Primavera (software)
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Primavera (software)
Primavera is an enterprise project portfolio management software. It includes project management, scheduling, risk analysis, opportunity management, resource management, collaboration and control capabilities, and integrates with other enterprise software such as Oracle and SAP’s ERP systems. Primavera was launched in 1983 by Primavera Systems Inc. which was acquired by Oracle Corporation in 2008. History Products and versions As of 2008 Primavera Systems supported long-established products - P3 and Sure-Trak - and the newer P6 version. The long-standing P3 product in its various forms was used by 25% of the heavy construction industry, its predominant customer base; the next most popular software was used by 11%. Nearly 40% of general contractors with an annual revenue of $5M to $10M used Primavera P3. In comparison, the P6 version did not register in a CFMA 2008 survey of the United States construction industry. The P3 version to P6 version change is based in a move fro ...
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Project Portfolio Management
Project portfolio management (PPM) is the centralized management of the processes, methods, and technologies used by project managers and project management offices (PMOs) to analyze and collectively manage current or proposed projects based on numerous key characteristics. The objectives of PPM are to determine the optimal resource mix for delivery and to schedule activities to best achieve an organization’s operational and financial goals, while honouring constraints imposed by customers, strategic objectives, or external real-world factors. Standards for Portfolio Management include Project Management Institute's framework for project portfolio management, Management of Portfolios by Office of Government Commerce and the PfM² Portfolio Management Methodology by the PM² Foundation. Key capabilities PPM provides program and project managers in large, program/project-driven organizations with the capabilities needed to manage the time, resources, skills, and budgets necessary ...
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