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

Product history


The core concepts of project scheduling were laid down in the years following World War II, as construction projects in the United States became larger and more complex. By the 1960s, these concepts were being implemented in mainframe computers by such entities as DuPont, IBM, and the U.S. military.

In 1983, Joel Koppelman and Dick Faris founded Primavera Systems in Philadelphia. Their vision was that these same principles of project management could be implemented on desktop PCs, which were then just making their way into common use. The first product went on sale in 1983, available on a set of 5¼-inch floppy disks that held a whopping 360 KB of data each. The application required 256 KB of RAM to run, which was quite a lot at the time.

And so Primavera Project Planner (P3) was born. The company was quite successful and eventually P3 became the leading scheduling product in the engineering and construction industries. In fact, it soon became a requirement for certain government contracts that schedules could only be delivered in a P3-compatible format.

In the late 1990s, with the rise of networks and the Internet, it became clear that the future of project scheduling software lay beyond a single product installed on one person's desktop. Instead, project scheduling was moving towards systems that could be accessed simultaneously by multiple people in different locations.

In 1999, Primavera acquired Eagle Ray Software. This company had created a product in 1998 called Eagle Ray 1000 Project Management Suite. Primavera took ER1000 and released it as two products in 1999: P3 e/c, which was marketed for Engineering and Construction, and TeamPlay for IT and Financial services. Over the years, the products have appeared to merge and diverge, adding capabilities such as timesheet entry, integration, and portfolio analysis, eventually evolving into what is now called P6. In 2004, Primavera 5.0 was released, and in 2007, P6.0 was released, followed by P6.2 in 2008.

In 2008, another major change occurred. Primavera, a privately held company, was bought by Oracle, a publicly held corporation.

Enter Oracle

In 2008, soon after P6.2 came out, it was announced that Oracle Corporation was buying Primavera. Starting as a database provider in 1979, Oracle had grown over the years into a large and influential company, focused not only on databases, but on providing an array of software products that are fundamental to managing modern businesses. This array included enterprise resource planning (ERP) systems, content management systems, analytical and reporting systems, and application servers and technology, to describe just a few. In order to ensure that they also owned the best-of-breed in project scheduling software, Oracle acquired Primavera Systems in 2008.

Since the acquisition, P6 has undergone a number of changes. First, the various names were consolidated into one: P6. Oracle also spent considerable resources improving and adding to the product. For example, P6 now supports a standards-compliant Web Services API; it can run from a cluster of WebLogic or WebSphere application servers; and the full capabilities of the system are now available through a web browser.

P3 and SureTrak

Some users may confuse P3 and SureTrak with P6. P3 is the heir to the original Primavera Project Planner product. It is a standalone desktop application. SureTrak was a lighter version of P3 designed for users with simpler requirements, and so had a limit on the number of activities it would support. Both products have reached the end of their life cycles, and sales of P3 and SureTrak officially ended on December 31st, 2010.

Yet this is not the end of the standalone desktop client. With P6 version 8.1, a true standalone version of P6 was created, finally closing the gap that sprang open in 1999 when Primavera bought Eagle Ray, and set separate tracks for its desktop and enterprise solutions. Now users can have the power of P6 on their laptop with P6 Professional, or deploy P6 Enterprise and gain the additional benefits of enterprise-wide capabilities. P6 release 8.2 allows these two products to work even better together.