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Only 30-40 per cent of Middle East companies aware of benefits of Portfolio and Project Management as a business tool
Published Mar 1, 2009
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Collaboration, Management and Control Solutions (CMCS), a leading provider of Project and Portfolio Management solutions and an authorized representative of Oracle Primavera in the Middle East, will present Portfolio and Project Management (PPM) as an essential business tool that can help regional project-driven businesses optimize performance and minimize risks to overcome the impact of the economic crisis, during a seminar to be held on March 3, 2009 at the Intercontinental Abu Dhabi.
To be held under the theme “Empowering Project-driven Businesses”, the event will enlighten Telecommunications, Engineering and Construction, Power, and Energy and Process firms on how PPM solutions can help them adapt to today’s challenging business environments by achieving efficiency and managing project risk. Although regional projects are currently the pillars of the regional economy, best practices such as project and portfolio management have yet to be fully embraced by contractors and developers.
Bassam Al-Samman, CEO and Founder of CMCS, said: “Despite proving itself as a key to business growth and development across the globe, especially during hard times, Project Management is still in its infancy stage when it comes to the Middle Eastern business community. In fact, only 30 to 40 per cent of companies in the region are aware of the advantages of using this business tool, as compared to 95 per cent in the US. We thus intend to capitalize on our roadshows to introduce the numerous benefits of PPM across the region’s project-driven sectors.”
Among the prominent companies that have confirmed their participation in the seminar are TAKREER, ADNOC Distribution, Siemens LLC, KEO International Consultants, TRANSCO, Taisei Corporation, Turner International, Alec LLC and Sembawang UAE Pte. Ltd.
The seminar will highlight the importance of Oracle Primavera solutions, Hard Dollar project cost management and Synchro 4-dimensional construction simulation software in managing costs and optimizing resources. It will also emphasize on how the world's leading Project and Portfolio Management solutions vendor, Oracle Primavera, enhances projects through products such as Primavera P6 Enterprise Project Portfolio Management, Primavera Contract Management, Primavera Earned Value Management, and Primavera Risk Analysis. Primavera Risk Analysis, for example, provides a comprehensive tool for assessing the impact of project risks on schedule and budget, determining the confidence level of project success and preparing contingency and risk response plans.
The complete range of CMCS PPM services, which includes professional consultancy services, software solutions and professional development trainings, will be presented during the show. Attendees will be entitled to four Professional Development Units (PDU) out of the 35 PDUs required for the Project Management Professional Certification Exam administered by CMCS on behalf of the Project Management Institute.
CMCS received a positive regional response from various industry decision makers during its recent roadshow in Jordan, which was attended by the Minister of Public Works and Housing, the Deputy Mayor of Amman, leading real estate, investment and construction companies.
Posted by
ROOT Technologies
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