Primavera ProsightÂ® Fast Track Solutions Facilitate OMB 300 And 53 Preparation And Earned Value Information Management
New Releases for Budget Year 2010 Enhance Reporting, Evaluation, and Data Management for CPIC Budgeting and EVM Crystal City, Va., April 21, 2008 â€“ Primavera Systems, Inc., today announced the release of its ProSight Fast Track for Capital Planning and Investment Control (CPIC) Budgeting and Fast Track for Earned Value Investment Analysis (EVIA) solutions for budget year 2010. These Commercial-Off-The-Shelf (COTS) software packages allow agencies to streamline and manage all aspects of the Office of Management and Budget (OMB) Exhibit 300 and 53 development and submission for budget year 2010. The Fast Tracks equip agencies with a collaborative and consistent process for collecting and reporting government-mandated project data as well as evaluating the strength of each program or project â€“ identifying â€œkeepersâ€ vs. weaker business cases.â€œInfluenced by changes in government leadership, priorities, and tactics, Federal reporting requirements seldom remain static,â€ said Margo Visitacion, industry marketing manager, Primavera. â€œPrimavera develops its Fast Track solutions for specific fiscal years, such as this newest release for budget year 2010, to empower agencies in the prioritization of goals and funding and to streamline the reporting process.â€ Primavera Fast Track for CPIC Budgeting allows agencies to leverage budget formulation data in the capital planning process. The software is already configured for OMB Exhibit 300 and 53 forms so agencies can begin completing them immediately upon installation. Additionally, the solution provides updates to Exhibit 300 and 53 forms as OMB releases them, enabling agency program managers to achieve OMB compliance throughout the fiscal year. With a built-in submission utility and customizable configuration, the solution virtually eliminates custom report writing and also provides critical insight into business case strengths and weaknesses.Available independently or as an extension to the ProSight Fast Track for CPIC Budgeting solution, the Primavera ProSight Fast Track for EVIA solution automates the collection and reporting of Earned Value Management (EVM) data, allowing agencies to leverage one consistent and centrally-managed process for EVM data collection. When used with the ProSight Fast Track for CPIC Budgeting solution, Fast Track for EVIA also automatically populates the Cost and Schedule section of the OMB Exhibit 300 and consolidates required EVM data in spreadsheet format for submission to OMB. â€œWith Web-based interfaces and customizable scorecards, these solutions provide Federal managers with the information they need, when they need itâ€“ ensuring agencies spend less time reporting and more time focusing on areas critical to program success,â€ said Visitacion.About Primavera ProSightPrimavera ProSight offers world-class enterprise investment management solutions for business and government. These solutions drive planning and control for all types of business or technology investments, deploying objective, auditable processes and metrics, while facilitating collaboration among all stakeholders. ProSight-powered organizations achieve rapid results, including rationalization of current spending, optimization of support for the business, and active governance to obtain the highest possible return on investment. Primavera ProSight solutions are widely used by the U.S. Government for IT Investment Management (ITIM) including CPIC processes and FISMA compliance. Other solutions include large asset portfolio management, research investment management, and capability management within the Department of Defense. About Primavera Primavera is a software company who provides business solutions for a project-driven world. The company helps organizations identify which projects are most important, and makes it easy for people to work collaboratively on those projects and deliver them successfully. Primavera solutions are industry specific and highly scalable, with the power to support global enterprises. Primavera solutions have ensured the success of projects collectively worth more than $6 trillion, including the management of IT projects that span the globe, the complex manufacturing of high tech products, construction of the worldâ€™s tallest buildings, ongoing multi-billion dollar oil discovery projects, and space exploration. For more information, visit www.primavera.com or call +1.800.423.0245.