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Conference defies project failure

  • 07 April, 2006 08:27

<p>“The days of command and control (in business) are over.” So said Richard Faris, Chief Technology Officer, Co-Founder and Co-owner, Primavera Systems US, who was speaking at the myPrimavera06 Conference yesterday.</p>
<p>“Business today needs to be more collaborative, more inclusive and less hierarchical to ensure that decisions get made that support business strategies,” he said.</p>
<p>Faris highlighted the critical role that project management played in ensuring business success. He noted one quarter of the world’s GDP, totalling $10 trillion per year, was spent on projects.</p>
<p>Despite this many businesses still lacked the people, processes and technology to ensure consistently successful project outcomes. For example, KPMG’s Mark Tims noted that 49 per cent of IT projects still fell short of expected outcomes.</p>
<p>Throughout the conference speakers presented evidence which demonstrated a critical role for project portfolio management (PPM). Case studies by BlueScope Steel, Centrelink and Energy Australia illustrated the importance of PPM technologies and related processes in successfully delivering multi-million dollar projects in the private and public sectors.</p>
<p>According to Isi Unikowski from the Prime Minister’s Cabinet Implementation Unit, government at all levels was recognising that PPM could provide a framework to more effectively manage projects in the public sector. This would better support policy outcomes and demonstrate more efficient use of the public purse.</p>
<p>Another key theme which emerged during the conference was a dire shortage of people who had the skills to manage major projects. Peter Shears, CEO of the Australian Institute of Project Management, said there was increased demand for skilled project managers within all organisations across all industry sectors.</p>
<p>“One response to the challenge, while training new project managers, would be to introduce consistent processes and terminology,” he said. This would facilitate better collaboration among project participants to ensure effective knowledge sharing.</p>
<p>Faris commented that this presented an opportunity for technology vendors to develop agile and flexible applications that encouraged wider use throughout the organisation.</p>
<p>“Currently we’re developing project portfolio management software that is totally web enabled and can be used anywhere at anytime to meet business demand. This reflects the competitive pressures on business to adapt to rapid changes in technology.”</p>
<p>Media note – for images, interviews or further information, please contact:
Jody Hammond or Louise Mezzina
Write Away Communication + Events
Phone: +61 2 8904 1622 or +61 438 011 598
E-mail: jody@writeaway.com.au , louise@writeaway.com.au</p>
<p>About Primavera Australia
In all vertical segments, Primavera provides tailored project portfolio management solutions matched to the specific clients’ needs, processes and maturity. The company’s offerings are borne out of a global capability and extensive R&amp;D and implemented by a national network of industry-experienced consultants.</p>
<p>Primavera Australia Pty Ltd is the representative for Primavera in Australia and New Zealand. Established in 1990, with headquarters in Melbourne, Primavera Australia has offices in Sydney and Canberra as well as dealers in Perth, Brisbane and New Zealand.</p>
<p>See www.primavera-aus.com</p>
<p>About Primavera Systems, Inc.
Primavera specialises in providing companies with project portfolio management software and services. Primavera's innovative solutions help over 75,000 companies around the globe achieve business success by effectively forecasting, planning, managing and executing their portfolio of projects, product development, capital planning and resource planning. Primavera products deliver proven return on investment by helping companies improve portfolio decision making, complete high-quality projects faster and with lower costs, attain project and service consistency through reuse of best practices, and gain insight into an organisation's entire portfolio of projects underway, especially at-risk projects.</p>
<p>Primavera serves a broad range of industries, including aerospace and defence, automotive, chemical processing, construction, energy, engineering, financial services, manufacturing, pharmaceuticals, professional services, software development, technology, telecommunications and utilities.</p>
<p>Primavera is headquartered in Philadelphia, Pennsylvania, with offices in Chicago, London, New Hampshire, Hong Kong and San Francisco.</p>
<p>See: www.primavera.com</p>

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