5 WAYS HOW ORACLE PRIMAVERA P6 CAN HELP YOUR BUSINESS GROW

Introduction

Oracle Primavera P6 provides crucial end-to-end project and program management solutions designed to help business manage their challenges in the construction and engineering industry.

Businesses, whether small or large, need an easy and more manageable way to be executed. As the business continues to grow, and the pipeline of ongoing projects increases, it’s become more difficult and cumbersome to manage all the projects at the same time. It’s highly recommended to use Primavera P6 Enterprise and portfolio management software. This software allows a business to get streamlined and become easily manageable.
When we need to work on a more complex project having multiple dimensions, it’s essential to manage all the aspects of the project in a more synchronized manner. Examples are: have you performed the procurement process for all the equipment of the project? When is the delivery date of each of the equipment that will be linked to the relevant physical construction activity? Have you completed the paperwork for all the permit requirements from the government entities? Have the resources adequately planned for the upcoming project task? To answer all those questions and more, you need Primavera P6. Here are the top five reasons, utilizing Oracle Primavera P6 is essential for your business to groom and grow.

Keep Track of Resources

When an organization and business expand, it’s more demanding to have proper access to and record of the inventories. Keeping a record of the resources and checklist helps in the proper management of upcoming and future projects where these resources are required that are laid off from the current project.

Resources are the lifeline of projects and businesses. Therefore, proper planning of the inventory and resources is mandatory. Primavera P6 can help to balance resources. The projects will be executed in a timely and synchronized fashion without the annoyance of a lack of resources. Productivity can be increased by placing proper resources for the specified job,

Estimate to Completion

Most of the projects in the engineering and construction industry are delayed due to multiple issues, some of them are errors, low productivity, and improper utilization of resources. Through Primavera P6, all the project members can have access to the construction schedule, which will help reduce errors caused by miscommunication and better understand the key project milestones, thus the whole team struggles for the common objectives in a more rationalized way.

Through more advanced visualization options, business management can better understand the project’s flow, the current project’s progress, the required resources, and the upcoming project milestones. Over-allocation of resources can be avoided which is a source of budget overruns.

Complex projects with 1000 activities to 100,000 activities can be managed and easily presented through Primavera P6 in an optimal way.

Keep the Business transparent

Transparency is one of the key benefits your organization can get through the optimized use of Primavera P6. Assigning an approved baseline budget/cost to the project activities will have low chances of overheads and cost overruns. You can save costs in your projects and ultimately benefit the organization. Many companies report having come under budget in their projects. Track your costs through Primavera P6 which will help you stay or even come low on your budget, thus satisfying both you and your customer

Furthermore, any changes that go through a Change management system will be uploaded into the program in Primavera P6 by prior approval of the management that keeps transparency at the top.

Risk Understanding & Mitigation

Companies have lost millions of Dollars in unplanned risks that could have been identified earlier in the project and a proper solution could have been made at the start. Primavera P6 provides an integrated Risk management system that identifies and quantifies risks in your projects. Then a responsible risk manager is assigned after doing a qualitative risk analysis.

After qualitative risk analysis, mitigation plans are prepared for the high-impact risks by allocating the resources and money to counter the risk if the risk actualizes. Risk mitigation plans need to be reviewed on a regular basis and updated accordingly as the project progresses. Saving your projects from risks will enable your projects’ guaranteed success and business.

Better Cost Control

Integrating the project cost with the project schedule will have a truly beneficial impact on your projects. Primavera helps business owners and project managers access the cost management aspect of projects anywhere through a cloud-based system. Primavera provides a clear and more understandable view of the cost in a graphical presentation that will save time for busy businessmen. Key performance indicators will provide an accurate overview of the project costs and timely decisions can be taken to keep the project on track. Top Management and business owners can never be cheated through conservative methods of presentations anymore. Primavera P6 has the advantage to generate a program-level cost worksheet that spontaneously gathers and summarizes cost details.

Summary

Oracle Primavera P6 provides the leverage to optimize your business and projects properly. It also helps standardize your business processes and practices across the projects, creating more collaboration and straightforwardness. Every organization must employ this software to reduce risks, cost overruns, and mismanagement of resources, and optimize transparency. Enhance your business success through the proper use of Oracle Primavera P6. You can set up a free consultation meeting with the Leopard Project Controls team to implement Oracle Primavera P6 in your organization.