KPI Partners E-Book: The Project Analytics Framework
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This e-book discusses the goals and objectives of project-based analytics. There is a saying that if it cannot be measured, it cannot be managed. Traditionally, projects have used schedules and budgets to monitor progress. This only provides part of the answer. It does not address other variables. Just because a project comes in on time and on budget does not mean it is a success. The deliverables may be of poor quality, and there may be dozens of outstanding issues. A much broader view is required to insure a project’s ultimate success. The Project Analytics framework presented in this e-book details the elements of a complete project analytics framework and how Oracle Project Analytics meets the needs of this framework. "The primary goal of a Project Analytics system is to help project stakeholders meet project objectives in an optimized manner while honoring the project constraints." History shows that projects that are carefully managed, large or small, are considered most successful both in the short and the long term. Project Analytics systems help manage projects in almost all cases.
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KPI Partners E-Book: The Project Analytics Framework
- 1. THE PROJECT ANALYTICS FRAMEWORK Oracle Business Intelligence by Sid Goel
- 3. There is a saying that if it cannot be measured, it cannot be managed. Traditionally, projects have used schedules and budgets to monitor progress. This only provides part of the answer. It does not address other variables. Just because a project comes in on time and on budget does not mean it is a success. The deliverables may be of poor quality, and there may be dozens of outstanding issues. A much broader view is required to insure a project’s ultimate success. The Project Analytics framework presented here details the elements of a complete project analytics framework and how Oracle Project Analytics meets the needs of this framework. Share 3 © 2012 KPI Partners, Inc.
- 4. About KPI KPI Partners is an Oracle Partner who specializes in Oracle Business Intelligence (BI) and Oracle Enterprise Performance Management so- lutions. The award-winning staff at KPI Partners comes directly from the product engineering departments at Oracle, Siebel, and Hyperion. In addition to consulting services, KPI Partners offers training, support, and exclusive pre-packaged analytic solution extensions for Oracle Business Intelligence. KPI Partners works with both corporate technology departments and corporate business units to develop value-added business intelligence solutions, not just new technology deployments. Share 4 © 2012 KPI Partners, Inc.
- 5. Table of Contents CHAPTER 1 CHAPTER 4 Project Definition Project Analytics Solution 11 Project Types 34 World Class Project Analytics 14 Project Progress 36 Oracle Project Analytics 16 Project Analytics Framework 41 Out of the Box Metrics 43 Data Integration Options CHAPTER 2 Metrics 44 Deployment Options 19 Schedule CHAPTER 5 20 Scope Case Study 22 Resource 30 Oracle Project Analytics and Earned 23 Quality Value Management from PeopleSoft, 24 Cost Primavera and Legacy Application 26 Revenue CHAPTER 6 27 Financial Performance Management Summary CHAPTER 3 51 The Project Analytics Framework Project Reporting Strategy 30 Top Down Approach 31 Bottom Up Approach 33 Both Approaches Share 5 © 2012 KPI Partners, Inc.
- 6. CHAPTER 1 PROJECT DEFINITION 6
- 7. Many of us at KPI Partners have been involved with Project Management in various industries - including manufacturing, service and construction. In addition, KPI Partners is a project-based business and experiences firsthand many of the same challenges described here. In our experience, the definition of what constitutes a project varies widely between departments, industries and even among project managers. A Project Analytics system helps to manage projects by providing key information to all key project stakeholders, at the right time, to make proactive and informed project decisions. Share 7 © 2012 KPI Partners, Inc.
- 8. A project is often defined as a finite endeavor, having specific start and completion dates, undertaken to create a unique product or service which add value in terms of additional revenue or reduced cost. All projects have constraints like dates, budgets, resources, etc. All projects also have goals and objectives. Do you know how many projects are underway at your company? Current economic conditions require resources from different teams to bond together for mission-critical activities. These are projects and tracking performance is a huge priority. Share 8 © 2012 KPI Partners, Inc.
- 9. The primary goal of a Project Analytics system is to help project stakeholders meet project objectives in an optimized manner while honoring the project constraints. Project Analytics systems help to manage projects by providing key information about the project to the different key stakeholders including: • The project team members. • The beneficiary of the project (i.e., employees or customers). • The project sponsors or steering committee. • The project funding source (i.e., internal or external). Share 9 © 2012 KPI Partners, Inc.
- 10. • The project cost manager (could be internal finance department or customer’s finance department). • The project revenue manager for customer funded projects. All stakeholders will have different informational needs that a Project Analytics system needs to satisfy. One primary determinant of stakeholder need is the type of project being analyzed. In KPI Partners’ experience with hundreds of projects across multiple industries, we have identified four main project types. These project types and the industries that they are commonly associated with are described in the next section. Share 10 © 2012 KPI Partners, Inc.
- 11. End Of Preview Download The Entire E-Book At www.kpipartners.com 1