Enterprise Projects Performance: Going Beyond Project Controls by "Mark White"at Project Controls Expo 2017, Arsenal Stadium, London
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The document discusses the importance of enterprise project performance, highlighting issues such as high cost overruns and inefficiencies in the construction industry. It introduces Ecosys as a solution that integrates project controls, portfolio management, and contract management to enhance visibility and predictability across project lifecycles. Additionally, the document outlines the features of Ecosys, including automation, real-time analytics, and mobile app integration, demonstrating its role in maximizing project returns.
Enterprise Projects Performance: Going Beyond Project Controls by "Mark White"at Project Controls Expo 2017, Arsenal Stadium, London
- 1. Copyright @ 2011. All rights reserved Enterprise Projects Performance: Going Beyond Project Controls Project Controls Expo – 17th Nov 2017 Emirates Stadium, London Mark White – SVP, EcoSys Global Business Development
- 2. Copyright @ 2011. All rights reserved Market Leadership Business Momentum Loyal & Growing Customer Base • EcoSys founders were the original developers of Primavera P6 • First to market and industry leader in enterprise project controls • Deep portfolio & project management expertise • Largest user adoption in project controls industry • Global presence – users in 20+ countries • A part of Hexagon PPM (formerly Intergraph Process Power & Marine) since 2015. • 500+ clients globally • Strong partnerships: SAP, Oracle, SAP, Microsoft, Accenture, IBM, and more EcoSys Overview
- 3. Copyright @ 2011. All rights reserved Global Customers from Across Industries TransportationTransportation UtilitiesUtilitiesEngineering & ConstructionEngineering & Construction MiningMining Oil, Gas & ChemicalsOil, Gas & Chemicals Aerospace & DefenseAerospace & Defense
- 5. Copyright @ 2011. All rights reserved <6% of projects deliver planned financial returns 98% of megaprojects see cost overruns greater than 30 percent Construction Industry Institute McKinsey: The Construction Productivity Imperative Projects out of Control
- 6. Copyright @ 2011. All rights reserved Average megaproject cost overrun: 80% Average megaproject schedule slippage: 20 months Budgeted Overrun McKinsey: The Construction Productivity Imperative Projects out of Control
- 7. Copyright @ 2011. All rights reserved Information Silos ? PREDICTABILITY & CONTROL Estimates Budgets ProcurementAccounting $ ENTERPRISE PROJECTS PERFORMANCE INTEGRATED = SHARED DATA Forecasts Changes ProgressSchedule Construction Resources Engineering Collaboration
- 10. Copyright @ 2011. All rights reserved Knowledge Retention vs Aging Workforce • Expertise is disappearing • Project management teams losing institutional knowledge • Skillsets are becoming outdated
- 14. Copyright @ 2011. All rights reserved How to Achieve Enterprise Projects Performance?
- 15. Copyright @ 2011. All rights reserved Compounding The Problem • Projects and capital spending are long term • Changes in market conditions occur in the interim: • Volatility in commodity prices • Change in workforce composition • Increase in interest rates • Rapid currency shifts • Changes in political climate (regulation, instability) • Natural disasters • How can organizations address the inherent problem of change?
- 16. Copyright @ 2011. All rights reserved Enterprise Projects Performance Across the Digital Lifecycle • Proper prioritization, selection, and management of project portfolios from inception through execution to close out; • Controlling projects and contracts through standardization based on best practices; • Real‐time decision analytics, increasing visibility into forecasts and trends, including drill‐down into underlying causes
- 17. Copyright @ 2011. All rights reserved Expands Perspective Demands Visibility Commands Action GOAL: Maximize Returns and Margins across Digital Lifecycle Enterprise Projects Performance
- 19. Copyright @ 2011. All rights reserved Enterprise Projects Performance Project Portfolio Management Project Controls Contract Management An Integrated System of Three Disciplines
- 20. Copyright @ 2011. All rights reserved ? PREDICTABILITY & CONTROL Estimates Budgets ProcurementAccounting $ ENTERPRISE PROJECTS PERFORMANCE INTEGRATED = SHARED DATA Forecasts Changes ProgressSchedule Construction Resources Breaking Down Silos Engineering Collaboration
- 21. Copyright @ 2011. All rights reserved Technology’s Role in Achieving Enterprise Projects Performance • Integrate critical sources of data • Greater efficiency and effectiveness through automation • Provide visibility into program performance across an enterprise • Structure for defining and enforcing standards and best practices • Predict outcomes and inform corrective action
- 23. Copyright @ 2011. All rights reserved Enterprise Projects Performance • Capital Planning • Funding • Scoring and Prioritization • Stage Gates Workflow • Portfolio Project Selection • Resource Management • Program Management • Benchmarking and Parametric Estimating • Organizational Budgeting • Estimating and Budgeting • Changes and Trends • Commitments and Actuals • Progress and Earned Value • Stage Gates Workflow • Risk Management • Forecasting • Cash Flows • Currency Management • Contract Cost Control • Contract Change Control • Requests for Information (RFIs) • Submittals and Transmittals • Payment Applications • Safety Items • Punch Lists • Meeting Minutes • Lessons Learned
- 24. Copyright @ 2011. All rights reserved Enterprise Projects Performance • Uniquely, all three EcoSys products are accessed from the same web browser, fully integrated on one database, sharing common features like: • Enterprise Data Structures: portfolios, programs, projects, contracts, WBS, CBS, etc. • Configurable Business Intelligence (BI): dashboards, screens, spreadsheets and charts, each with drill down capabilities • Configurable Processes: screens, spreadsheets, forms and workflows • Flexible Integration APIs and Adapters: supporting data exchange with many ERPs and project systems • Mobile Apps: fully integrated configurable apps for iOS and Android devices
- 25. Copyright @ 2011. All rights reserved Portfolio Management Project Controls Estimating and Benchmarking Contract Management Business Intelligence Historical Performance WBS & WBS Status Budget / Planned Costs Projects/WBS Dates Resource‐loading (units & costs) ‐ Baseline ‐ Current ‐ Remaining Activities Resources Codes (activity, resource, project) Percent Complete Projects WBS/Activity Networks Actual Costs Timesheets Commitments Other Systems Fully Integrated Project Data
- 26. Copyright @ 2011. All rights reserved New Features of EcoSys Version 8 • Revamped GUI – cleaner, modern look and feel • New Gantt Charts – this new Gantt chart has more aesthetic appeal and offers additional functionality • New Dashboards dimension allowing for a single dashboard with multiple dynamic panels and ability to scroll throughout the page • Enhancements to Charts, Forms, and Reports • Additional options for management and automation of security • Performance enhancements
- 29. Copyright @ 2011. All rights reserved CloudOn‐Premise Flexible Software Deployment Methods Methods
- 30. Copyright @ 2011. All rights reserved Native Integrations Between Intergraph Smart® Products and EcoSys™ Begin Rollout ROADMAP: • Available today – Integration of Intergraph Smart Materials and EcoSys • Inclusive of requisitions, orders impacting budgets and commitments, actual expenditures based on approved invoices • Q1 2018 – Integration of Intergraph Smart Construction and EcoSys • Scheduled or on‐demand field progress updates • June 2018 – Integration of Intergraph Smart 3D and EcoSys • Model progress feeding into project controls – an exciting new paradigm for the industry!