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.

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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.

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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.’

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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.

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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.

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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”.

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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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5 Key Benefits of Effective Portfolio Management

5 Key Benefits of Effective Portfolio Management.

First of all….What is Portfolio Management?

Portfolio management is the art and science of making decisions about investment mix and policy, matching investments to objectives, asset allocation for individuals and institutions, and balancing risk against performance.Portfolio Management grants a trusted (and often senior) group of individuals with company-wide procedural oversight, with the intention of making the execution of corporate projects effective, timely, and to budget. 

“The thought of multi-faceted or project-centric organisations operating without an effective Portfolio Management tool is risky at best, and financially damaging at worst.”

 

The role of Portfolio Manager can be likened to that of an orchestral conductor – whilst the individual is responsible for bringing all the disparate elements of a piece of work together effectively, the final outcome is still reliant on effective contributions from all relevant parties. Effective Portfolio Management makes the latter infinitely more likely.

Here at Hyde Park Solutions we know that data is vital. Without data outcomes cannot be measured, and if a project cannot be measured, it cannot be adjusted or course-corrected.

Portfolio Management is all about having this important data to hand. This data delivers the vital procedural oversight Portfolio Management is meant to provide.

It goes without saying we’re big believers in the effectiveness and the vital need for effective Portfolio Management in business conducting multiple projects at once (and the data supports this belief).

So, with that in mind we’ve put together five key benefits of effective Portfolio Management:

1. Balancing the Risks posed by Projects

Risk is mitigated by data. The more information you have at your disposal with regards to budget, complexities, and timeframes, with regards to projects being undertaken, the less likely you are to run into any issues regarding the above. 

All projects have risks – that will never change. Effective Portfolio Management, however, is a fantastic way to take stock of all the enterprises activates at any given moment, with a view to flagging any potential issues or situations likely to cause concern. Having all the necessary and required information in one place, and a ‘single source of truth,’ is an excellent risk counter-measure. Projects often spiral out of scope and budget when little or no accountably is placed upon achieving and maintaining procedural oversight.

2. Faster Project Turn Around

Effective Portfolio & Project Management (PPM), can improve project turnaround by up to 10%. PPM practices tend to encourage increased project governance, workflow, and standardisation – which in turn leads to increased efficiency when carrying out repeatable processes – which may often form a sizeable part of any portfolio – for example, a road builder will build many roads – this is a similar task that can be carried out faster once aligned and defined procedural processes are in place. Portfolio Management achieves this.

3. Optimal Resource Utilisation & Allocation.

PPM mobilises your resources to invest their best and maximum efforts onto the most feasible ventures. Simply put, this means duplicate efforts are not wasted on activities with no monetary benefits to show for it. Effective PPM allows Project Professionals to identify flagging projects early on – minimising time & financial loss if the need to halt or stop the project is deemed necessary. Whilst the thought of halting, or even abandoning a large project may be daunting, it is one of the essential roles of the effective and decisive Portfolio Manager. These funds saved can then be re-invested into projects more likely to yield desirable outcomes. Portfolio Managers will often find themselves in discussion with senior staff with regards to project viabilities.

4. Prove the Value to Stakeholders

No top-level, or capital intensive project gets off the floor without key stakeholder sign off. This group includes line-of-business managers, project managers, financial analysts and the executive teams. It is not only the actual value of what you are doing and what you accomplish, but the perception of value, that counts. And when Project Professionals are able to achieve the reality and perception of a well-oiled and functional PMO, lots of benefits accrue. You can greatly expand both external and internal morale and reduce the time it takes to produce executive and board-level reports. It’s a win win situation.

5. See the Big Picture

Probably the most important aspect and goal of any Portfolio Management campaign, is to be able to ‘see the big picture.’ This is different to achieving procedural oversight. Seeing the big picture involves being able to gauge, as a whole, the corporate wellbeing of an organisation. Reports coming in late from the finance department? Maybe it’s worth senior staff dropping in to gauge morale. Noticed a gradual downshift in the speed and quality of procurement? Maybe it’s time to consider alternative strategies. Effective PPM is not only aligning and driving processes, but also for the monitoring of the more global, or net, situation any given company is in. This is valuable information.

Conclusion

Having designed, built, and installed numerous Oracle Primavera Project & Portfolio Management systems for clients across the globe, we can personally attest to the vast and positive impact such systems have on the corporate and financial wellbeing of a company. The thought of multi-faceted or project-centric organisations operating without an effective Portfolio Management tool is risky at best, and financially damaging at worst.

We strongly believe in the myriad of benefits to be reaped via the implementation of an effective portfolio management system.

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Primavera Prime – Here’s What You Need To Know – Price?

Primavera Prime – Everything you need to know.

What is Primavera Prime? How much does Primavera Prime cost? What does Primavera Prime do?

For the answers to all these questions, and more, read on.

(We’ve also include Primavera Prime’s documentation and guide notes should you wish to study them.)

“Not only does Prime offer access to a wider array of functionality than some of its more sector-specific software siblings, but it does so in a beautifully presented, and up-to-date interface, allowing Project Professionals to improve their working efficiency through streamlining their processes.”

Oracle’s New Look

Oracle’s latest Project Management offering – software product Oracle Primavera Prime, is the new kid on the block, but does it have what it takes to dent, or even challenge the current, and well established, Project Management software game?

Primavera Prime is a passionate re-imaging of some of the tech titan’s older stalwarts – but with a modern twist. Prime as a software product borrows a few flavours from some of their already established (and hugely successful) software products (Primavera P6 PPM and P6 EPPM to name a few), and rolls them into a fresh-new, cloud-only, 21st century-centric, Project Management solution, ready for consumption in the rapidly evolving, and technologically disrupted place the sector finds itself in today.

Complete with fresh new menus and intuitive workflows, Prime looks good. Really good. But does this 21st century facelift stand up to the time-old riggers and strenuous requirements facing Project Management software today?

The answer, put simply? 

Yes. Read on.

How much does Primavera Prime cost?

Primavera Prime does provide a general outline in terms of cost per user – although it should be noted that additional organisation specific requirements may change the pricing structure. Server allocation should also be considered.

Per User Pricing:

Oracle Prime Schedule – $199 with a 5 user minimum.

Oracle Prime Portfolio – $299 with a 5 user minimum.

Having listed these prices, we would still generally advise that anyone considering Oracle’s Primavera Prime as a potential solution for their Project & Portfolio Management needs should get in touch with an expert to discuss their particular requirements. Hyde Park Solutions would be delighted to receive any enquires with regards to the above.

What does Primavera Prime do?

Primavera Prime comes with an impressive degree of functionality out of the box. Whilst it does take a broader, and at times, less specific, approach to traditional Project & Portfolio Management, Primavera Prime still presents a comprehensive set of software tools for Project & Portfolio Management tasks, including; Schedule Management, Cost Management, Resource Management, and Risk Management. Not only does Prime offer access to a wider array of functionality than some of its more sector-specific software siblings, but it does so in a beautifully presented, and up-to-date interface, designed to allow Project Professionals to improve their working efficiency through streamlining their workflow.

Complimenting the above is Primavera Prime’s well designed and simple mobile interface – making it easy for Project Managers and contractors to log in and access relevant data when necessary. Prime’s redesigned mobile interface places every Project Professionals key ally – Procedural oversight – at their fingertips.

Concluding notes

Primavera Prime is an attractive, catch-all Project & Portfolio Management tool that will meet, and exceed the expectations and requirements of the vast majority of Protect Professionals. The online-only nature of the product makes on-boarding new users simple and quick, and always all stakeholders to easily gain relevant insights when required. Combine this with Prime’s attractive pricing model (in a traditionally expensive market), and you’re onto a winner. We believe in Prime’s ability to carry the Project Management Software torch into the future.

About Hyde Park Solutions (HPS).

Hyde Park Solutions are the global leaders 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.

Primavera Prime’s documentation and guide notes

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Hyde Park Solutions Newsletter July – HPS Newsletter

We’ve had a very busy few months here at HPS, with many exciting events unfolding – from a hugely successful Unifier rollout for a billion dollar aluminium corporation, to launching a new partnership with one of the UK’s most experienced Project Management Consultancy firms – Th3rdCurve. 

We’ve also expanded our support of one of the world’s foremost project management groups – The Association for Project Management, and doubled the size of our workforce operating out of our newly acquired Indian offices in Pune. 

Unifier goes live

HPS has successfully assisted one of the world’s largest producers of aluminium with the implementation of a global capital project management solution. This HPS solution has allowed the client to standardise their capital allocation processes across several independent business units (Bauxite, Alumina, Aluminum) and geographic regions (Western Australia, North America, South America, and Europe).

Unifier’s cost management solution will allow the client’s project teams to forecast projected spending in an efficient manner, making it easier for management to identify underperforming projects and reallocate funds to other opportunities.  Unifier’s configurable workflow engine is used to automate hundreds of business process across the project lifecycle, including budget approvals, phase gate management, change management, and project closeout.  These processes ensure that corporate governance rules are adhered to, and provide for consistent data capture, while allowing for the necessary procedural variances between business units.

Hyde Park Solutions recognised as Crown Commercial Service Supplier.

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

Proud Headline Sponsors of Association for Project Management’s largest annual conference – the Project Management Conference, London, 2018.

This year, we were the proud principal sponsors of the Association for Project Management’s largest annual conference – the Project Management Conference 2018. Together with the APM, we welcomed over 400 delegates into the wonderful Westminster Central Hall for a day of Project & Portfolio Management talks.

As the only chartered membership body in the Project Management field, we’re delighted to be working with the APM to continue developing best practice in the Project & Portfolio Management field.

We’re Hiring! 

Do you have what it takes to become part of one of the world’s leading Oracle Primavera houses? Our experts have designed, installed, and configured award winning Oracle Primavera solutions for some of the world’s largest companies across the globe. We’re currently looking for talented and enthusiastic individuals to join our Support and  Consultancy teams.

Visit our careers page here.

Hyde Park Solutions – at the forefront of Project and Portfolio Management

Hyde Park Solutions are the global leaders 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.

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