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By Alison Weiss
Whether building
petrochemical facilities in the Middle East or managing mining operations in
Australia, project managers face significant challenges. Local regulations and
currencies, contingent labor, hybrid public/private funding sources, and more
threaten project budgets and schedules.
According to Mike
Sicilia, senior vice president and general manager for the Oracle Primavera Global Business Unit,
there will be trillions of dollars invested in industrial projects around the
globe between 2012 and 2016. But even with so much at stake, project leads
don’t always have time to look for new and better enterprise project portfolio
management (EPPM) software solutions to manage large-scale capital initiatives
across the enterprise.
Oracle’s recent
acquisition of Skire, a leading provider of capital program management and
facilities management applications available both in the cloud and on premises,
gives customers outstanding new EPPM options. By combining Skire’s cloud-based
solutions for managing capital projects, real estate, and facilities with
Oracle’s Primavera EPPM solutions, project managers can quickly get a solution
running that is interoperable across an extended enterprise.
Staff can access the EPPM solution within
days, rather than waiting for corporate IT to put technology in
place.
“Staff can access
the EPPM solution within days, rather than waiting for corporate IT to put
technology in place,” says Sicilia.
This applies to a
problem that has, according to Sicilia, bedeviled project managers for decades:
extending EPPM functionality into the field. Frequently, large-scale projects
are remotely located, and the lack of communications and IT infrastructure
threatened the accuracy of project reporting and scheduling.
Read the full version of this article in the November 2012
edition of Oracle's Profit Magazine: Special Report on Project
Management
