UMT360 Blog

Blog Posts from the Leader in Enterprise Portfolio Management

Archive for 2014

Survey Results Hint At Big Challenges for IT Transformation

Written by Hubie Sturtevant on October 28th, 2014 at 11:50 am

A big thanks to all the attendees of the IT Portfolio Management Conference in Chicago who stopped by the UMT360 booth. The event was a fantastic opportunity to connect with IT leaders looking to transform how they manage enterprise IT investments.

Many of the folks who stopped by the UMT360 booth participated in our 2014 IT assessment survey. It was a quick and fun survey that measured responses on a scale ranging from “I have No Idea” to “We’re Awesome!” This survey was designed to help provide a sense of how IT leaders see their own organization’s development and transformation especially as it relates to these five principles of Enterprise Portfolio Management.

The results of the survey suggest that there’s ample opportunity for IT organizations to improve their portfolio management capabilities. Read the rest of this entry »

IT Transformation Comes To Chicago

Written by Hubie Sturtevant on October 20th, 2014 at 12:30 pm

A fresh breeze of innovation is blowing into the windy city this week as the UMT360 team prepares for the IT Portfolio Management Conference in Chicago. If you plan to be at the show, stop by the UMT360 booth and say hello. While you’re there, take an IT assessment survey and pick up an invite to our Happy Hour.

In addition to having lots of fresh innovation to share, we’ll be talking about IT transformation, and the five steps every organization needs to consider.

You can read more about UMT360’s five principles of Enterprise Portfolio Management that inform these five steps, but in case you’re wondering, those steps are:

  1. Connect IT – Integrate portfolios & strategy
  2. Cost IT – Gain financial transparency & insights
  3. Plan IT – Analyze & synchronize roadmaps
  4. Deliver IT – Improve project execution & ROI
  5. Measure IT – Track performance & results

Read the rest of this entry »

Traditional Strategic Planning Is Still Not Very Strategic

Written by Mike Gruia on October 14th, 2014 at 10:09 am

Enterprises have invested billions of dollars implementing PPM solutions under the promise that they would increase project effectiveness and efficiency. But have those solutions delivered on their promises?

Unfortunately, the answer is no. Traditional PPM is simply failing to deliver the anticipated results. There are many reasons, but at a fundamental level, PPM is notorious for lacking a business focus and for placing too much faith in scheduling. In a recent UMT360 webinar Transform 2015 Planning: Moving from Project to Capability Based Investment Planning, CEO Mike Gruia shared some startling statistics:

  • Nearly 33% of projects fail to meet their goals or business intent
  • Nearly one in five projects fail to be completed
  • 43% of all projects are delivered late or over budget
  • Only 54% of the investments deliver their promised value

Are We Just Planning for Planning’s Sake?
Read the rest of this entry »

Just What is a Strategic PMO?

Written by Paul Rosien on September 29th, 2014 at 7:26 am

UMT360’s recent webinar schedule has focused on enabling PMOs to be strategic. Great topics, with some world-class PMO professionals including Learning How to Establish a Strategic PMO with Carl Souchereau from SNC Lavalin T&D, and Changing the PMO Status Quo with Frank La Rocca from ConEd. In fact, we’ve seen so much interest in the Strategic PMO idea that we’ve created a local breakfast series, starting initially in Chicago and Houston.

Read the rest of this entry »

Cumulative Update 5 (CU5) for UMT Project Essentials 2012

Written by Alexandra Schiopu on September 19th, 2014 at 10:16 pm

We are pleased to announce the release of the UMT Project Essentials 2012 Cumulative Update 5 (CU5). UMT strongly recommends that you test this in a non-production environment first before applying the fix live in production.

Read the rest of this entry »