How can technology help manage the complexity of mega projects? 

In today’s episode, Don Price, a seasoned expert in project management technology, reveals how cutting-edge tools like Oracle Unifier and CURA Forecasting are transforming the way large-scale projects are managed. From streamlining collaboration to integrating crucial systems like ERP and HR, Don explains how the right Project Management Information Systems (PMIS) can prevent costly mistakes and improve efficiency. Tune in for an in-depth look at how technology is reshaping project management for the future.

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[00:00:01] - [00:04:59] Mastering Complexity with Tech

• Tools designed for mega projects enable seamless collaboration and lifecycle management

• Project management systems prevent costly risks and mistakes  

• Typical costs range from single projects to enterprise solutions

[00:05:00] - [00:09:59] Resources for Successful PMIS

• Implementing a PMIS requires dedicated personnel for each project stage  

• Executive sponsorship is essential for project success and alignment  

• Contingency plans are crucial to handle resource changes during long-term projects

[00:10:00] - [00:14:59] Key to Successful Project Integration

• Documenting decisions helps manage scope and schedule changes

• Executive sponsors and PMOs are crucial for decision-making and controlling change.

• APIs and out-of-the-box connectors enable system integration in modern project management software

[00:15:00] - [00:19:59] Managing Data Across Platforms

• Integrating PMIS with ERP and HR systems is key for effective lifecycle management

• Cloud technology is the standard, offering enhanced security

• Documenting decisions early helps manage scope changes

[00:20:00] - [00:30:00] Unifying Forecasting and Financials

• Don’s take on his favorite PMIS tool: Oracle Unifier

• The rise of CURA Forecasting for better cash and project management

• Addressing soft spots in the market and future capabilities of CURA

Notable Quotes:

“Having a backup plan for resources is critical in long-term projects” - Don Price

“Every decision has to be documented. You’ve got to have a good partner who’s willing to capture that information.” - Don Price

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