Product tour—project and portfolio management
Maximize capital budgets using project and portfolio management
To maximize capital budgets, owners need to optimize their overall portfolio and every project within that portfolio.
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Plan
Align projects to organizational goals
- Standard project selection processes
- Leverage past and present project data to inform decisions
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Build
Ensure successful project execution
- Consistent systems and processes
- Assurance over data ownership and full and consistent project records
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Operate
Enable timely operational readiness and efficient operations & maintenance
- Projects closed out completely and on-time
- Hnadover of consistent and full project records to support operations and maintenance
Project- and portfolio-level management
To maximize capital budgets, owners need to optimise their overall portfolio and every project within that portfolio by effectively managing project prioritization and budgeting—throughout operations and maintenance all the way to project execution.
Oracle Smart Construction Platform can help synchronise project and portfolio activities, resources, data, and teams throughout the project and asset lifecycle.
In the planning phase, align projects to organizational goals and leverage relevant past and current project data to select projects and develop their budgets.
Project prioritization and selection
In the planning phase, you can align projects to organizational goals and leverage relevant past and current project data to select projects and develop their budgets.
Implementing processes and systems across the organization helps ensure consistency across the entire capital portfolio.
Once a project is selected and budgeted, companywide standards and flexible system templates get your project and team up and running quickly.
Create templates at the organization or division level, then customize them to meet project-specific needs.
Get your project up and running
Companywide standards and flexible system templates get your project and team up and running quickly.
Owners benefit from having contractors across their projects using a consistent system that supports project-to-project learning and allows team member movement from project to project.
Throughout project execution, bring together cross-organizational teams with easily configurable drag-and-drop workflows to manage all project and program review cycles.
Cross-organization collaboration
Most project teams consist of many different organizations. Efficient communication and collaboration across organizations are critical to project success.
Oracle Aconex provides secure access to each party, driving trust and adoption and supporting the development of a complete project record.
Cross-organization workflows can be easily customised to meet all review cycle needs, reducing approval delays and helping to keep projects on track.
Metadata-based search functionality lets team members quickly find what they need with the confidence that it’s the correct version.
Vast amount of project data
Projects generate a huge amount of data, which if managed effectively, can be the project's and owner's greatest asset.
Oracle Aconex metadata-based data management and search functionality lets you tag files to multiple categories, helping you find what you need quickly and easily. The data ownership model gives each organization ownership of their own data and helps protect the owner from data loss.
Being able to access the rich model data benefits the entire project team, including the owner.
Model management
Project data includes the rich details from the building information models. With Oracle Aconex model management, all parties can access and interact with the model without the need for authoring software.
You don’t have to be on the design team to access the model. Other team members, including the owner organization, can view and manipulate the model, reducing owner-initiated changes and helping inform decisions throughout the life of the asset.
When various contractors use different solutions to manage your projects, you end up with inconsistent project data, which hinders project-to-project learning and leaves you without consistent data to support operations and maintenance.
When all your projects use the same solution, you have consistent data in consistent formats to support project-to-project learning, improve the accuracy of portfolio reporting, and help ensure data consistency for the handover to operations.
Visibility into project and portfolio health
Visibility into project- and portfolio-level status helps you make timely, informed decisions and actions that can prevent expensive course corrections and rework.
Although they are related, portfolio and project-level management have different needs, and owners need processes and tools to support each.
Enterprisewide portfolio-level management tracks corporate agreements, controls the schedule of values against cost processes, aligns budgets to commits to actuals, and provides cash flow visibility across your portfolio.
Enterprisewide cost and contract management
At the portfolio level, owners need to have consistent visibility across all projects to track planned budgets against actuals and feed that information back into the planning process, adjust forecasts, release contingency, and leverage companywide contracting.
At the portfolio level, owners need to have consistent visibility across all projects to track planned budgets against actuals and feed that information back into the planning process, adjust forecasts, release contingency, and leverage companywide contracting.
A centralized cross-project risk register increases assurance and control by providing access to all relevant team members. Receive proactive alerts so you can act before your project is impacted. Quantify risk and track by date so you can release funds as risk windows close.
Holistic view of risk
Primavera Unifier provides cross-project risk management. Broad access to the risk register enables more risks to be captured, quantified, and learned from to help your future projects.
This automated tracking allows contingency to be released and reallocated in a timely manner once a risk window has closed.
Use consistent lessons learned business processes to capture data and continuously improve from project to project.
Use preconfigured, flexible templates to get your projects up and running quickly and efficiently.
Project-to-project improvement
By standardising on project- and portfolio-level management solutions, owners can use lessons learned processes to continuously improve. Jump-start your setup with flexible templates while implementing learnings from past projects.
Maximize your capital budget using project- and portfolio-level management.
Owners can’t truly maximize their capital budgets without having cross-project oversight and control and assurance over each project.
- Increase alignment between project selection and organizational goals
- Improve cross-organization collaboration
- Assure data access and ownership to create a full project record
Project- and portfolio-level management
Project- and portfolio-level management require different, yet complementary capabilities. With Oracle Smart Construction Platform, owners are able to gain the functionality needed for themselves and their project teams to maximize capital budgets across their portfolios.
Learn more about Oracle project and portfolio-level management solutions