Columbus Regional Airport Authority Cuts Unbudgeted Carryover Costs for Capital Projects by 88% in One Year
- by Melissa Centurio Lopes
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The Columbus Regional
Airport Authority (CRAA) is a public entity that works to connect Central
Ohio with the world. It oversees operations at three airports?Port Columbus
International Airport, Rickenbacker International Airport, and Bolton Field
Airport?and manages the Rickenbacker Inland Port and Foreign Trade Zone #
138. It was created in 2002 through the merger of the Columbus Airport
Authority and Rickenbacker Port Authority. CRAA manages approximately 100
projects annually, including initiatives as diverse as road and runway
construction and maintenance, terminal improvements, construction of a new air
traffic control tower, technology infrastructure development, customer service
projects, and energy conservation programs.
CRAA deployed Oracle’s Primavera P6 Enterprise Project Portfolio Management
to create a unified methodology for scheduling and capital cash flow
management. Today, the organization manages schedules and costs for all of its
capital projects by using Primavera to provide enterprise wide visibility. As a
result, CRAA cut unbudgeted carryover costs from US$24.4 million in 2010 to
US$3.5 million in 2011?an 88% improvement.
"Oracle’s Primavera P6 and Primavera Contract
Management are transforming project management at CRAA. We have enabled
resource-loaded scheduling and expanded visibility into cash flow, which
allowed us to reduce unbudgeted carryover by 88% in a single year.” – Alex
Beaver, Manager, Project Controls Office, Columbus Regional Airport Authority
Challenges
Standardize project planning and
management for the approximately 100 projects?including airport terminal
upgrades to road and runway creation and rehabilitation?that the airport
authority undertakes annually
Improve control over project
scheduling and budgets to reduce unplanned carryover costs from one fiscal
year to the next
Ensure on-time, on-budget
completion of critical infrastructure projects that support the
organization’s mission to connect Central Ohio with the world through its
three airports and inland port
Solutions
· Used Primavera P6
Enterprise Project Portfolio Management to develop a unified methodology for
scheduling and managing capital projects for the airport authority, including
the organization’s largest capital project ever?a five-year runway construction
project
· Gained a single,
consolidated view into the organization’s capital projects and the ability to
drill down into resource-loaded schedules and cash flow, enabling CRAA to take
action earlier to avert the impact of emerging issues?including budget overages
and project delays
· Cut unbudgeted
carryover costs from US$24.4 million in 2010 to US$3.5 million in 2011?an 88%
improvement
Click here
to view all of the solutions.
“Oracle’s Primavera solutions are the
industry standard for project management. They provide robust and proven
functionality that give us the power to effectively schedule and manage budgets
for a wide range of projects, from terminal maintenance, to runway work, to
golf course redesign,” said Alex Beaver, manager, project controls office,
Columbus Regional Airport Authority.
Click here to read the full version of the
customer success story.
