Oracle releases Primavera Portfolio Management 8

Oracle has updated its Primavera software with new management and analysis capabilities.

Primavera Systems, founded in 1983, was bought by Oracle in October 2008 and is a key player in the project portfolio management market.

Primavera Portfolio Management 8 gives businesses new capabilities to monitor performance changes and check progress against past and future milestones.

Oracle claimed that this will improve accountability and the success rate of delivering on expected returns.

New visual aids have been added to increase the pace of portfolio analysis, and tighter metric thresholds will provide businesses with earlier warning signs when investments are not performing well, Oracle said.

Additionally, the new release features improved scalability and performance of the analytics server.

"Organisations are under pressure to ensure that they are not only spending money on the right things, but flawlessly executing on those investments," said Joel Koppelman, Oracle's Primavera Global Business Unit senior vice president and general manager.

"With the launch of Primavera Portfolio Management 8, Oracle is effectively delivering an enterprise portfolio global positioning system that gives organisations the information and capabilities they need to optimise the selection and management of any type of investment."