Book Image

Oracle Primavera P6 Version 8: Project and Portfolio Management

Book Image

Oracle Primavera P6 Version 8: Project and Portfolio Management

Overview of this book

In 2008 Oracle acquired Primavera Software, Inc., a leading provider of Project Portfolio Management (PPM) solutions for project-intensive industries.Primavera P6 Enterprise Project Portfolio Management is an integrated project portfolio management (PPM) solution comprising role-specific functionality to satisfy each team member's needs, responsibilities, and skills. It provides a single solution for managing projects of any size, adapts to various levels of complexities within a project, and intelligently scales to meet the needs of various roles, functions, or skill levels in your organization and on your project team.Oracle Primavera P6 Version 8: Project and Portfolio Management aims to show you all the features and functionality of the software thoroughly and clearly.With Oracle Primavera P6 Version 8: Project and Portfolio Management, readers will master the core concepts of Primavera P6 and the new features associated with version 8.This book is divided into two sections, in the first section we learn the fundamental concepts behind managing projects which include organizing projects, adding activities and relationships, assigning roles and resources, scheduling a project, and much more. In the second section we cover portfolio management and how to make the best use of the web client that includes working with portfolios, portfolio analysis, portfolio capacity planning, ROI, tracking performance, and lots more.
Table of Contents (25 chapters)
Oracle Primavera P6 Version 8: Project and Portfolio Management
Credits
About the Authors
About the Reviewers
www.PacktPub.com
Preface
Index

Lag and float


A good schedule will optimize the relationships among activities. Sometimes there must be a time between two activities when no project work is done. In this case, a lag is introduced into the relationship.

An example would be the time between pouring concrete and sanding it. The concrete must have time to dry before the sanding can begin, and this drying time can be represented as the lag between those two activities. There is no work nor resources involved, just time passing.

In another example, excavation can begin five days after a permit is submitted. There would be a 5 day lag on Begin Excavation as a successor to the Submit Permit activity.

In the screen above, activities A and B both have two-day durations, and the start of activity B depends on the finish of activity A with a one-day lag.

Float is the amount of time that an activity can be moved without affecting the schedule. Float is often also referred to as slack. There are two main kinds of float in P6: free float...