Con Edison’s Director of Financial Governance Frank La Rocca is using Microsoft Project Server and UMT360 to provide financial intelligence across the company’s $2 billion portfolio. He discussed how UMT360 is helping him optimize the capital spend and drive results during the Microsoft Project Conference in Anaheim earlier this year. He also shared his governance framework for increasing financial intelligence, building a credible PMO, establishing a ‘sweep process’ to dynamically reallocate capital spend and more.
La Rocca has a sharp understanding of the importance of Portfolio Financial Intelligence. When he was named VP at a major northeastern utility company, he says the CFO and COO told him they wanted to ensure IT spending was aligned with corporate strategy. To answer strategic alignment questions, he went in search of information about the total portfolio spend and value but says that information was difficult to come by.
“The answers had to be culled from many different systems and spreadsheets and from interviewing the right people.”
La Rocca says having financial transparency was key to his being able to achieve his team’s goals and support the organization’s overall strategy. At the Project Conference, Frank discussed financial intelligence, his experience identifying the software that would best help him achieve his goals, and how it is working for him today.
Click the links below to view the series of complimentary UMT360 webinars presented by Frank La Rocca.