Public sector organizations throughout the world will require an estimated US$57 trillion in infrastructure investments between now and 2030, according to the McKinsey Global Institute. The organization also says that by taking steps now to improve productivity, governments can reduce infrastructure spending by 40 percent, for an annual saving of US$1 trillion.
To help meet these challenges and opportunities, Oracle released its public infrastructure monitoring cloud accelerator, a new solution for selecting, planning, and monitoring the performance of public infrastructure development projects. It’s part of a series of new Oracle cloud services accelerators tailored for individual industries. (See related stories in this issue for details about Oracle cloud services accelerators for the financial services and engineering and construction industries.)
“Oracle’s public infrastructure monitoring cloud accelerator delivers a preconfigured cloud solution that aggregates information across the full lifecycle of public sector programs,” says Yasser Mahmud, vice president, industry strategy and business development, Oracle’s Primavera. “Public officials can track complex infrastructure projects and programs to know exactly where they stand in terms of cost, schedule, scope, and resource demands. In addition, the new solution identifies important facts, such as how many new jobs are associated with a project, so leaders can communicate the value to taxpayers and stakeholders.”
With Oracle’s public infrastructure monitoring cloud accelerator, public sector entities can propose, prioritize, and select infrastructure investments based on strategic objectives. As a result, organizations can ensure that they’re selecting the right program and that the activities are being implemented according to the overall plan. If cost and scheduling deviations occur, the problems can be detected early to enable timely interventions.
Financial traceability is provided by Oracle’s Primavera Enterprise Project Portfolio Management and best practices developed for the public sector. The ability to closely track project funding helps maintain the confidence and support of investors and the public. Tight controls also contribute to anticorruption measures important for large-scale public infrastructure initiatives. The new accelerator is designed to support a variety of government models, including federal, state, national, provincial, municipal, and smart-city bodies.
Other benefits include tools for better communication and collaboration among team members, improved regulatory compliance, and the ability to manage unplanned project changes and shifting priorities.
Learn more about Oracle’s public infrastructure monitoring cloud accelerator by downloading the new solution brief.
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Oracle’s New Cloud Accelerator Improves Control of Large Infrastructure Projects
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