SUCCESS MEANS NEVER HAVING TO USE A SPREADSHEET
Lovers of spreadsheets would be the first to tell you that the format has its limitations when it comes to planning really complicated projects.
Imagine a spreadsheet with more than 100,000 activities going on, almost 6,000 project initiatives, and around 700 projects a year. The colour coding might start to look a little over exuberant, the lines might seem to run into each other, and it would play havoc with the eyes.
The same applies to any management tool that hasn’t been crafted with the intention of enabling real-time collaboration, driving real-time project status visibility and offering a single view of the truth that all project participants buy into as the unifying system of control and collaboration.
If it was a spreadsheet it would wrap five times round planet earth.
This is what Xcel Energy started to find as its investment in transmission projects grew tenfold over ten years and its capital project budget went from hundreds of millions to nearly $1 billion annually. Its capital request process took eight hours to run, on the days when it was error-free.
"Primavera P6 gives us the insight we need to deliver on our promises"
That’s what Greg Chamberlain, Director of Transmission Portfolio Delivery, Xcel Energy said when we asked how he thinks the organisation might have got on without Primavera P6 Enterprise Project Portfolio Management. He also added, “We could not effectively manage our capital project load, which today tops US$1 billion annually”.
There was a time when the project team could not accurately project capital spend. Those days are gone.
Now EPPM, in conjunction with Oracle Primavera Unifier, enables them not just to handle the tiniest detail and interdependency of projects but they can predict spend within plus or minus 2%.
That’s what you call financial excellence. They can now accurately predict project success five years out. That’s what you call total confidence.