Acumen Fuse Feb2010

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review of analytic tool features & benefits

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Acumen Fuse Feb2010

  1. 1. 1<br />An Introduction toAcumen Fuse™ Dr Dan Patterson PMP, CEO AcumenFebruary 2010<br />
  2. 2. Project analytics thought leader<br />Headquartered in Austin, TX<br />North America presence, global reseller network<br />Privately held, strong legacy within PPM space<br />Specialists in project analytics<br />Risk workshops: world leader<br />Project assessments, schedule analysis<br />Oracle OPN, MS Partner<br />Oracle accredited trainer<br />Project analytics tool: Acumen Fuse™<br />Acumen Introduction<br />
  3. 3. What is Acumen Fuse™?<br />Metric analysis & visualization tool<br />Cost, schedule, quality, risk, performance & EV<br />Patent pending ribbonsfor visualization<br />Solutions for resolution<br />Improves scheduling maturity<br />Provides insight & confidence<br />Provides control during execution<br />
  4. 4. The Need for Acumen Fuse™<br />Project failure is not being overcome<br />“Brain drain” in scheduling<br />More scrutiny in project investments<br />Government compliance increasing (e.g. DCMA)<br />Ensuring Project Success with Fuse™<br />Provides “planning intelligence”<br />Self-critique for planners/schedulers<br />Performance review & audit mechanism<br />Integrates disparate cost, schedule, risk, EV etc<br />Gives project alignment with strategic objectives<br />
  5. 5. Analysis Ribbons<br />Means of flatteningdata, retaining sequence<br />Grouping activities into higher level entities<br />Enables metric analysisbeyond project level<br />Great visual aid forsimplifying data<br />Project Ribbon<br />Activity Ribbon<br />(e.g. Critical/ non critical)<br />Path Ribbon<br />
  6. 6. Path Ribbons<br />Determines all paths between any two activities<br />Gives insight into upcoming complexity, cost, effort<br />Powerful simplification technique <br />Great for figuring out which paths to accelerate<br />
  7. 7. Metric Analyzers<br />Ribbon Analyzer: Analysis by ribbon <br />Phase Analyzer: Analysis by phase<br />Intersection Analyzer: Pinpointed analysis<br />Ribbon Analysis<br />Phase Analysis<br />
  8. 8. Metric Scorecards<br />Activity-based report<br />Combined metric scores into total score<br />Customizable weightings<br />Auto generate Scorecards from Metric Libraries<br />
  9. 9. Ribbon View<br />
  10. 10. Metric Libraries<br />Over 100 metrics<br />Customizable tripwires<br />Powerful metric editor<br />
  11. 11. DCMA 14 Point Assessment<br />Supported within Acumen Fuse™<br />True compliance with “Total Task” definition<br />Additional schedule metrics included<br />e.g. Logic density<br />Merge with other schedule, cost, risk metrics<br />Includes tripwire metrics<br />Full support for UN/CEFACT XML Schema<br />
  12. 12. Types of Analysis<br />Snapshot: single project<br /><ul><li>Pinpoint specific hotspots by ribbon
  13. 13. Pinpoint periods of concern
  14. 14. Pinpoint driver activities</li></ul>Comparison: program/portfolio<br /><ul><li>Compare performance
  15. 15. Project selection decision support</li></ul>Trending: changes over time<br /><ul><li>Performance trending
  16. 16. Timephased comparison</li></li></ul><li>Product Demos<br />14 Point Schedule Assessment<br />Network Path Analysis<br />Risk Analysis<br />Performance Analysis<br />Portfolio Analysis<br />Earned Value Analysis<br />
  17. 17. Case Study<br />EPC project<br />Three project locations<br />Houston – engineering, project management<br />Calgary - engineering<br />New Orleans - fabrication<br />Three competing Engineering bidders<br />Objectives<br />Select winning bid<br />Develop achievable detailed schedule<br />Execute successfully<br />
  18. 18. Case StudyBid Phase<br />Opened up EPC contracts for bid<br />Expected three bidders to reply<br />Target duration of approx. 3 years<br />Bidder A came back first<br />Evaluated planned duration<br />Evaluated quality of schedule<br />Results<br /><ul><li>807 days duration (way less than 3 years), questionable scope
  19. 19. Poor quality schedule: logic, hard constraints, high durations
  20. 20. Major issues early on in the schedule
  21. 21. Calgary location generally was of poor schedule quality</li></li></ul><li>Bid Comparison<br />Compared Bidder A, B, C & reviewed:<br />Total duration<br />Cost<br />Quality of schedule<br />Results<br />
  22. 22. Detailed Schedule Development<br />Scope further defined, schedule developed<br />Risk Assessment workshop<br />Validate risk inputs & review outputs/exposure<br />Create sound Risk-adjusted baseline for execution<br />Results<br />Engineering has highest # of aggressive activities<br />Aggressive activities fall early on<br />Average risk range peaks in 2011 with construction<br />Construction carrying major schedule risk drivers<br />
  23. 23. Execution<br />Track schedule performance<br />Track cost spend<br />Track by location<br />More non-critical work completed than critical,New Orleans – behind schedule<br />Calgary – significant cost overrun, cost overrun in early 2009<br />
  24. 24. Portfolio Analysis<br />Compare projects within a portfolio/program<br />Combine metrics into a single scorecard<br />
  25. 25. Other Example Use Cases<br />Schedule Critique<br />Review quality of planning<br />Ongoing Project Surveillance<br />Review monthly performance, changes to plan<br />IBR reviews, DCMA compliance<br />Portfolio Analysis<br />Compare performance of projects within a portfolio<br />Determine overall strategic value of projects<br />Contractor Performance Tracking<br />Track against agreed upon baseline<br />Early warning indicators for project delay/overruns <br />Risk Exposure Reduction<br />Identify & eliminate risk hot spots through targeted risk response<br />
  26. 26. Platform Support<br />Sources can be schedule, cost, risk, EV, other…<br />Workbooks are platform agnostic<br />Unlimited # of data sources<br /><ul><li>MS Project 2003/2007
  27. 27. Oracle Primavera P6
  28. 28. Oracle Pertmaster/Risk Analysis
  29. 29. Deltek Open Plan
  30. 30. Deltek Cobra
  31. 31. MS Excel
  32. 32. XML/UNCEFACT</li></ul>Merging of data sources <br /><ul><li>Integrate cost & schedule</li></li></ul><li>Summary & Benefits<br />One-stop shop for project analysis<br />An addition not a replacement for existing scheduling/risk tool investments<br />Value for both owners & contractors<br />Multi platform support<br />Over 100 metrics<br />Highly customizable<br />Includes web-based training<br />
  33. 33. Acumen Clients & References<br />
  34. 34. Find Out More! <br />Sign up for trial version<br />fuse@projectacumen.com<br />Receive notification of updates through Twitter<br />@projectacumen<br />Web<br />www.projectacumen.com<br />

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