Updated: Jun 12, 2018
What is Project Management?
Project Management is application of knowledge, skills, tools and techniques to project tasks in order to meet stakeholder expectations. This involves managing of Scope, Time, Cost and Quality
Project Management processes can be organized into 5 stages as mentioned below:
Initiation: Recognizing that a project should begin.
Planning: Developing and maintaining a workable scheme to accomplish the business need.
Execution: Coordinating people and other resources to carry out the execution plan
Controlling: Ensuring that the project objectives are met by regular monitoring and measuring progress and taking mitigation plans whenever required.
Closing: Formalizing Handover and Takeover processes to bring an orderly end.
Oracle Primavera P6 is an Integrated Project Portfolio management solution to satisfy each team member's needs, responsibilities and skills. Primavera includes following software components
Project Management (PM) Module enabling users to track and analyse performance.. This module is ideal for managing multiple projects supporting multi user access across entire organization.
Methodology Management (MM) Module is a system for authoring and storing methodologies or project plan templates in a central database. So, Project managers can select,combine and tailor methodologies to create new custom project plans.
Other components include: Progress Reporter which is a web based interproject communication and timekeeping system; P6 Web Access, which provides browser based access to project, portfolio and resource data and there are many plug-ins available.
This Video tutorial will provide an overview of Project Management, introduction to Primavera tool and Project Portfolio Management through a quick tour and related terminology definitions.
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