Best of breed functionalities in Project and Portfolio Management space
Guest post by
Rajan Gupta, Senior Consultant - Manufacturing vertical, Consulting & Systems Integration, Infosys
Overview of Oracle Projects core functionality
Oracle Projects is a widely used application in project centric organizations and provides a comprehensive enterprise project management solution. Oracle Projects suite includes modules like Project Costing, Project Billing, Project Resource Management, Project Contracts, Project Manufacturing, Project Management, Project intelligence and Project portfolio. Life cycle of the project starts with bidding of projects, creation of project opportunities, scheduling of activities, assigning resources, budgeting and then execution of the project. Execution of the project includes budgeting of the project, managing deliverables, collecting cost on the project (Time entries by employees working on the project, software & hardware purchase, travel etc.), shipping and generating forecast. Oracle Projects has been undoubtedly the leader in controlling financial and delivery aspects during the execution of the project. Project costing (PJC) and Projects billing (PJB) have always been the Heart of Oracle Projects and are widely used modules. Oracle Projects has standard streamlined interfaces with Financials, Human resources, manufacturing, time and labor engine and supply chain management modules. That makes Oracle Projects a stable application to execute different types of projects in the company.
Why to integrate Oracle Projects with MSP/ Primavera
There has been a prolonged requirement from the businesses to enable integration between project scheduling tools such as Primavera or Microsoft Project Plan (MSP) and Oracle Projects so that entire life cycle of the project right from project creation and scheduling to project execution is streamlined. Advantage of integrating Oracle Projects with either Primavera or MSP is that many companies are already using these applications (Primavera, MSP) for project scheduling purposes and integration can provide these companies an edge by implementing Oracle Projects to achieve financial control on the project. Also for new companies who are planning to implement Project and Portfolio Management solution (PPM) and want to use any of the scheduling tools will provide them flexibility in using best of the breed functionalities in PPM. Though Project Management module in Oracle Projects provides capability to create task structures, resource assignments but lack the scheduling capabilities that Primavera or MSP provides. Integrating Oracle Projects with Primavera or MSP provides companies to use best of breed functionalities provided by these applications.
Available interfaces between Oracle Projects and MSP/ Primavera
Oracle has developed the standard interface to integrate Oracle Projects with MSP and Primavera. Both these interfaces are available in Oracle R12 and 11i FPM. Companies can also develop the custom interface to suit their specific business requirements by utilizing the standard API's provided by Oracle.
In this blog I have discussed the overview of need to integrate Oracle Projects with scheduling tools and in my next blog I will be discussing the integration best practices to streamline PPM solution in a company.