The changing face of transportation.
From intelligent streets to digital railways, it's clear that the way people travel is changing. The accelerating rise of the digital economy has transformed the transportation experiences people expect. As a result, infrastructure projects must take on a more technology-driven focus, specifically:
Building integrated and intelligent transportation networks
Ensuring networks can sense demand
Automatically adjusting operations to improve efficiency, ease congestion, and extend the lifespan of physical assets
Beyond connected transportation initiatives, new automation and machine learning technologies can be used to create Al-powered infrastructure that can automatically make decisions to improve safety and quality of life.
In many cases, these new breeds of projects give rise to challenges that demand new skills, In other cases, they merely complicate existing obstacles and the risks they pose to project completion.
Balancing risk and reward in public infrastructure projects.
Done right, these types of transformative public infrastructure projects can spur a country's economy.
However, if things go wrong, the damages can be widespread, with estimates claiming that every billion dollars spent on a failed infrastructure project can remove US$135 million from the economy.
In order to successfully manage risk within transportation and infrastructure projects, project portfolio management is critical to:
Manage assets, resources, and people across diverse locations and time zones
Collect and extract insights from different data sources
Maintain visibility across all projects, and all risks that could affect delivery
Ensure appropriate transparency for all stakeholders
All of these elements require careful project selection, proven project management strategies, and a selection of tools that can help manage risk.
How to select the right project.
With many municipalities relying almost entirely on taxes and other public fees to fund infrastructure projects, public entity planners and project teams are consitstently being asked to do more with less. This makes it critical to plan project portfolios intelligently and deliver projects—including maintenance efforts—as efficiently and effectively as possible.
An infrastructure lifecycle management approach to your transportation projects can help improve selection, ensure your portfolio accurately reflects budget and time constraints, and help organizations consistently deliver the right infrastructure projects in the right way.
Transportation lifecycle management.
Lifecycle Management involves three processes:
By adopting a lifecycle management approach, you can streamline project selection and delivery, and create cost savings that allow you to do more—without requiring more budget. But this approach is only effective if organizations can get the needed level of visibility into projects, assets, and resources.
Get lifecycle visibility with EPPM.
Enterprise project portfolio management tools provide a single source of truth across all projects. With the right EPPM solution, public-sector organizations and contractors can optimize and enhance:
Governance to ensure projects are aligned with strategy
Resource management and offer a full graphical analysis of resource and role utilization
Communication and collaboration by offering a single source of truth for your entire project portfolio
Reporting and analytics to help stakeholders make more-informed decisions
Cost management with a central cost sheet that offers granular details on expenses
Cash flow management, and help you forecast final costs
Fund management to ensure visibility of funding against project budgets and spend
Document management, and ensure everyone is working on the latest versions of any document
Contract management, helping you manage all contracts—regardless of type
Change management, to manage cost and schedule changes using approval workflows
GDOT uses Oracle Primavera to monitor project schedules.
Georgia Department of Transportation (GDOT) hosted a webcast at the Oracle Construction and Engineering Virtual Transportation Summit, outlining how it moved from Artemis to Oracle Primavera P6 Enterprise Project Portfolio Management to improve user functionality, resource management, schedule analysis, and project delivery.
Since moving to Oracle Primavera, GDOT has been able to offer its office of program control, environmental services teams, and utilities office a single source of project truth. It has also been able to monitor and manage both traditional projects and design-build projects.
Oracle Primavera P6 continues to help GDOT:
Offer project data and reports to a great number of users across GDOT
Get more-accurate project schedules, giving project managers greater confidence
Deliver more projects on lime and under budget
Improve resource management and efficiency
P6 has improved project delivery for us. We have increased the accuracy of project schedules. This is evidenced by receiving [fewer] project change request forms now than we did six months ago. By modifying the baseline less, we are delivering projects in a more timely fashion, and can provide better planning with regards to authorizing projects.
Jason Crane,
Transportation Scheduler,
Office of Program Control
Georgia Department of Transportation
Learn more about EPPM for travel and transportation projects.
EPPM solutions from Oracle Primavera are helping public-sector organizations transform their approach to travel and transportation infrastructure projects.
To learn more about how Oracle Primavera can help you simplify and enhance your project portfolios.
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