Leveraging Fusion Business Process Model Methodology in Project Portfolio Management (PPM)
Guest post by
Sandeep Suresh Deshpande, Principal Consultant, Infosys
In today's world, business is exposed to a constantly changing environment where organizations face the most challenging situations -
- Information silos across the value chain
- Parallel processing amongst distributed systems
- Mismatched products to support complex end-to-end business processes
- Complex and long-running projects
- Real-time project consolidation and budgeting
Oracle has done an extensive internal and external research, took the best practices from Oracle E-Business Suite, Oracle PeopleSoft, Oracle JD Edwards, Oracle Siebel and all other acquisitions to come up with a number of industry business process areas with multiple levels of decomposition. These world class business processes can be leveraged to deliver in the complex and challenging environment.
The business process model consists of multiple levels which are numbered as L0, L1, L2, L3 and L4. The top Level 0 is industry level. So that's all of the business process areas for a given industry. Level 1 is the business process area. It includes all of the business processes for that business process area. Level 2 is the business process, and includes all the activities for that business process. The Level 3 activity is a logical level.
Level 4 tasks on the respective activity models are associated with application functions, which represent the physical parts within the application.
Oracle Fusion Project Portfolio Management business process model is a result of such extensive research, which brings to you the best in class Project Management business processes. These business processes equip you to put in place the appropriate project governance structure so as to ensure a better project success and business success.
The Oracle Project Portfolio Management Business Process Area (L1) is a collection of several Project Management Business Processes (L2) which consist of functional areas viz. project initiation, project planning, project execution, project control, managing project cost, managing project resources, analyzing projects, managing multiple projects and programs in a portfolio, managing project contracts and finally closing a project.
Each of the business process at the L2 level has a set of logical activities which are categorized as L3 activities for the respective business process. To elaborate this further, the Control Project business process performs a set of logical activities viz. Managing Project Forecast, Managing Project Performance and Tracking the Project Progress. Each of these L3 activities is finally associated with Fusion PPM functionality to be performed physically within the applications, which are represented as L4 tasks.
Thus, Application and Process Leadership of Oracle Fusion's PPM Business Process Model brings to the table below mentioned and many more business benefits -
Solution that automates and streamlines all of the processes around PPM function
Comprehensive and near real-time view of projects, the project health and its performance
Unified project planning, resourcing, project control and financial management in a single repository with 3600 view to all the stakeholders
Detailed project analysis based on pre-delivered industry best KPIs
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