nearly six months later, hear what experts are saying about the future of the Primavera Global Business Unit.
”We watched [Primavera] from afar for quite some time, and we saw this opportunity to finally bring them into the Oracle portfolio. It fits the type of profile that we look for: Companies that are leaders in their area, with a very specialized expertise that can't be easily duplicated, proven excellence and performance, judging by the number of customers that are relying on the product in a very mission-critical way. They now help 5,000 global enterprises and about 2.5 million users.... Primavera has been long-lauded as the thought leader and industry leader around this domain of project management."—Oracle President Charles Phillips
“What does enterprise project portfolio management (EPPM) mean?...Think of it as taking the best-of-breed project management, portfolio management, contract and earned value management capabilities of Primavera and adding the complete enterprise context of Oracle's ERP offerings for a comprehensive 360 degree view of your business projects, portfolios, contracts, resources, costs and earned value.” —Mark Kromer, the EPPM Blogspot
“The easiest way to describe the benefit of enterprise project portfolio management is that participants deserve a single version of the truth. They need to know what's going on now, what's taken place, what transactions have happened, how well they've done to date—and to be able to couple that with a real model of what's going to happen in the future so they can explore options and alternatives. And you want to have this EPPM system tied into the business processes that already exist in the corporation today, so you're not inventing new processes—you're taking advantage of the one's that are there.” —Joel Koppelman, GM and SVP, Primavera Global Business Unit
“Oracle’s Primavera integrated program management solutions enable owners, contractors, and designers to align the many facets of the building process with strategic business objectives, providing visibility into—and control over—schedules, costs, resources, risks, and more. With a common platform for communication among all partners, collaboration and execution improve significantly, facilitating consistent milestone achievements and capture of ROI..”—Oracle White Paper: Connecting Capital Planning, Construction, and Everything in Between
“Our global users community represents customers from many project-intensive industries. This acquisition is expected to create a comprehensive and integrated solution that will help our members better manage resources, reduce costs and deliver projects on time and within budget. The announcement is good news all around.”—Jan Wagner, president, Oracle Applications Users Group
