Faster New Product Introduction Using Oracle Project Portfolio Management
Author: Kirit Goyal, Program Manager
Presenter: Mohan Dutt
Session # 1482
Issue at hand
• Improve product development, product innovation and engineering processes in order to increase revenues, decrease cost and improve profitability
Pressures from product life cycle development• Shorter development cycles / time to market• Cost pressures• Need for more innovation• Need for revenue growth• Support global growth and outsourcing
New Product Life Cycle
1 2 3 4 5 6Concept & Feasibility
Alpha Research Beta Development
Mfg Transition
Product Launch
Field Assessment
Deployment Support
Market AssessmentTechnical Feasibility Project Definition
Launch PreparationCritical Design Review
Supply Chain Assessment
Customer EngagementFunctional RequirementsSupply Chain
IdentificationPrototype Development
Preliminary Design Review
Value Model
Launch Execution
Customer SupportDesign Quality
Development
Key
Pha
se M
iles
tone
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Post Launch Review
END
Opportunity Analysis
Project Proposal
Ideation
Project Collaboration
• Sharing project data• Sharing product data in a project context• Shared workflows• Task management• Resource management
Project Collaboration Actions
• Improving execution of cross team performances
• Improving actions of cross enterprise projects• Improving visibility of project status• Enforce common project methodologies• Providing a common repository for project
deliverables• Provide management oversight task
execution
Product Management Process Overview
ProjectProposal
Portfolio ManagementCommittee (PMC)
Portfolio ManagementCommittee (PMC)Portfolio Management
Committees (PMCs)
DEEPManager
Customer Driven Ideas
Idea Screening
Market Driven Ideas
Technology Driven Ideas
Product Manager
ProductCoordinator
MonthlyProjectStatusUpdate
ProjectManager Project
Team
Phase Gate Phase
Project Plan
Customer Validation
Oracle PPM – Project Flow
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Fin
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Pro
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Create Project from the template
(NPD – Chemistry, Equipment, CIP, EOL)
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Idea generation in Lotus Notes
Product Manager review, prepare proposal
Oracle PPM
Update work plan, assign task owners through MS projects
Product coordinator and PMC review &
Approval
Only Finance Managers have authority to approve projectsReview budget, review reporting
Projects approval
Update task and deliverables
progress
Create and manage issues
Create and manage change
request
Assign Resource, assign deliverables, create budget
Create Issues, Change request, Change orders
Update task and deliverables
Review reporting
Phase Gate reviews, approvals with PMC
Monthly Status report to PMR
Phase Gate reviews & PMR
On going Project update process
How to Create Project
• Step 1: Choose the Template from which Project has to be created
How to Create Project
• Step 1: Choose the Template from which Project has to be created
How to Create Project
• - Step 2: Enter the Project Attributes
How to Update the Work
• Step 1: Main Work Plan Page
How to Update the Work
• Step 2: Maintain Work Plan
How to Update the Work
• Naming the Work Plan Version
Updating the Work Plan in Micro Soft Projects• Step 1: Launch MS Project
Updating the Work Plan in Micro Soft Projects• Step 2: Receive Project Information
Updating the Work Plan in Micro Soft Projects• Step 3: Enter the Project information
Updating the Work Plan in Micro Soft Projects
• Step 4: Select your options
Updating the Work Plan in Micro Soft Projects
• Step 5: Upload the Updated Information to Oracle Projects from MS Projects
Updating the Work Plan in Micro Soft Projects
• Step 6: Publish the Work Plan
Resource Management
• Create Team Roles
Resource Management
• Create Team Roles
Resource Management
• Search for available resources
Resource Management
• Assign a resource to the team role
Budget Management
• Go the Budgeting and Forecasting Page
Budget Management
• Generate Budgets from Work Plan
Budget Management
• Enter Additional Budget Lines
Budget Management
• Submit the Budget generated after Review
Budget Management
• Baseline/Freeze the Budget generated from Work Plan
Deliverable Management
• Create and Maintain Actions for deliverables
Update Progress
• Update Progress
Update Progress
• Update Progress
More Features
• Create forecasts• Create and manage issues• Create change orders
Reporting
• Project Summary
Reporting
• Task Summary
Reporting
• Resource Summary
Reporting
• Periodic Summary
Metrics
• Percent new product meeting revenue targets• Percent new products meeting product cost
targets• Percent new products meeting launch date
targets• Percent of new products meeting product
quality targets• Percent of new products meeting product
development cost targets
Q & A
• Please e-mail your questions to the author, Kirit Goyal. E-Mail: [email protected]
• Please complete your session survey and hand it over to the room coordinator – Session # 1482
• Session Presenter: Mohan Dutt
• The presentation is available for download at http://tinyurl.com/col09session1482
