Product tour—Integrated capital planning and project execution
Improve data flow and visibility between capital planning and project execution teams
Planners can see if their proposed portfolio budget (including up-to-date forecast data from each project) fits within their target budget.
Project managers always have their latest project budget to execute on.
Integrated cash flow management
Connecting capital planning and project execution processes and data is critical to owner organizations' ability to maximize their capital budgets.
Although the information capital planning and project execution teams generate is essential to each other’s success, the two teams often operate in isolation.
Breaking down planning and execution silos
Although the information capital planning and project execution teams generate is essential to each other’s success, the two teams often operate in isolation.
Laura has a company-wide view. She is assessing which projects and programs best align with organizational goals and how to allocate funds most efficiently.
Capital planning
Capital planners look to the future to develop, forecast, and approve budgets for proposed and active projects and programs.
Planners also address changes, finding and allocating funds to projects in need and releasing contingency and reallocating those funds as time periods and risk windows close.
Brian is focused on the success of his project. He needs to bring his team together, maintain the budget and schedule and make tradeoffs that align to organizational goals.
Project execution
Project managers are tasked with orchestrating people, processes, and activities to successfully deliver their projects. As they manage the project budget and schedule while navigating unknowns, project managers must revise budget forecasts based on their cash flow actuals.
By directly sharing data between capital planning and project execution, both the planner and project manager can more effectively do their jobs.
Synchronized data
Synchronizing data benefits both capital planners and project managers—and the organization as a whole.
Capital planners can use actuals to manage current funding and inform future forecasts.
Project managers gain additional insight into planning priorities to inform project decisions.
Bringing together capital planning and project execution processes and data provides up-to-date project estimates, budgets, forecasts, and actuals. Let’s walk through a scenario.
Connected process flows
Bringing together capital planning and project execution processes and data provides up-to-date project estimates, budgets, forecasts, and actuals. Let’s walk through a scenario.
Brian can see that the cashflow actuals on his project have updated his overall forecast. He makes that update accessible for planning to use.
Project cash flow
Brian logs in to his project controls dashboard from the Oracle Smart Construction Platform lobby. He sees that his project cash flow actuals have updated his future project forecast and he will need additional funding to complete his project.
Laura sees that Brian’s project forecast has taken her portfolio over budget.
Capital budgeting
Laura logs in to her capital planning dashboard and sees that the portfolio has exceeded its approved budget. By inspecting forecast changes across projects, she sees that it’s Brian's budget forecast that has increased.
Laura can see the exact amount of Brian’s forecast increase.
Based on the strategic importance of Brian’s project, Laura identifies a low priority project she can put on hold and another project she can push out to the next FY to accommodate the increased forecast on Brian’s project.
The changes Laura makes to other projects results in Brian’s forecast being within his new approved budget.
Balancing allocation
Based on the strategic importance of Brian’s project, Laura determines that Brian’s funding should be increased and identifies a lower-priority future project with enough budget to cover Brian’s increase to put on hold.
Brian is able to access the adjusted budget that Laura has approved.
Brian is relieved to see he has received a budget increase that will allow him to complete his project as planned.
Timely project budget changes
Laura updates Brian’s budget to match his current forecast. Brian sees his new budget and is able to continue with his project without interruption.
Cashflow data exchange supports any process. Here is a simple example.
Integrated capital planning and project management
The connected flow of information between capital planning and project execution ensures visibility and insight, empowering both teams to make better strategic decisions to support the overall capital program, the owner organization, and the constituents they serve.
By integrating cashflow management across portfolio planning and project execution, you can connect traditionally siloed teams, synchronize the associated data and empower professionals to make informed decisions.
Benefits of integrated planning and execution
Connect teams and synchronize data to speed up processes, inform decisions, and take timely action.
Improve your ROI and maximize your capital budget with Oracle’s integrated capital planning and project execution solution.
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