Oracle Modern Best Practice—Project Opportunity to Approval

Start Your Projects Right
Start Your Projects Right

Project Opportunity to Approval

Delays in project launches can prolong time to market and diminish client confidence. Leveraging cloud, mobile, analytics, and social, this modern best practice helps you streamline the project approval process, improving client satisfaction and enabling you to seize new business opportunities. Align scope and deliverables with business objectives through secure social collaboration on any device. Optimize scheduling and staffing by viewing available resources and potential projects across the enterprise. Forecast costs and budget accurately with analytics.


Monitor Project Opportunity
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Monitor Project Opportunity

Track preproject effort and costs including sales data for a services contract or internal development requirements.


Outline Contract Terms
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Outline Contract Terms

For contracted projects, define the terms of the project contract including milestone dates and billing schedule.


Determine Scope and Deliverables
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Determine Scope and Deliverables

Establish project scope, prioritize requirements, and specify deliverables.


Soft-book and Confirm Resources
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Soft-Book and Confirm Resources

Assign tasks and deliverables to project team members who are selected from predefined talent pools.


Define Tasks and Schedule
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Define Tasks and Schedule

Build the project schedule and define tasks. Collaborate among team members to ensure accuracy.


Establish Budget and Forecast Costs
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Establish Budget and Forecast Costs

Determine the project budget per contract terms. Forecast costs, revenue, and profit margins.


Obtain Launch Approval
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Obtain Launch Approval

Gain stakeholder approval for launch and finalize the contract with customers.