http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.24Change: 0.09
R/$ = 10.57Change: 0.03
Au 1306.12 $/ozChange: -6.51
Pt 1486.50 $/ozChange: -2.00
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Suppliers Directory Research Jobs Announcements Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Jul 20, 2012

Business Initelligence integral to successful project management

Back
Engineering|PBT Group|PROJECT|Project Management|Projects|Resources|Systems|Information Management|Information Technology|Operational Source Systems|Project Management|Systems|Andreas Bartsch|Business Intelligence|Data Warehouse|Information Technology
engineering|pbt-group|project|project-management|projects|resources|systems-company|information-management|information-technology-industry-term|operational-source-systems|project-management-industry-term|systems|andreas-bartsch|business-intelligence|data-warehouse|information-technology
© Reuse this



Business intelligence (BI) and information management services provider PBT Group emphasises the important, yet underused, role that BI plays in project management, especially for the information technology (IT) sector.

PBT Group programme manager Andreas Bartsch tells Engineering News that BI entails the use of applications and tech- nologies to gather, provide access to and analyse the data and information of company operations.

He notes that BI services are beneficial to companies that struggle to come to terms with the integration of data from the different operational source systems to provide “one version of the truth” about the state of their business and data.

“Our typical BI solution includes a data warehouse, which gives the client a centralised, cross-functional view of the information within the entire organisation,” says Bartsch.

He adds that BI solutions can also be used in support of programme or project management.

“If a project manager has access to certain BI solutions, he or she can use these to improve project management esti- mates, for example, based on learning from past experiences.

“BI in project management can contribute to improving the key aspects of the discipline, namely the time, cost and quality of a project. More importantly, such solutions allow one to measure the value of the programme or project in terms of what you are delivering and how it compares with the client’s objectives,” says Bartsch.

He notes that more organisations are realising the advantages of using resources like BI and project management cross-functionally to the benefit of the whole organisation.

“Integrating BI into project management can also have an influence on the financial model used for project implementation.

“BI solutions that contain management information of projects will enable the project manager to make better decisions and, therefore, mitigate risks and ensure a better project outcome,” he says.

Bartsch points out that defining clear business objectives, as well as understanding and managing clients’ expectations, is critical to ensuring a project’s success.

“Often, especially in the IT industry, project owners do not understand what is actually being delivered, or that what is delivered is not in line with their expectations.

“That said, project owners and stakeholders are often guilty of creating unreasonable and unrealistic expectations about the cost, duration and deliverables of a project,” he says.

He points out that in a situation like this, a project man- ager’s well-meant attempt to meet these expectations are usually unsuccessful.

“It is like setting the project up for failure before it has even begun. Organisations have to realise that the successful management of a project comes from a partnership between the key stakeholders and the project manager.

“It is not the project manager’s responsibility to make unreasonable or unachievable expectations a reality. Project owners must accept accountability for ensuring that such expectations are being managed,” states Bartsch.

He notes that project managers are often selected only on their understanding of the discipline and their qualifications.

“It is important for organisations to select a project man- ager in line with the specific project at hand.

“Factors like the type and nature of project (whether it is strategic or task orientated, for example), the size of the team, as well as the number of internal and external stakeholders involved, should be taken into consideration when interviewing and hiring a candidate.

“Concepts like prototyping, or proof of concept, are also considered important for BI-type projects,” he says.

Prototyping involves exposing the client to a visual sample of what will ultimately be delivered. This is done at various phases of the project and ensures that what is being delivered is still in line with what is required.
Meanwhile, Bartsch is positive about PBT Group’s future.

The company’s client base comprises medium to large corporate enterprises in various industries, including banking, insurance, telecommunications and retail.

“As a BI provider, we are well positioned to take advantage of the opportunities that will arise, as BI is now becoming a critical enabler in organisations’ aspirations to run better businesses and projects.

“From a project management point of view, we plan to keep integrating our past experiences into our methodologies, which will allow us to improve the quality of our work, as well as mitigate risks and face the challenges as best we can,” he states.

Edited by: Chanel de Bruyn
© Reuse this Comment Guidelines
 
 
 
 
 
 
 
 
Other Project Management News
ARNOUT VAN HAARLEM A project management company must thoroughly understand the needs of the client
A project management company must thoroughly understand the needs of the client before it can successfully manage an engineering and construction project on behalf of the client, says engineering and construction company Fluor South Africa project director Arnout van...
JEFF SHAW The project management industry is cyclical in nature
The South African project management industry is currently not thriving because the slow pace of infrastructure investments is negatively impacting the industry, professional services firm KPMG infrastructure and major projects director Jeff Shaw says. Although...
MINING IT The beneficiation of resources is a complex sequence of events
Project management is useful to the mining industry, as it organises a team of specialists, such as geologists, environmental specialists, mining engineers and processing specialists, who need to collaborate to successfully complete projects, says process engineering...
More
 
 
Latest News
Nersa's Thembani Bukula
Updated 2 hours 17 minutes ago A standardised tariff for electricity resellers is needed to avoid consumers being overcharged, energy regulator National Energy Regulator of South Africa (Nersa) said on Tuesday. "The pressing problem right now is that there is a standardised tariff that they...
Economic Development Minister Ebrahim Patel
Updated 2 hours 25 minutes ago Economic Development Minister Ebrahim Patel says government will be prioritising six ‘I’s as part of its “radical economic transformation” agenda for the coming five years. Delivering his Budget Vote in Parliament on Tuesday, Patel said the six components...
Venetia mine
Updated 2 hours 37 minutes ago In what could be the single-largest contract awarded to construction major Murray & Roberts (M&R) since the Eskom power build programme, M&R subsidiary M&R Cementation has secured a R2.6-billion contract to develop an underground mine beneath diamond major De...
More
 
 
Recent Research Reports
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
Real Economy Insight: Road and Rail 2014 (PDF Report)
This six-page brief covers key developments in the road and rail industries over the past 12 months, including details of South Africa’s road and rail network and prospects for both sectors.
Real Economy Insight: Steel 2014 (PDF Report)
This four-page brief covers key developments in the steel industry over the past 12 months. It provides an overview of the global and South African steel and stainless steel markets, South Africa’s major steel producers and events that have shaped these markets.
 
 
 
 
 
This Week's Magazine
Local aerospace company Denel Aerostructures (DAe), part of the State-owned Denel Group, has won a fourth contract to manufacture parts for the Airbus A400M military air transport and air-to-air refuelling aircraft. The new contract, which was won in an international...
Bob Skinstad
Although CEO Mark McChlery and chief marketing officer Bob Skinstad likened themselves to children in a playground when taking on the task of “reengineering and repositioning” the Seartec brand, the “young, dynamic and enthusiastic guys” were like proud...
An increasing number of buyers, in both the new and used car markets, are opting for finance structures that lower their monthly repayments, says asset financing company WesBank. These include the use of large balloon payments (also known as residuals), as well as...
Tertiary education institutions can use search engine giant Google’s Chromebook to provide secure mobile end-point devices for students on which they can share documents, work collaboratively on documents and access education materials and applications being used...
Local ceiling and partition company Abbeycon has beaten global competition at the Saint-Gobain Gypsum International Trophy competition, which was held last month in Berlin, Germany.
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks