The evolution of airport infrastructure.
The CAPA Centre for Aviation said that in 2017 there was US$845 billion of investment tied up in airport expansion projects. A further US$255 billion was also being invested in new airport projects around the world at the time, meaning that a total of US$1.1 trillion in airport infrastructure projects were planned or under way.
This merely scratches the surface of the economic potential of airport infrastructure projects. Containing elements of air, road, and rail travel infrastructure, as well as complex logistics and retail environments, today's airports operate almost like a city within a city.
These microcities go beyond just travel, and can often spur entire economies if they succeed, But if an airport project overruns, goes overbudget, or fails completely, the economic damage can be vast This risk is only increasing as modern air infrastructure projects become more complex and wide-reaching.
Building the airports of tomorrow.
Airport projects in the past have been primarily focused on physical infrastructure. But the air projects of the future can also expand to cover elements of digital infrastructure, including networks for moving millions of passengers, systems that enable commerce, and the infrastructure that allows people to work, communicate, and buy on the move.
As both the digital and physical footprints of airports expand, air infrastructure projects will quickly balloon into a portfolio of thousands of smaller operations. While this brings huge economic and social opportunities to the surrounding areas, it also brings a range of challenges to contractors, subcontractors, and project managers.
Prep for turbulence.
Even when projects have commenced, challenges remain.
With such a large portfolio to work through, a range of contractors, subcontractors, consultants, and engineers may be working on any single project. Ensuring tight collaboration between these groups (and creating a single source of truth for project data) is essential, but this is almost impossible to achieve using manual spreadsheet approaches.
Visibility goes beyond collaboration, becoming an essential part of any project to ensure compliance and effective resource management. Without careful document management, you run the risk of misallocating resources, and seeing a project run over budget and over schedule.
A bumpy take-off.
As airports continue to evolve and grow, governments and operators must find ways to address many challenges, including:
Growing passenger and cargo numbers
Rapid advances in aviation technology and aircraft size
Environmental concerns
Evolving security threats
The solution is to build new terminals and facilities, and upgrade key infrastructure to better cope with increased demand, environmental concerns, and security threats. But this could involve thousands of projects, all of which must be aligned with the airport master plan.
Even when aligned to airport strategy, this vast portfolio of projects must be carefully prioritized to ensure the airport is modernized methodically—without overextending budgets.
With airport funding models often weighted toward private investment, these projects must also be able to demonstrate cost-effectiveness and RQL This places a greater emphasis on project transparency, something that can be hard to achieve when working with a complex and vast project portfolio.
Ensure a smooth landing.
Even when a project has been completed, the job is not truly finished. There are the handover frpm contractor to owner to consider, including a full documentation transfer. There is also maintenance schedules and resources to consider—important for ensuring the smooth launch and continued operation of airport facilities.
Whether you need to optimize the planning, building, or postbuild stages of a project, enterprise project portfolio management (EPPM) solutions can help you better monitor project progress, enhance visibility, and better allocate resources.
An EPPM solution can offer benefits across all stages of modern airport development, helping you:
Analyze and prioritize projects
Identify and mitigate risk
Plan, coordinate and execute infrastructure delivery
Integrate with ERP and finance tools
Deliver transparent audits
Work from a single source of truth
Manage change
Optimize resource allocation
Generate reports from real-time data
Transition assets from build to operations to maintenance
Manage preventive and corrective maintenance
John Wayne Airport delivers
seven-year improvement program with Oracle Primavera.
The sole provider of air travel in Orange County, California, John Wayne Airport approved a seven-year improvement program to ensure it was equipped to continue serving its nine million annual passengers.
With a US$543 million portfolio, John Wayne Airport decided to use Oracle's Primavera EPPM solution to ensure the projects were completed successfully.
An EPPM solution designed with airport development in mind, Oracle Primavera has helped John Wayne Airport adopt new passenger processing technology, build more than 2,000 new parking spaces designed with sustainability in mind, and deliver its entire improvement portfolio on time—and millions of dollars under budget.
Oracle's Primavera tool enables us to tightly control public-works project budgets, as well as to provide seamless access to related information, resulting in important savings.
Larry Serafini,
Deputy Airport Director, Facilities,
John Wayne Airport
Learn more about EPPM for airport infrastructure projects.
EPPM solutions like Oracle Primavera are transforming how airports approach critical infrastructure projects.
To learn more about how Oracle Primavera can help you simplify and enhance your project portfolios.
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