Four basic principles of Oracle Enterprise Project Management System

Enterprises rely on information management, productivity, and performance. Whether the project implements Information Technology, bridges, or electronic equipment development, enterprises are facing increasing pressure to make profits on the project. To ensure project success, enterprises need to have a deep understanding and control of the latest project information, including schedule, budget, resources, changes and risks. In addition, enterprises also need to accumulate information across multiple projects, departments, business units, and geographic regions.

Scaling down, project budget reduction, increasing customer needs, and global operations pose great challenges to the success of enterprises. Separated processes and information systems have resulted in multiple project information silos, limiting the transparency of critical collaboration and management, and failing to efficiently respond to ever-changing project demands.

Oracle Enterprise project management systems are different. It is a comprehensive solution that helps enterprises proactively and successfully deliver global projects by integrating and managing enterprise project information and providing insights on this information. Only the Oracle enterprise project management system can enable enterprises to establish a unified global information database for all project information, so as to optimize the enterprise's project portfolio, control the progress and budget, and deploy resources, promote team collaboration and automate project financial management. It provides all members of an enterprise with the important information they need. It can also be integrated with other Oracle and non-Oracle application systems to simplify business processes. Oracle Enterprise project management system can help you deliver projects on time within the budget, reduce risks, and make better decisions.

1. Use a unified project information View
Fragmented processes and systems make it very difficult to effectively manage projects and programs. Generally, enterprises manage project plans in the desktop application system, track financial data in the background office application system, Save documents in the network directory, and manually manage portfolio indicators in the electronic data table. Data sharing and accumulation are manual and error-prone processes, especially when multiple business units and regions are involved. To succeed, an enterprise must have a unified view of projects, plans, and investment portfolios.

2. Store all project information in one place
Only the Oracle enterprise project management system provides a complete set of applications integrated around the unified project information library. You can define and maintain project finance, work plans, resources, deliverables, and portfolios. By gathering the required information, the Oracle enterprise project management system can consistently push enterprises to deliver projects on time within the budget.

Since the Oracle Enterprise Project Management System is seamlessly integrated with Oracle and non-Oracle application systems, the information in the entire enterprise is always up-to-date. You can seamlessly transmit important project information between Oracle enterprise project management and other application systems, including invoices, work hours and expenses, inventory and product information. You can easily transfer information between the daily production activity tool and the Oracle enterprise project management system, so you can update the budget or schedule in the tools you have been using, all project information is maintained in the unified global project information library of Oracle.

3. Align the project with the company's strategy
Corporate governance needs and Business pressure make it imperative to invest time and resources wisely. The Oracle enterprise project management system helps enterprises make informed investment decisions by evaluating, prioritizing, and selecting project portfolios based on their goals and resources. You can develop common metrics, analyze multiple scenarios, and determine the optimal portfolio. Oracle can help you achieve higher ROI and greater business benefits while reducing enterprise risks.

4. Understand your business
The most effective way for an operating enterprise is to have the latest summary information. However, an enterprise may have a separate system that can only generate outdated, incomplete, and inaccessible data. The Oracle enterprise project management system provides a full business indicator Life Cycle view, which can push enterprises to make scientific decisions. You can check key indicators such as business opportunities, profitability, order quantities, and undelivered orders. Only Oracle can maintain business intelligence and Project Transaction Processing in the same system, so you can drill from enterprise-level metrics to any basic project transaction processing information. The Oracle enterprise project management system provides you with enterprise insights so that you can make more informed decisions.

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