Blog

Earned Schedule – The appropriate upgrade of your EVMS

Now we’ve learned the basics of Earned Value Management calculations (see this blog), it’s time to introduce a new metric to define our project’s health. As you’ve noticed all previous metrics and parameters were either percental (CPI, SPI, TCPI) or monetary/unitary (CV, SV). But what does a schedule variance of € 10.000 tell us? First, a delay expressed in monetary units is somewhat strange. Second, we will show later in this blog post that this metric is subject to a major fallacy. It is to be replaced with a more comprehensive one. Time for a change.

Niels Ligtvoetby Niels Ligtvoet

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Oracle Primavera

Oracle Primavera P6 Enterprise Project Portfolio Management is the most powerful, robust and easy-touse solution for prioritizing, planning, managing and evaluating projects, programs and portfolios. Oracle Primavera P6 EPPM is a cloud based Software as a Service solution backed by a global network of Oracle Project Portfolio Management professionals and the assured security, scalability, performance and support from one of the world’s largest cloud vendors. It provides a 100% web-based, solution for managing projects of any size, adapts to varying levels of complexity across projects and intelligently scales to meet the needs of all roles, functions, or skill levels in your organization and on your project team.

KEY BUSINESS BENEFITS

• Complete cloud based solution backed by the power of Oracle Corporation • Unite project teams and stakeholders through collaboration and strong feedback methods • Reduce the risk of cost and schedule overruns • Optimize management of all resources for maximum ROI • Monitor and visualize project performance vs. plan • Confidently make and keep project commitment

Primavera Risk Analysis

Every project has risks. The organizations that succeed are the ones that plan for those risks— anticipating, mitigating, and providing response and contingency plans for negative events that may or may not occur. Oracle’s Primavera Risk Analysis software provides the tools for doing just this, enabling companies to model risks and analyze the cost and schedule impacts of mitigating them—and, in the process, taking much of the uncertainty out of project and portfolio management. By integrating directly with project schedules as well as cost estimates to model risks and uncertainty, Primavera Risk Analysis provides a full-lifecycle cost and schedule risk analytics solution for the Primavera project portfolio management applications and Microsoft Project. Providing quick and easy techniques for determining contingency and risk response plans as well as a comprehensive means of reporting project confidence levels, Primavera Risk Analysis risk-loads projects through risk registers and risk templates before using Monte Carlo simulation to analyze them. It then provides a variety of reports, such as risk histograms, tornados, and scatter plots, that enable users to easily identify risk drivers before (optionally) publishing the resulting risk-adjusted schedules back into the schedule.

KEY BUSINESS BENEFITS 

• Integrate directly with project schedules and costs • Provide a comprehensive means of reporting project confidence levels • Produce risk analysis reports in a variety of formats • Provide techniques for determining contingency and risk response plans • Confidently make and keep project commitments

Avatarby Lily Balogh

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Buffer vs Float

A Time Buffer is not the same as Total Float

Who owns the float has been a predominant discussion within project controls for decades. And it still is. However, to correctly address this question, the difference between Total Float and Time Contingency (or a time buffer) needs to be fully understood. We hope this blog post will help in clarifying the differences.

Stijn Van de Vonderby Stijn Van de Vonder

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How good is scheduling in Oracle Prime Projects?

The Primaned team has written quite some blog posts about Oracle Prime Projects over the last couple of months. We did not hide that we thought it might very well be the PM tool of the future. Our enthusiasm is based on the comprehensiveness of the tool and its alignment with our vision on integrated project controls. It is so much more than a scheduling engine. When introducing the tool to clients and prospects, the reception is very good and our enthusiasm seems to be shared. However, mainly because of the nature of our client base, there is one thing they all want to know and ask us time and again.

How good is its scheduling compared to my good old Primavera P6?

Stijn Van de Vonderby Stijn Van de Vonder

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Keep your scheduling Lean with Oracle Prime

Introduction
Critical Path Method (CPM) schedules have been ruling the world of projects for a long time. Considering the benefits of CPM, that is quite understandable, isn’t it?

They provide the bigger picture of the project and allow for scenario and what-if-analyses, risk analyses, delay analyses and critical path analyses. They are useful for assessing the resource needs, they provide the team with due dates for ordering long lead items and they allow to include contingencies for risks.

Gert Truyensby Gert Truyens

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Eyes-closed estimating

6 cost forecasting techniques in EVM (EAC/ETC)

Do you feel your budgeting process has failed from the start of your project? Have you learned that you overbudgeted or underbudgeted the activities in your performance measurement baseline (PMB)? Are you willing to take your Earned Value Analysis (EVA) to the next level? Then this is a blog post for you.

Niels Ligtvoetby Niels Ligtvoet

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The surprising usefullness of Level of Effort activities

Activity types: ‘Level of Effort’ and ‘WBS Summary’, what are they and what can they be used for? The first ones are also referred to as ‘Hammock activities’. Doesn’t that have a nice ring to it? This term stems from their appearance as activities ‘hanging’ between two dates. In this blogpost, we will give a quick technical explanation and their most common use, but we’ll also show four situations where they can be surprisingly useful.

Jean-Carl Vandekerckhoveby Jean-Carl Vandekerckhove

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