Portfolio Management – what’s with all the fuss?

2018 has been the year of the Portfolio, as the gentle murmurs of 2017, about the essential need for effective Portfolio Management inside capital intensive companies and industries, became both acknowledged, and an expected standard for corporations operating large cash projects, and showing moderate maturity.

We’ve reached peak project management, and room for discussion is limited. 

Agile vs Waterfall.

On-time and to budget. 

Buzzword after buzzword.

It goes without saying, that effective Project Management is vital. To both the success of the individual projects, but also to the company, and therefore to members of the public. If drug makers consistently fail to create new medication, and road builders leave us with unfinished roads, people will suffer. So there’s no denying Project Management is a vital component of the world we live in.

But shouldn’t we now be looking at something new, after all, we’ve drilled down on Project Management, distilled it. Extracted the best methodologies and software products. Turned it into an art – and it’s safe to say we’re pretty good at it.

But that doesn’t mean we should stop there. That doesn’t mean we should stop refining our approach as Project, Programme, and Portfolio Management professionals.

We should all be zooming out. Striving to achieve a birds-eye view of not just one, but all of our projects. Trying to understand how they all operate within the ecosystem of the company or corporation. Understanding how that can work together synergistically to achieve better results across all projects.

You wouldn’t drive your car without first checking the warning lights, so why would you embark on a Project before checking on the Portfolio?

Effective Portfolio Management is about understanding your organisation, and what it’s trying to achieve. Portfolio Managers, using dedicated Portfolio Management Software are able to manage the broader direction and activities of any given organisation, more effectively than a team of Project Managers alone. 

The magic of Portfolio Management, is in the deciding of which Projects should go ahead, and which should be canned. Studies suggest around $98M of every $1B spent on projects in 2018 was wasted, or ‘dead’ money. One way to avoid spending money on projects doomed to fail, is to not select them in the first place – something made much easier through the implementation of Portfolio Management – something we do very well here at Hyde Park Solutions.

Furthermore, Projects become unviable at different times. Sometimes it’s clear from the onset certain Projects should not have been started. Other-times Projects only become an issue midway through. It’s vital that poor projects are not forced through the finish line just for the sake of being able to say, ‘we did it!’

Whats important is having tools in place to identify and flag lagging, ineffective, money draining projects that need to be stopped – at all stages of the Project’s lifecycle. Portfolio Management makes this possible.

Remember also, a completed Project that delivers it’s intended benefits is still a failure if the money spent could have been utilised on a different Project with greater returns – whatever they may be.

Here at Hyde Park Solutions, we believe in the power of Projects, and Portfolios. We believe these two principles and crafts should go hand in hand in creating a strong, sustainable company, with longterm ambition.

Hyde Park Solutions are the leaders in Project and Portfolio Management solutions – from conceptual design, to system installation, training, and ongoing 24/7 support.

For an informal discussion with one of our PPM consultants, and to see how effective Project and Portfolio Management could transform your business, contact us here.

Hyde Park Solutions secure two new Unifier Projects

Hyde Park Solutions secures two projects based on Primavera Unifier FastTrack accelerated.

Chicago, Illinois. 18 October 2018.

Hyde Park Solutions (HPS) announced today the commencement of two Primavera Unifier projects based on HPS FastTrack.  FastTrack deployments are underway with an EPC client in the USA, and an Energy company in the Middle East. Both are expected to launch in November 2018.

Starting under USD 55,000, FastTrack streamlines design, deployment, and enablement of Unifier-based deployments.

FastTrack combines a proven methodology, design/deployment toolkit, and training with an enhanced Unifier library to deploy fully functional and extensible Unifier solutions. FastTrack solutions manage all aspects of project controls including cost, contracts, and collaboration.

“We built FastTrack to accommodate clients with low budgets or tight schedules, but it works equally well as a hands-on prototype.” Andrew Ross – HPS CEO.

FastTrack benefits include:

  1. Accelerated Deployment. Fully functional project controls base solution.
  2. Practice improvement. Modeled on industry best practices.
  3. Cloud or On-Premise. 100% Compatible with Unifier 18.x (Cloud) or 18.x (On-Premise).
  4. Extensible and Scalable. Designed to grow –later enhance with more functionality, reports, automations, or utilities.

Contact HPS today for more information or to schedule a FastTrack Test Drive.

About Hyde Park Solutions

Hyde Park Solutions is the global leader in Project Portfolio Management, with Project Management, Project Controls and Portfolio Management teams based in EMEA, USA and India.  With over 10 years experience in the industry, Hyde Park Solutions has consolidated its Oracle Primavera product and industry knowledge, whilst simultaneously applying our expertise to solve our clients complex Enterprise Project Portfolio management questions.

Women in Project Management – Ashwini Khaire – WiPM

As the proud sponsors of both the ‘Empowering Self’ stream, and drinks reception at the 2018 APM National Conference for Women in Project Management, Hyde Park Solutions would like to highlight the profiles of our very own exceptional women working within the Project & Portfolio Management Field.

This week, meet Ashwini Khaire – one of our Consultants here at HPS.

Having completed a BTech in Computer Science and Engineering, Ashwini decided to enter the software and Project Management field. Ashwini currently works within our Unifier, P6, and Gateway Practice.

Ashwini started her career with Pronovo in 2016 – before being brought into the HPS team as part of Hyde Parks Solutions acquisition of ProNovo.

I enjoy working on projects as a Project Implementation Lead. My role is to gather requirements by interacting with clients, and in doing so determining their required build specifications. I then build the Unifier solution, Test the solution, and implement relevant support systems where required. I have been lucky enough to work with clients from all over the world – including clients from Australia and Qatar. 

Ashwini has successfully achieved the following accreditations. 

1. Primavera Unifier 9 Implementation Consultant

2. Oracle Primavera Cloud Service 2017 PreSales Specialist

3. Oracle Primavera Cloud Service 2017 Sales Specialist

4. Oracle Primavera Unifier Cloud Service 2016 Sales Specialist

Ashwini lives in Pune, India. Ashwini is an artist, and enjoys hairstyling, craft making, nail art, and photography. Ashwini also runs a growing facebook and instagram page for her crafts and other artistic endeavours.

For more articles follow our newsletter here.

We’d be delighted to receive any Oracle Primavera queries. Simply contact us here. 

 

Is the PMO approaching its sell by date?

Project Management Office PMO

Organisations undertake projects to gain some strategic advantage, create new products, develop new markets or deliver some form of efficiency in the way the organisation operates. Investment projects will have had a compelling business case (that’s guaranteed), setting out the reason why we are investing X and expect to get Y in return. Simply put, we expect an investment return, yes? So why then do most of our investments never get reviewed to ensure they delivered the benefits promised? Whose job is this?

We have a PMO, stacked full of bright people, busy doing stuff, providing management with data, but is it missing the big picture? They provide the monthly project report packs, thick with detailed historical information, manually gathered and manipulated to show how well we are all doing. Bravo! My thoughts quickly turn to the Carillion failure, and more recently the Crossrail delays. What did the PMO reports tell these managers?

The Project Management Office, focuses on projects and therein lies the root of the problem. It’s not one single project, not even a very big one like Crossrail that will alone, deliver the organisations’ strategy. Most organisations will require many projects or investments to make a measurable change to strategic outcomes. Individual Projects or Programmes are not the way to manage strategy today, nor was it yesterday, and it’s certainly not going to be tomorrow. The days for the Project Management Office, as we know it may well be numbered, or do we just need to change what the “P” stands for?

If you are interested in finding how this change will affect your organisation, your PMO, or just your job we would be happy to share what innovative things we are doing for our customers. We are actively re-purposing the PMO, retraining staff that used to “report the past”, to manage future benefit delivery. We are helping organisations re-focus organisation capability, building new operating models with tools that enable the strategic change agenda to work.

I would be interested to hear your thoughts, gather your reaction and start the conversation amongst fellow project, programme and portfolio management professionals. Is the PMO approaching its sell by date, share your thoughts? My views, as crazy as they are, are my own.

For more articles follow our newsletter here.

We’d be delighted to receive any Oracle Primavera queries. Simply contact us here. 

Women in Project Management – Nishi Mehunkar – WiPM

As the proud sponsors of both the ‘Empowering Self’ stream, and drinks reception at the 2018 APM National Conference for Women in Project Management, Hyde Park Solutions would like to highlight the profiles of our very own exceptional women working within the Project & Portfolio Management Field.

This week, Meet Nishi Mehunkar – one of our Professional Services Consultants here at HPS (and also a budding artist!)

More than just a Project Manager. Some of Nishi’s art.

Being fascinated by technology, Nishi decided to study a degree in Computer Engineering. After completing her studies, Nishi joined ProNovo in 2016 as an IT consultant, with ProNovo later being acquired by Hyde Park Solutions.

Nishi currently works as part of the HPS Primavera products team – contributing to our Unifier, P6 and gateway practices.

‘My role includes designing, developing and configuring Business Processes. Moreover, consulting with clients to achieve the best possible solution for their business case is something I really enjoy. As part of my work with HPS, I have worked with clients from Japan, Australia, and the USA.’

Nishi has achieved accreditation in the following:

  • Primavera Unifier Implementation Consultant
  • Cloud Service 2017 PreSales
  • Cloud Service 2017 Sales
  • Unifier Cloud Service 2016 Sales
  • Unifier Cloud Service 2016 PreSales
  • Project Lifecycle Management

Nishi is a talented artist (photos attached), having held two exhibitions of her work. Nishi works mainly within the charcoal and calligraphy fields, with hyperrealism being her favoured style. Nishi also sculpts, and enjoyed reading books and listening to music in her spare time.

For more articles follow our newsletter here.

We’d be delighted to receive any Oracle Primavera queries. Simply contact us here. 

Women in Project Management – Laura Smith – WiPM

As the proud sponsors of both the ‘Empowering Self’ stream, and drinks reception at the 2018 APM National Conference for Women in Project Management, Hyde Park Solutions would like to highlight the profiles of our very own exceptional women working within the Project & Portfolio Management Field.

This week, meet Laura Smith – one of our OPPM experts.

Laura is an OPPM Consultant at Hyde Park Solutions, with over four years experience in implementing OPPM solutions. Laura came from an administrative background after a year of being involved in a number of OPPM Projects with mentoring from the Hyde Park Solutions team.

‘In particular I had a great woman mentor in Senior Portfolio Management Consultant Daleen Strydom. The mentorship and guidance I received from the HPS team was important in helping me pass my OPPM Implementation Specialist examinations.’

Laura joined Hyde Park Solutions in 2014, after taking a career break to give birth to her two children. 

‘I was eager to follow a new path and Portfolio Management gave me that. Administration and the strict organisation of the field ran deep in me so it was a new but exciting challenge. I enjoyed learning Portfolio Management as it took the organisation I had from administration and added the extra elements of design and implementation that I enjoy.’

Along with communicating with clients to achieve the implementation they require, Laura enjoys travelling and meeting new and interesting people. 

‘Getting to travel as part of my work with HPS has been an added bonus. Having the chance to meet so many different and interesting individuals from all walks of life has been amazing.’

Laura lives in London with her husband and two children – and their ménage of animals.

‘I am a typical football mum and love spending my Sundays on the side-lines cheering on my son, come rain or shine or snow, (but mostly rain!). I have a very active role in our local youth team and am always organising some sort of event or fundraiser. Outside of work and football I love nothing more than being with my family and friends, and reading a good book. I am also a bit of a gin fanatic too.’

For more articles follow our newsletter here.

We’d be delighted to receive any Oracle Primavera queries. Simply contact us here. 

HPS awarded Government G-Cloud Supplier Status.

Project Management Crown commercial service.

We’re delighted to announce our successful application to become an approved UK Government G-Cloud supplier for the provision of Oracle Primavera Configuration, Implementation, Training Services, and Oracle Primavera Cloud Support.

Being recognised to work with, and on behalf-of, the UK Government pays tribute to the wealth of expertise present across the Hyde Park Solutions team.

For any enquiries relating to Project or Portfolio Management – be it software systems or consulting services, we’d love to talk.

For more articles follow our newsletter here.

We’d be delighted to receive any Oracle Primavera queries. Simply contact us here. 

 

Women in Project Management – Zeenat Sheikh – WiPM

As the proud sponsors of both the ‘Empowering Self’ stream, and drinks reception at the 2018 APM National Conference for Women in Project Management, Hyde Park Solutions would like to highlight the profiles of our very own exceptional women working within the Project & Portfolio Management Field.

This week, meet Zeenat Sheikh – one of our Senior Portfolio Management Consultants here at HPS.

Zeenat is a senior consultant at HPS, having worked within the Portfolio & Project Management industry for 5 years. After having graduated with a computer science degree, Zeenat spent 5 years working within the rapidly evolving IT industry in India.

‘I started my journey at HPS as a Technical Consultant working in their Primavera EPPM practice, before shifting across to OBIEE (Oracle Business Intelligence Enterprise Edition). After having spent a few years working on OBIEE, I moved into the Hyde Park Solutions Unifier Systems team. 

‘Having been able to work on so many different products, and with so many teams, has been an invaluable learning experience for me. It has been amazing handling and exploring so many different technologies.’

Zeenat first came onboard as part of ProNovo in 2016 (ProNovo later being acquired by HPS) and is currently tasked with looking after the ProNovo Unifier reporting module.

‘Being a report lead, my role is to gather and analyse client requirements, as well as undertaking various development, migration and support reporting processes.’

Zeenat is a Certified Primavera Unifier implementation Consultant, and has experience working with clients from all over the world, including: Australia, Kuwait, Qatar and Sweden.

Zeenat lives in India, and enjoys spending quality time with her family and friends. Zeenat also loves travelling, exploring new places and reading, in her spare time.

For more articles follow our newsletter here.

We’d be delighted to receive any Oracle Primavera queries. Simply contact us here. 

Women in Project Management – Daleen Strydom

As the proud sponsors of both the ‘Empowering Self’ stream, and drinks reception at the 2018 APM National Conference for Women in Project Management, Hyde Park Solutions would like to highlight the profiles of our very own exceptional women working within the Project & Portfolio Management Field.

This week, Meet Daleen Strydom – one of our Senior Portfolio Management Consultants here at HPS.

Daleen is a senior Portfolio Management consultant at HPS, with 14 years experience in designing and implementing OPPM solutions. “I was a systems analyst when I did a course in what was then called ProSight in 2004 and loved the shift in focus from implementing granular, technical solutions to the big picture, business view of Investment Portfolio Management solutions”, she recalls.

Daleen lived in South Africa at the time and after shadowing an international SME on a number of implementations in the financial and mining sectors, she was certified in OPPM.

She joined HPS in 2009 when she moved to the UK and had subsequent implementations in Sweden, Finland, Norway, Alaska and the UK.

As the principal OPPM consultant at HPS, her key responsibilities are to gather the client’s business requirements and translate these into a unique OPPM solution. “I love the fact that I’m involved in such a range of tasks on every project: starting with the initial requirements gathering and design, while building relationships with the client. And then being involved in the configuration of the solution ensuring what was promised to the client, is what will be delivered.” Given the flexibility of OPPM, requirements can often be implemented in a number of different ways. These options can be presented during the early stages of the implementation process to ensure the client is not  surprised by the implemented solution.

Daleen, mother of two teenagers, has spent the last 19 years moving around the globe and has lived in the UK, Italy, South-Africa, India and is now based in Switzerland where they hope to settle down.

She loves doing yoga, traveling and eating good food. Her motto is: “If an opportunity presents itself and there are no compelling arguments to pass it by, you have to take it and see where it leads”.

For more articles follow our newsletter here.

We’d be delighted to receive any Oracle Primavera queries. Simply contact us here. 

Primavera P6 Technical Support – Hyde Park Solutions

Primavera P6 Technical Support – Hyde Park Solutions

Hyde Park Solutions offer bespoke, and on-call, Primavera P6 Technical Support Packages designed to suit your company’s needs, and to scale as you grow.

The ITIL certified HPS support desk currently services clients all over the world in the support, maintenance, and upkeep of their Oracle Primavera systems. 

“Peace of mind knowing some of the world’s foremost Primavera experts are on call to resolve any problems you may encounter.”

HPS will often be able to resolve most Primavera user errors remotely, getting you back up and running immediately. For more serious issues an HPS support expert can be onsite within 24 hours to work in situ to resolve any serious operational errors.

Our Primavera P6 Technical Support services cover the following areas:

Application Service Management – Access to your own dedicated HPS support manager.  Access to the HPS support environment and support ticketing application.

Application Maintenance Service – Provision of ITIL process to support both technical and businesses related incidents. Ongoing Management until resolution is achieved.

Application Development Service – the provision of resources to enable changes and ongoing development of your implementation, both from a technical perspective or from an application configuration and business process perspective.

Our Primavera P6 Technical Support services can be accessed as part of one of our support packages:

Acorn – Our introductory Primavera Support package. 

Acorn level support is charged at a “pay per call” basis, and is often suited for smaller corporations operating a small, or dedicated team of Portfolio or Project Managers. Acorn support also suits PPM consultancy firms looking to quickly access technical support at a cost-effective price.

Oak Leaf – Our intermediate support offering, billed on a monthly basis.

Our most popular support package. Users on our Oak Leaf Primavera Support Package are entitled to a defined number of support hours, per month – There is no additional pay-per-call cost associated. 

Oak leaf offers an agreed set of SLA’s and guaranteed resource availability to deliver both Maintenance and Development services.

Oak Leaf Support Subscribers are able to quickly – and as a priority – have their technical and user specific issues resolved for a simple monthly-fee with no hidden charges.

Oak Tree – Our Premium Primavera Support Offering – commonly used by companies with turnovers in excess of £500M annually. Oak Tree level HPS Primavera P6 Technical Support provides an unlimited support usage service. Often used by sizeable corporations when establishing new systems, before dropping down to Oak Leaf once the system and users are settled.

Unlimited Expert Primavera Technical Support. No Strings attached.

Support package prices are based on client requirements and usage. Please get in touch with us if you would like to discuss a potential support package with HPS.

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We’d be delighted to receive any Oracle Primavera queries. Simply contact us here.