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review of analytic tool features & benefits
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1
An Introduction toAcumen Fuse™
Dr Dan Patterson PMP, CEO Acumen
February 2010
Slide 2
Project analytics thought leader– Headquartered in Austin, TX– North America presence, global reseller network– Privately held, strong legacy within PPM space
Specialists in project analytics– Risk workshops: world leader– Project assessments, schedule analysis
Oracle OPN, MS Partner– Oracle accredited trainer
Project analytics tool: Acumen Fuse™
Acumen Introduction
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What is Acumen Fuse™?Metric analysis & visualization toolCost, schedule, quality, risk, performance & EVPatent pending ribbons for visualization Solutions for resolution– Improves scheduling maturity– Provides insight & confidence– Provides control during execution
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Analysis RibbonsMeans of flattening data, retaining sequenceGrouping activities into higher level entitiesEnables metric analysis beyond project levelGreat visual aid for simplifying data
Project Ribbon
Activity Ribbon(e.g. Critical/
non critical)
Path Ribbon
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Path RibbonsDetermines all paths between any two activities– Gives insight into upcoming complexity, cost, effort– Powerful simplification technique – Great for figuring out which paths to accelerate
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Metric Analyzers
Ribbon Analysis
Phase Analysis
Ribbon Analyzer: Analysis by ribbon Phase Analyzer: Analysis by phaseIntersection Analyzer: Pinpointed analysis
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Metric ScorecardsActivity-based reportCombined metric scores into total scoreCustomizable weightingsAuto generate Scorecards from Metric Libraries
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Ribbon View
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Metric Libraries
Over 100 metricsCustomizable tripwiresPowerful metric editor
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DCMA 14 Point AssessmentSupported within Acumen Fuse™True compliance with “Total Task” definitionAdditional schedule metrics included– e.g. Logic density
Merge with other schedule, cost, risk metricsIncludes tripwire metricsFull support for UN/CEFACT XML Schema
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Types of AnalysisSnapshot: single project– Pinpoint specific hotspots by ribbon– Pinpoint periods of concern– Pinpoint driver activities
Comparison: program/portfolio– Compare performance– Project selection decision support
Trending: changes over time– Performance trending– Timephased comparison
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Product Demos14 Point Schedule AssessmentNetwork Path AnalysisRisk AnalysisPerformance AnalysisPortfolio AnalysisEarned Value Analysis
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Case StudyEPC projectThree project locations– Houston – engineering, project management– Calgary - engineering– New Orleans - fabrication
Three competing Engineering biddersObjectives– Select winning bid– Develop achievable detailed schedule– Execute successfully
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Case StudyBid Phase
Opened up EPC contracts for bidExpected three bidders to replyTarget duration of approx. 3 yearsBidder A came back first– Evaluated planned duration– Evaluated quality of schedule
Results– 807 days duration (way less than 3 years), questionable scope– Poor quality schedule: logic, hard constraints, high durations– Major issues early on in the schedule– Calgary location generally was of poor schedule quality
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Bid ComparisonCompared Bidder A, B, C & reviewed:– Total duration– Cost– Quality of schedule
ResultsBidder Schedule Duration Cost Quality Selected
Bidder A MS Project 807 days $33MM Very Poor ✗Bidder B Primavera P6 1216 days $49MM Reasonable ✗Bidder C MS Project 1269 days $36MM Sound ✓
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Detailed Schedule DevelopmentScope further defined, schedule developedRisk Assessment workshop– Validate risk inputs & review outputs/exposure
Create sound Risk-adjusted baseline for execution
ResultsEngineering has highest # of aggressive activitiesAggressive activities fall early onAverage risk range peaks in 2011 with constructionConstruction carrying major schedule risk drivers
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ExecutionTrack schedule performanceTrack cost spendTrack by location
More non-critical work completed than critical, New Orleans – behind scheduleCalgary – significant cost overrun, cost overrun in early 2009
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Portfolio AnalysisCompare projects within a portfolio/programCombine metrics into a single scorecard
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Other Example Use CasesSchedule Critique– Review quality of planning
Ongoing Project Surveillance– Review monthly performance, changes to plan– IBR reviews, DCMA compliance
Portfolio Analysis– Compare performance of projects within a portfolio– Determine overall strategic value of projects
Contractor Performance Tracking– Track against agreed upon baseline– Early warning indicators for project delay/overruns
Risk Exposure Reduction– Identify & eliminate risk hot spots through targeted risk response
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Platform Support
Sources can be schedule, cost, risk, EV, other…Workbooks are platform agnosticUnlimited # of data sources– MS Project 2003/2007– Oracle Primavera P6– Oracle Pertmaster/Risk Analysis– Deltek Open Plan– Deltek Cobra– MS Excel– XML/UNCEFACT
Merging of data sources – Integrate cost & schedule
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Summary & BenefitsOne-stop shop for project analysisAn addition not a replacement for existing scheduling/risk tool investmentsValue for both owners & contractorsMulti platform supportOver 100 metricsHighly customizableIncludes web-based training
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Acumen Clients & References
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Find Out More!
Sign up for trial [email protected]
Receive notification of updates through Twitter@projectacumen
Webwww.projectacumen.com