Project cost management a simplified approach ppt - Oracle Primavera Collaborate 14
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This document provides an overview and agenda for a presentation on integrating ERP and Primavera Unifier to track and manage project costs. The presentation discusses how cost overruns occur for projects and proposes an approach to integrate different systems like ERP, Primavera P6, and Unifier to provide a holistic view of project costs and simplify cost management. It demonstrates integrating these systems for activities like resource management, project scheduling and budgeting, procurement, and cost monitoring and control. The integration is intended to improve transparency, accountability, and communication for managing projects profitably.
Project cost management a simplified approach ppt - Oracle Primavera Collaborate 14
- 1. REMINDER Check in on the COLLABORATE mobile app Project Cost Management: A Simplified Approach Prepared by: Mangesh More Primavera Practice L&T Infotech Integrating ERP & Unifier to track & manage budgets, commitments, spends, and forecasts Session ID#: 15424
- 2. Presenter Info Mangesh More is Primavera Sr. Project Manager and leads the Primavera Practice in L&T Infotech. He has over 15 years of experience managing projects. He has worked with Fortune 500 clients in UK, USA and India. Last 2 years he has been instrumental in establishing the Primavera Practice in L&T Infotech.
- 3. About L&T Infotech L&T Infotech is a100% subsidiary of Larsen &Toubro, the multi- billion USD engineering, manufacturing & financial services organization with global operations. We offer comprehensive, end-to-end technology services & solutions to leading companies across the globe. We provide the winning edge to our clients by leveraging our Business-to-IT Connect and Deeply Committed People.
- 4. Agenda ■ Reasons for Cost Overrun ■ Proposed Approach ■ Demo ■ Conclusion
- 5. Reasons for Project Costs Overrun
- 6. Reasons for Project Costs Overrun Cost Overrun Inaccurate Estimation Poor Decision Making Resource status Procurement Delays Communication Gap
- 7. Project Related Systems ERP EAM Contract Mgmt Invoicing Resource Mgmt Cost management Project Scheduling System Reporting System Cost management List Goes on….. Different Systems which are isolated, one view of project is very tedius Different Users have different perspective of project status Result: Difficult to get holistic Cost view
- 8. What Needs To Be Done ■ Balance cost, quality, and time. ■ Enhance transparency & accountability ■ Compréhensive Document management ■ Improve Project based Communication ■ Improve Contract Management
- 9. How Can It Be Done : Our Approach ■ Integrate FMS & Cost Management with Primavera ■ Define Best Approach to Manage Cost ■ Analyse Project Progress data using Analytics ■ Integrated Document Management System.
- 10. Solution Map: P6, Unifier, ERP
- 11. Benefits ■ Keep track of all changes that may affect the budget or contract ■ Monitor Actuals & forecast ■ Easily manage Project cost ■ Easy management of Contractor’s billing and payments
- 12. Demo
- 13. Resource Masters Integration ERP/HR Systems Oracle Primavera P6 ■ Synchronize Resource Master ▪ Labor, Materials, Equipment ■ Synchronize Calendars ■ Synchronize Cost Structure
- 14. Project Approval Process: Unifier to ERP After approval in unifier, project is created in SAP
- 15. Project WBS Creation: ERP to P6 Project created in ERP Project created in Primavera using Gateway SAP Controls the financial aspect while P6 will be majorly used for planning
- 16. Detailed Project Schedule Planning • Detailed project planning in Primavera • Create activities, defined dates, and relationships • Resource scheduling and resource leveling
- 17. Linking CBS and WBS: P6 & Unifier Project schedule is sent to Unifier for cost breakdown. It can also be done in unifier
- 18. Procurement: ERP to Unifier • Requisition raised in Unifier • Po created in ERP and same data gets generated in Unifier
- 19. Cost Monitoring in Unifier & ERP Monitor costs, expenses & actuals
- 20. PO Amendment Workflow: Unifier-ERP
- 21. Bid Process: Vendor Bid Invitation
- 22. Unifier Cost Sheet for Cost Control Cost Sheet Showing Project Budget Data Against Individual Cost Code
- 24. Unifier Cost Control Dashboard
- 25. Cash Flow Curves
- 26. Visibility: Analytics Dashboards (Custom) ■ Out of box Report ■ Tailor-made Reports ■ Industry Packs ▪ Oil&Gas, Utilities, E&C Earned Value Analysis S-Curve Labor Units
- 27. Portfolio View in Unifier
- 28. Conclusion
- 29. Conclusion ■ Use project resources effectively ■ Track what project teams are focusing on ■ Prioritize those efforts ■ Collaborate in a fully informed way ■ Manage project in alignment with overall business strategy ■ Review and prioritize organization-wide projects ■ Consolidated reports (Budget, Actuals, Commitments, ETC) ■ Manage Projects Profitably Proposed Approach will enable Organizations to
- 30. Collaboration: Integration Packs ■ Custom based integration ■ PIP Packs for JDE ■ Primavera Gateway based provider in process ▪ Design and development enterprise business flows. ▪ Customized Integration scenarios ■ Integration using Oracle PIPs packs ■ Integrate Financial Plans or Workplans/ Work breakdown structure ■ Capture actual costs in Oracle and send to Primavera ■ Automated synchronization “Integrate JDE” Packs EBS Integration
- 31. Collaboration: Integration Packs ■ SAP integrates with Primavera using Gateway ■ Oracle SAP Provider works as an adapter for Oracle Primavera Gateway to communicate with SAP ■ Real time integration of enterprise transactions related to materials, costs, and resources ■ Integration with PeopleSoft Enterprise Service Automation (ESA) ■ Timesheet import from Primavera P6 and hours worked export from PeopleSoft ■ Fusion Middleware (FMW) is also available for PeopleSoft - Primavera SAP Integration HR Integration
- 32. Collaboration: Integration Packs ■ Data Migration Utility ■ Migration Methodology ■ Database Upgrade ■ Migrate Data from disparate systems ■ P6 pre-integrated Excel tools ■ Project Initiation Business Process to be triggered from unifier and created in Primavera ■ User access request, business process to P6 User creation. ■ Project Baseline request business process to P6 Project Baseline Creation “Easy Migration” Packs Custom Business Processes
- 33. Please complete the session evaluation We appreciate your feedback and insight You may complete the session evaluation either on paper or online via the mobile app