Finance

Five Ideas: Project Management

Oracle enters into an agreement to acquire Instantis

November 2012

This month, Oracle announced that it has entered into an agreement to acquire Instantis, a leading provider of cloud-based and on-premise project portfolio management solutions. By combining Instantis with leading capabilities from Oracle's Primavera and Oracle Fusion Applications, Oracle’s leadership expects to provide the most comprehensive set of cloud-based and on-premise Enterprise Project Portfolio Management solutions allowing customers to plan and execute initiatives throughout their organizations. Here, learn more about the proposed acquisition, plus get more insight from the November issue of Profit magazine.

“Organizations realize the need for a more simplified approach to address project portfolio management initiatives – and yet most solutions are too complicated and expensive to deploy. By adding Instantis, Oracle can help customers gain complete visibility and control of their mission-critical project initiatives using a top-down approach suited for projects throughout the entire organization.” —Mike Sicilia, senior vice president and general manager, Oracle Primavera

“By and large the reason most projects fail is because they are over-scoped. They are just too large. We love killer apps and the grand slam home runs, but we should be using an almost scientific approach to problems and searching for smaller, quicker, leaner solutions.” —Matthew May, author, The Laws of Subtraction

“Real-time, mobile data transfer and automation will not only increase the accuracy of revenue recognition but will also support better coordination of resources, cost reduction, and more-efficient access to working capital. Customer satisfaction is a key differentiator, so the ability to execute with more precision can translate to a happy customer and repeat business.” —Susan Poser, senior director of the Industry Strategy and Insight global program office at Oracle

“Oracle's recent acquisition of Skire, a leading provider of capital program management and facilities management applications available both in the cloud and on premises, gives customers outstanding new EPPM options. By combining Skire's cloud-based solutions for managing capital projects, real estate, and facilities with Oracle's Primavera EPPM solutions, project managers can quickly get a solution running that is interoperable across an extended enterprise.” —From Profit's “From Trailer to Cloud”

“The right EPPM solution can help organizations see all the projects across their entire portfolio. If there's any piece that a manager or executive is concerned about, he or she should have the ability to drill into it and study the individual metrics that are in danger of causing things to go off the rails.” —Mike Sicilia, senior vice president and general manager, Oracle Primavera

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