What is Primavera?

Primavera P6 Enterprise Project Portfolio Management (EPPM) can function as a planning, scheduling, budget and resource management software that enables organizations to make informed decisions and improve their ability to deliver projects on time and under allocated budget.

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History of Primavera

The original company´s name was Primavera Systems and was established in 1983 by Joel Koppleman and Dick Faris in Philadelphia, USA. In 1998, the software system started to develop into a server-based approach that allowed Primavera to act as a portfolio system. This started the split into two versions of the software

• One is a standalone version of the software that is typically used by a single power user on a project or small portfolio of projects.
• The second is an enterprise portfolio system that allows Primavera to be used throughout organisations to manage programs of projects.

In 2008, Oracle bought Primavera, turning it into the Primavera Global Business Unit. Oracle is the market leader in enterprise accounting and finance-based systems and Primavera P6 has been developed to better fit into this environment. These developments have further consolidated Primavera P6’s position in the world’s largest pharmaceutical, oil and gas, refinery, infrastructure clients and engineering suppliers.

Why Primavera

• Primavera is a Portfolio Management Software
• Primavera is a Program Management Software
• Primavera is a Project Management Software

Primavera deals with Portfolio, Program & Program Management Software Where as Other Software deals with Project Management Only.

• Group of Projects is called as Programs
• Group of Programs is called as Portfolio

Benefits of Using Primavera P6 EPPM

Primavera P6 reduces errors and risks

When your schedule has inconsistencies, errors, or overrun issues, project expenses will grow. This could mean cutting more vital aspects of the project to compensate for the excess costs. Using Primavera P6 helps identify and mitigate risks while planning, managing, and completing a project.

Easy to Use Software

Although Primavera P6 provides complex analysis and processes; access and management of schedule remains simple. The information has simply to be provided as input and the awaited for the software to determine any existing problems.

Optimized Resources

Careful monitoring of the resource availability to all users and adjustment of resources to meet project demands is enabled. Further, the software can minimize resource cost by analyzing the resource trends.

Enhanced Visibility

Since Primavera P6 allows the data to be entered as inputs, analyzed as well as tracked at a single location, it is ensured that the project does not pose any sort of violations. All the regions are easily accessible to the user and no margin of error is provided to undergo any regulatory violation.

Forecasting of Project Activities

While the project evolves, additional resources, activities and tasks may be required to meet the stakeholder requirements. With due consideration to all demands, Primavera P6 enables project managers to create forecasts for the resources and other needs.

Tracking Features

This feature allows all users to generate project report, ensure the completion of the project as requested and maintain suitable baseline adherence.

Enhanced Communication

While some projects may require a larger geographical area, substantial number of workers and different parties, Primavera P6 enables the executive staff to establish communication with other workers and project managers easily. It enables note creation for all schedules to ensure its access to all the users.

Improved Collaboration

With the advent of enhanced communication throughout the project, improved collaboration is also enabled for large span projects so that other departments and parties may also involve and work simultaneously. For example, energy production projects may require collaboration between many different parties. Gives Employees Responsibility in Schedule Creation Scheduling and planning processes are simplified by granting schedule access to all users. Workers may also be allowed to create additional schedules within the software from their existing location. Workers may also make schedule requests, turn in timesheets and perform other functions with respect to the projects schedule.

Breakdown Complex Projects

For mega-projects, the size of the project may be overwhelming and substantially complicated. Oracle Primavera P6 enables the project managers to breakdown such large projects into smaller, achievable tasks and activities which would ultimately result in the total completion of the project.

Ease of Access

The user accessing Primavera P6 EPPM can efficiently carry out scheduling and update the activities from anyplace by logging in the portfolio and accessing the project. The user can create and send reports efficiently and hence P6 EPPM is a user-friendly interface.

Read More

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• Primavera P6 EPPM vs PPM Differences