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Biogen Idec has seen rapid growth throughout the years, enabling them to pursue various initiatives to enhance company development and productivity. As the company continues to grow, more initiatives are generated, making it more challenging to manage the hundreds of capital projects that are approved each quarter, as project data, project management, and reforecasting took place in disparate sources and was formatted in numerous ways.
To help increase data visibility and simplify the planning process, Biogen Idec elected to implement Oracle’s Project Financial Planning application (PFP) to help streamline the project planning cycle.
This session will cover the following topics:
1) Developing the Technical Design: Determining how to implement Project Financial Planning to meet Biogen Idec’s requirements for the short-term, while not negatively impacting long-term roadmap technical enhancements.
2) Using the Project Financial Planning Toolset: Identifying which components (Web Forms, Business Rules, Task Lists, etc.) to use and how to enhance them to fit Biogen Idec’s needs.
3) Benefits & Challenges of Implementing a Project Financial Planning application: Areas where development was simplified (adding custom Currency dimension to business rules) and more complex (modifying Smart Lists values).
4) Application Customization: The technical implications of adding two custom dimensions and how the application was integrated with another Planning application to send Capital Project data.