Introduction:

Project management is a complete solution that includes project financial management, project execution with project scheduling task management, talent management, and resource management. In this blog we will be focusing more on Oracle Project Management. Oracle project management cloud supports the management of projects related to service delivery, internal IT, product development, sourcing negotiation and grant management.

Oracle Project Lifecycle:

• Requirement Gathering phase – In requirement gathering we connect with client and gather the detail requirement typically knows as HLA (High Level Analysis) sessions. Once the sessions are completed, we create documents and take sign off.
• Development – Development is completed as per the requirements
• Demonstration (Typically known as CRP) – Demo sessions with client
• Key User Training (KUT) and User acceptance training (UAT) – training and testing along with clients
• Go live – Migration on production
• Hypercare – few weeks support to stabilize the system

Enterprise PM applications that work as one

• Budgets and Forecasts – Modern graphical analysis of budgets and forecasts.
• Cost control – Simplify and streamline project cost processing
• Biling and Revenue – Bill for both capital and contract project costs
• Grants Management – Proactively manage awards from funding to closeout
• Project Management – Intuitive, collaborative project planning and scheduling
• Task management – Task management for team members
• Resource management – modern and integrated project resource management
• Analytics and insight – actionable project financial and execution insight

General Project Management essentials

• Manage Project cost
• Manage project contract
• Manage project invoices and revenue
• Manage projects for work planning
• Manage projects performances by using predefined dashboards and infolets

This overview suggests that Oracle Project Management Cloud is designed to be a comprehensive and modern solution for organizations seeking integrated project management capabilities. Streamlines processes such as cost control, billing, and resource management for improved efficiency.