Webinar - Integrating InEight Hard Dollar and Oracle Primavera P6

Hard Dollar and Primavera P6

Unique Synchronisation - Working as One

• Loretta Bayliss ( MD & Founder, Prescience Technology )

• Ian Watt ( Regional Director – APAC, InEight )

• Michael Maslen ( Solutions Director - APAC, InEight )

Agenda

Prescience Introduction (LB – 5Mins)

Who are InEight & What is Hard Dollar (IW – 5Mins)

Why the HD Estimate and P6 need to Synchronize (IW – 5Mins)

Live Demonstration : HD P6 … working as one (MM – 20Mins)

What's in it for me ? : Benefits and Outcomes (IW – 5Mins)

Q&A

Loretta Bayliss ( MD & Founder, Prescience Technology )

Ian Watt ( Regional Director – APAC, InEight )

Michael ( Solutions Director - APAC, InEight )

Confidential. Copyright Prescience 2015

PRESCIENCEAn Overview

May

2015

July

2015

3

The premier provider of project controls systems and services in Australia :

Founded in 2005

Australian owned and operated

Strategic partnership with Oracle Corporation since inception

The only Platinum level Oracle Primavera Specialized Partner organisation in Australia

Recipient of 2013 Oracle Primavera Excellence Award – Australia and New Zealand

Our focus is capital and operational projects, and optimising the technologies that support them.

Industry Partner with InEight Hard Dollar since 2013

www.prescience.com.auConfidential. Copyright Prescience 2015

• We deliver services across Australia

Brisbane – Head Office

Sydney

Perth

Melbourne

Adelaide

PRESCIENCEAn overview (continued)

May

2015

July

2015

4

Project controls

Estimating

Planning

Cost

Risk

Contract

Reporting

Primavera P6

Primavera Unifier

BI & Analytics

Primavera Portfolio Manager

Primavera Contract Manager

InEight Harddollar

Acumen Deltek Fuse/Risk


PRESCIENCEGreat projects are delivered from great foundations

May

2015

July

2015

5

PRESCIENCEOur client base is reflective of our focus


May

2015

July

2015

6

Who is InEight?

InEight combines proven ability with a unified vision to help companies

visualize, estimate, control and connect all aspects of their capital

and maintenance projects, from the back office to the jobsite, across

the project lifecycle.

• Helping project-driven companies since 1989

• More than 20,000 users in over 500 companies across 28 countries

• Prescience is a Platinum-Level InEight HD partner with Fully Certified Staff

InEight are Active Globally in All Core MarketsIndustry Focused

Mining O&G UtilitiesConstruction

InEight growing in the ANZ RegionGrowing Rapidly

MORE THAN 20,000 USERS

worldwide

MORE THAN 500 COMPANIES

worldwide

ACTIVE IN

28 COUNTRIES

PLAN

ESTIMATE

EXECUTECONTROL

TURNOVER

OPERATE

• Design models used to create

visual model in InfinyD

• Bi-directional integration with Primavera

P6 schedules enabling time-phased

estimates and schedule analysis

• Creation of quantity-based

estimate and budget

• Change order costing

• Benchmarking

• Short interval planning, claiming, and

commissioning

• Plan progress and quantities consumed

• Equipment inspection and maintenance

• Establishing resource

plans in preparation for

interval planning

• Quantity-based planning

and execution.

• Quantity-based

measurement and

reporting

• Comprehensive 4D,5D, and nD visual reporting

• All as-built details captured in single viewer

• Owner benefits from unified visual model with

complete as-built details and documentation

Delivering the ability to manage quantities,

engineered assets and schedule impacts in

near real-time for ultimate project

confidence.

• Centralized activity work

planning and tracking

• Detailed takeoff-level

quantity book

• Traditional enterprise

reporting and dashboards

across the project lifecycle

• Bi-directional integration

for procurement,

equipment, and

controlling

http://www.google.com/url?sa=i&rct=j&q=&esrc=s&frm=1&source=images&cd=&cad=rja&docid=vF6h2F5lH0tdqM&tbnid=HtXKCzG7KP_MmM:&ved=0CAUQjRw&url=http://www.webactionhero.com/smart-reporting&ei=1DMWUoXbB6SGjALwi4Bo&bvm=bv.51156542,d.cGE&psig=AFQjCNFdqjfpZ501jp7Ir0e_OGWYGXOTGQ&ust=1377273169370474

http://www.google.com/url?sa=i&rct=j&q=&esrc=s&frm=1&source=images&cd=&cad=rja&docid=vF6h2F5lH0tdqM&tbnid=HtXKCzG7KP_MmM:&ved=0CAUQjRw&url=http://www.webactionhero.com/smart-reporting&ei=1DMWUoXbB6SGjALwi4Bo&bvm=bv.51156542,d.cGE&psig=AFQjCNFdqjfpZ501jp7Ir0e_OGWYGXOTGQ&ust=1377273169370474

SCOPE

• Creation of quantity-based estimates and budget

• Change order costing

• Benchmarking

• P6 Integration for connected projects

HD is Best-Practice Estimating

Estimate

Benchmarking

Validate new estimates with historical results

Best Practice Support

Speed training and scalability with standardization

More Accurate Estimates

Win more profitable projects

More Efficient Processes

Bid more to win more

• Time-phased Budget (Schedule)

Deploy complete visibility across the project lifecycle

• Budget / Portfolio Planning

Better use capital resources

• Increase accuracy 10-25%

• 33% increase in estimating efficiency

• Leading to 40% more project revenue


Estimate

Benchmarking
















Estimate

Benchmarking
















Estimate

Benchmarking
















Estimate

Benchmarking









Deploy complete visibility across the project

lifecycle

• Reporting and Dashboards

• HD Field Solution





Estimate

Benchmarking















HD is Best-Practice EstimatingIndustry differentiation

2. Unique Benchmarking Capability

3. Standardization & Templates

4. Functional flexibility

5. Multiple estimating approaches

6. Price to Outcome

7. Multi-user, real-time

8. Bi-directional scheduling Integration

9. Costs versus owner price visibility

10. Scalable : 1 to 1000’s of users

11. InEight thought leadership

12. Live Reports & Dashboards

13. Field Mobility

1. Easy To Use yet Industrial Strength

14. Bid-Wizard

HD Deliver Significant Benefits

Suitable for 1 to 1000’s of Users – BidWizard, Top-Down, Bottom-Up

Easy Project Setup – reference take-off data from multiple sources

Re-Usable Best Practice – utilize templates and past estimates

Validated Estimates – Benchmarking or Norms data

Time Aware Estimates – bi-directional P6 schedule integration

Flexible CBS structure – easily reorganize, group, filter, and sort structure

Centralised Data Repository – organize and maintain resources and

assemblies in single central location

HD & P6 A Unique Synergy

TIME

Industry Won’t tolerate “More of The Same”

Why your estimating software should integrate

with scheduling?

SCOPE

TIME

COST

Project Triangle

Market Environment is Driving Innovation - “Connected” Projects

Only through “Connection” can you see what you can’t change

SCOPE

TIME

COST

Strategy 1 : Optimize Schedule

TIME

SCOPECOSTChanging critical path:

Shorten task durations – reduce scope or add

resources.

“Fast-track” the schedule: Overlap tasks so

people can work on them simultaneously –

add resources.

“Crash” the schedule: Add resources to finish

tasks faster – cost.

Remove tasks – reduce scope.

Strategy 2 : Optimize the Budget

TIME

SCOPECOSTStaying on budget can require very difficult

choices:

Cut project scope – fewer, shorter tasks that

need resources.

Make sure that the rates, fees, and overtime

are appropriate.

Verify that the resources are the best fit for the

job.

Replace an expensive resource with a less

expensive one.

Strategy 3 : Optimize the Scope

SCOPE

TIME

COSTWhen you cannot change the project scope:

Add resources to make sure all tasks are

completed – cost.

Cut tasks that aren’t on the critical path, if there

are any – cost.

Add tasks or add duration to tasks – cost.

Extend the deadline to allow time for all tasks

with the current level of resources – time.

Primavera P6 Integration Highlights

• Estimate and Schedule go Hand in Glove

• Resource Load Schedules

• Define predecessor/successor logic while planning in Hard Dollar

and push these changes to Primavera P6

• Add new scope items in Primavera P6 and automatically update HD

Estimating

• Auto calculate escalation by user-defined timing periods

• Push percent complete from Primavera P6 to HD and vice versa

HD & P6 Integration is Uniquely Powerful

Connected Data is Accurate, Avoids Errors, Minimises Risk and

Enables Dynamic Visibility

Resource-Load Schedules Using Standard Rates

Define predecessor/successor logic while planning in Hard Dollar

and push these changes to Primavera P6

Add new scope items in Primavera P6 and automatically update

HD Estimating

Auto calculate escalation by user-defined timing periods

Push percent complete from Primavera P6 to HD Performance

Oracle Primavera P6 Integration

Many InEight customers integrate with Oracle Primavera P6:

• Early in the project

– All estimates need the reality of the schedule. All bids need to consider the schedule. Schedulers and Estimators work together.

– Export the project structure from HD Estimating to simplify the creation of an accurate schedule in Primavera P6

• During project execution

– End in-progress schedule dates to HD for better project visibility, control, and earned value reporting

Project Control Information Flow

InEight HD

Schedule / Plan

ERP

InEight HD

ERP

Estimating

Norms

Job

TrackingForecasting

Change

controlReporting

• Start / Finish

• Activities

•

• Time Entry

• Actuals (eg Payroll, Purchases)

• Vendor Master

• Material Master

• Employees

• WBS/CBS

• Budgets

• Forecasts

BOQ

Primavera P6

Schedule

N-D

Visualization

Mobility

Financials

Job Costing

Procurement

Capital Asset

Management

• Project structure

• Resources

• Durations

Time Recording

Equipment Hours

Work Packs

Manual QTO

2D

3D

BIM

IFC

CAD

Other

Value Proposition

Time is Money

“The contractor's $19.2-million contract

came with a $2 million bonus if all four

lanes of the 2.56-mile segment were open

by Nov. 20.”

“The stakes were also high for the

contractors. Every day that the $1.28 billion

runway remained incomplete after May 27,

2006—the slated completion date—would

have cost contractors an additional $5

million in penalties.”

“It could earn up to $25 million in

schedule incentives for early

completion or face $50,000 a day

in liquidated damages for late

completion.”

“As an incentive, a $25,000 bonus

would be given for every day

completed under 90 days. Also,

$25,000 would be deducted for every

day over 90 days.”

Time is Money

“The contract included an incentive of

$200,000 per day if the project was finished

before the June 27 deadline and a

$200,000-per-day penalty for missing the

50-day goal. Finishing 32 days early

allowed the company to collect the

maximum $5-million bonus.”

“…failed to open by 5am on any weekend,

the JV would have lost $3.23 million for the

first minute alone.”

“The team stands to earn a

$7-million completion bonus on its

$243-million contract, plus

$200,000 a day for each day before

Dec. 24, up to 100 days. It would

face an equivalent $27 million in

late fees, plus unlimited liquidated

damages.”“…earned $250,000 in contract

bonuses for timely completion.”

“…has $600,000 in potential

milestone incentives related to on-

time completion.”

Testimonials

“Hard Dollar’s technology has

enhanced the exchange of information

with our existing systems, specifically

the integration with the P6

scheduling solutions we already

have in place.”

Gilberto Neves,

CEO

Odebrecht Construction, Inc.

“We believe that HD helps Zachry

to deliver superior value to our

customers by enabling us to

develop highly sophisticated,

integrated and accurate project

estimates, plans and

schedules.”

Norman B. Thurow,

Vice President and CIO

Zachry

Proven Results




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Top 5 Reasons Why You Should Attend

• Loretta Bayliss ( MD & Founder, Prescience Technology )

• Ian Watt ( Regional Director – APAC, InEight )

• Michael Maslen ( Solutions Director - APAC, InEight )

THANK YOU !!