UMT360 Blog

Blog Posts from the Leader in Enterprise Portfolio Management

Archive for the ‘ROI’ tag

The Power of Regular Portfolio Reviews and Dynamic Reallocation

Written by Mike Gruia on July 18th, 2014 at 11:12 am

During a recent UMT360 webinar covering How to Become a Strategic PMO (see archive here), we found that only 1% have regular dynamic reallocation reviews via automated processes. Another 39% have regular reviews, but require manual, time-intensive efforts to collect and standardize data.

UMT360’s message to PPM practitioners is that this is their opportunity to take the leap to becoming a strategic PMO office by focusing efforts on gaining control of their investments. Annual planning and traditional resource allocation is not enough, as it cannot accommodate the challenges of market complexity and rapid change. Portfolio rebalancing allows organizations to keep their investment priorities in check and optimize the resource allocation and consumption.

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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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Microsoft Project Server & UMT360

Written by Ben Chamberlain on February 10th, 2014 at 4:42 pm

The  Director of Development for Microsoft’s Project Server Ludovic Hauduc was in the UMT360 offices recently and took a moment to talk about UMT360 as a Microsoft Partner and how our product is helping Project Server customers get more value from their PPM investment.  UMT360 is the only Enterprise Portfolio Management solution built on SharePoint with seamless Project Server integration.

 

Click here to learn more about how UMT360 is helping Project Server customers get more value from their PPM investment.

PPM 2.0: How a ‘Sweep Process’ Helps Maximize ROI

Written by Ben Chamberlain on October 25th, 2013 at 10:52 am

Almost two years ago, Con Edison’s Director of Business Improvement Services, Frank La Rocca, instituted a ‘sweep process’ to allow for dynamic budget reallocation.  “It allows project managers to release funds dynamically during the year and we can secure those funds for other projects.  Once we know a project is not going to use that money, we take it, we sweep it away and we invest it strategically in another project,”  Frank explains.  He says that allowed the utility to increase its utilization though it required a culture change early on.  “The sweep process is really where we get a lot of bang for our buck and if I were to describe the process, it’s really breaking the annual budgeting planning mold.  We had so many project managers say ‘that estimate you’re holding me accountable for , we did that so early on when we didn’t really know a lot about the project yet, now that the project is executing, you’re still holding me accountable and that’s not fair.’  What we allow them to do is literally reforecast on a quarterly basis and give up money that we can use for other projects.”

Learn more about how to institute a ‘sweep process’ to maximize your PPM ROI.  View Frank La Rocca’s webinar on dynamically reallocating funds to optimize capital spend.  Click here to view the recording and also to learn more about how incorporating Portfolio Financial Intelligence has helped Frank and his team more successfully manage their project portfolio.

 

Helping You Boost Your Project Portfolio ROI

Written by Ben Chamberlain on October 16th, 2013 at 10:37 am

Today, many companies are failing to realize up to 46% of the planned business value from their project portfolios. The key to recapturing that lost business value is Portfolio Financial Intelligence (PFI).

UMT360 is please to launch a series of three webinars presented by Frank La Rocca, Consolidated Edison’s Director of Business Improvement Services within the Finance Organization.  He will discuss his own experiences at Con Edison and other US corporations; look at the most common business practices contributing to that lost business value; and share a proven framework for creating a strong foundation for PFI.  You’ll learn how to go beyond traditional PPM capabilities to gain complete financial transparency, dynamically optimize capital spend, make smarter investment decisions and ultimately improve project success rates.

In his first session, airing on October 16th, Frank looked at changes businesses need to make today in financial estimating and governance to create a strong PFI foundation.  He covered building robust business cases to evaluate competing requests, aligning capital spend with strategic priorities, establishing baseline metrics to evaluate current performance, and determining and analyzing root cause.

Click here to view the webinar.  We’d also appreciate your feedback on the webinar series.

UMT360 Revolutionizes Portfolio Management

Written by Ben Chamberlain on August 12th, 2013 at 5:29 pm

UMT’s product group, UMT360, is pleased to announce the release of its most ambitious product offering to date. UMT360 revolutionizes portfolio management by providing comprehensive, integrated solutions to help companies gain financial transparency and dramatically improve investment decisions across their projects, products and asset portfolios.

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