UMT360 Blog

Blog Posts from the Leader in Enterprise Portfolio Management

Archive for June, 2014

How to Overcome IT Investment Roadblocks

Written by Mike Gruia on June 22nd, 2014 at 6:00 am

Many of today’s processes and methods for managing technology investments were not designed for networked organizations operating at high speeds. Financial management best practices  were not created for programs, portfolios and assets.

In a recent webinar, we polled attendees and asked them about which factors are most important in overcoming IT investment management roadblocks. The top top answers, Siloed Investment Thinking and Lacking Enterprise Roadmaps, together accounted for more than half of the total number of responses. This tells me that there is still a significant amount of siloed thinking when it comes to planning and implementation.

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Stop Wasting Your IT Spend

Written by Mike Gruia on June 11th, 2014 at 11:37 am

Today enterprises waste more money on IT than ever before and it’s not as if the money is going into growing and transforming the business. What, then, is pushing costs into these stratospheric levels?

Most of the money, an average 66% according to Gartner, goes into keeping the lights on and more than 6% is wasted because of mediocre maturity levels. With businesses and IT under increasing pressure to improve portfolio effectiveness and reduce IT costs, it’s essential that businesses find a way to mature their IT portfolio management so they’re able to optimize every dollar invested in IT.

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Digitalized IT Maturity Evaluated at Gartner PPM & IT Governance Summit

Written by Mike Gruia on June 9th, 2014 at 6:26 am

Having just returned from Gartner’s PPM & IT Governance Summit in Maryland, I’ve been reflecting on the many great discussions our team had regarding Digitalized IT and UMT360’s approach to Enterprise Portfolio Management (EPM).  Because we have long promoted the tenets of integration, transparency and digitalization as key to successful business investment management, it’s rewarding to see so many organizations today adopting the discipline of EPM to propel their businesses forward.

Digitalization was a strong theme at the Summit this year and we were interested in just how far along business are in digitalizing their IT.  We surveyed nearly 100 attendees who visited the UMT360 booth.  Visitors were asked to characterize their maturity in the four key areas.  They could indicate fully, mostly, little or none.

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Strike & Maintain the Right Innovation Balance

Written by Mike Gruia on June 7th, 2014 at 6:00 am

IT and the business knows:    The year-to-year viability of a company depends on its ability to innovate.

We have learned over the years that innovation comes from three sources.

  • Top Down – Driven by management imperatives (i.e. we have to be in the cloud)
  • Bottom Up – Can originate anywhere in the organization, everyone participates and offers new ideas (i.e. start with a blank piece of paper)
  • Middle – This core innovation represents efforts to make incremental changes to existing applications and incremental inroads into new markets.  Such innovations draw on assets the company already has in place.

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What is Portfolio Management?

Written by Ben Chamberlain on June 5th, 2014 at 6:00 am

Ask ten people to define portfolio management and you’ll likely receive ten different answers. Of the various definitions, most will focus on some sort of aggregate reporting across portfolios or highlight alignment of spend with strategic priorities and selecting the optimal project portfolio under varying budget constraints.

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UMT360 Announces the Release of UMT360 Portfolios

Written by Ben Chamberlain on June 4th, 2014 at 6:46 am

UMT360 today announced the release of the newest module in its leading Enterprise Portfolio Management solution – UMT360 Portfolios.  UMT360 Portfolios connects siloed portfolios (e.g. project, application, IT Service and business capability) to build a dynamic blueprint of a company’s operating fabric.  It provides three breakthrough EPM models to help CIOs, Portfolio Managers and PMOs visualize cross-portfolio relationships and gain the transparency needed to digitalize investments.  Click here to read the press release and here for more information on UMT360 Portfolios and UMT360 Financials.

Four Additions Named to the UMT360 Team

Written by Ben Chamberlain on June 2nd, 2014 at 3:20 pm

UMT360 is excited to welcome four new individuals to our Bellevue-based team.

Ashok Kuraganti has been named Vice President of Sales.  He brings to UMT360 extensive sales experience with organizations including Siebel, Oracle, Niku, SalesForce and ServiceMax.  Jeff Parmenter has joined our sales team as a Bellevue-based rep.  Jeff has previously sold enterprise software working for companies including Doxo and Technology Unlimited.  Emily Roddy has joined our Inside Sales Team and Briauna Fisher has been hired as sales support.

Interesting in joining our growing UMT360 team?  Visit our career page here.