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
Confidential. Copyright Prescience 2015
PRESCIENCEGreat projects are delivered from great foundations
May
2015
July
2015
5
PRESCIENCEOur client base is reflective of our focus
Confidential. Copyright Prescience 2015
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
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
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
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
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
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
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
• Reporting and Dashboards
• HD Field Solution
• Increase accuracy 10-25%
• 33% increase in estimating efficiency
• Leading to 40% more project revenue
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
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
Why your estimating software should integrate
with scheduling?
SCOPE
TIME
COST
Project Triangle
Market Environment is Driving Innovation - “Connected” Projects
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
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
• Increase accuracy 10-25%
• 33% increase in estimating efficiency
• Leading to 40% more project revenue
Upcoming Event
Register at ineightexperience.com
Fairmont Scottsdale Princess
Oct.11-14, Scottsdale, AZ
Register at ineightexperience.com
1. Learn and leverage best practices to achieve success
2. Challenge the status quo
3. Networking with peers and industry leaders
4. Get inspired to improve
5. One-on-one training with product experts
We’re offering Hard Dollar E101 Course at the conference!
Top 5 Reasons Why You Should Attend