UMT360 Blog
For the third straight year, UMT360 software is included in Gartner’s Magic Quadrant for Strategic Portfolio Management report. It’s just one more data point in the continuation of the growth and acceptance that UMT360’s solutions are seeing across the industry. “From record sales growth, to continued strong adoption of our software and services, to integrations with ...
Organizations have been investing heavily in business transformation projects in the hope of improving operations, increasing efficiency, and driving success. But the current trend suggests that these projects are failing at an alarming rate, with the benefits realization success rate often below 15%. This raises a series of provocative questions about why these initiatives are ...
Mediocrity in Strategic Portfolio Management(SPM) is a ticking time bomb that is threatening the success of organizations everywhere. The cost of failure is staggering, with recent studies showing that up to 70 to 90% of business transformation projects fail[i] due to poor portfolio management. This equates to billions of dollars wasted on subpar results, drained ...
A recent report initiating coverage of UMT360 by 451 Research asserts that strategic portfolio management (SPM) is key in helping organizations “capture what success looks like, understand current and future states in terms of architectures and business capabilities, and align different stakeholders to get there.” The report examines UMT360’s ability to deliver SPM capabilities to ...
Having already been positioned early this year in Gartner’s 2021 Strategic Portfolio Management Magic Quadrant, UMT360’s Strategic Portfolio Management (SPM) software is now also included in a new Forrester analysis of the SPM market. Forrester’s Now Tech: Strategic Portfolio Management Tools is the second major analyst report featuring UMT360’s software, and positions UMT360 as one ...
We’ve been telling the world for years now that Strategic Portfolio Management (SPM) is the key to accelerating business transformation. And now we’re happy to announce our inclusion in Gartner’s new SPM Magic Quadrant. Gartner’s first ever Magic Quadrant on Strategic Portfolio Management has positioned UMT360 for its completeness of vision and ability to execute. ...
A recent Gartner report offers insight into the evolving nature of PPM and the strategic portfolio management tools that program and portfolio management leaders need to effectively manage all work. This report is especially poignant to those who are tasked with driving digital transformation while also grappling with the associated challenges of managing work across ...
The most recent Gartner Market Guide for Strategy Execution Management features a simple but profound statement: “Strategy should always drive what we decide to do and how we decide to do it.” Take it from a company who has been saying essentially the same thing for years, that quote really nails it. Strategy execution expertise ...
Gartner’s 2019 Magic Quadrant for Integrated IT Portfolio Analysis Applications (IIPA) was just released, and once again, UMT360 has been recognized as a visionary provider. According to Gartner, “integrating portfolios using IIPA software enables IT managers to see the cost, effort, technical complexity, feasibility and interrelated effects of a proposed IT change or digital initiative ...
Last month in Washington DC, PPM leaders from all over the world gathered for Gartner’s Program & Portfolio Management Summit. We thought we’d share a few observations from the event. With close to 2,000 attendees, this annual Gartner summit is certainly one of the highlights of the year for anyone involved with PPM. As one ...
Gartner’s recent market guide on Strategy Execution Management Software advises that any PPM leader interested in driving business transformation invest in tools to help them more effectively manage strategy execution. So what does that mean? Gartner asserts that strategy execution management requires a solution that focuses on “supporting the dynamic portfolio management needs of business strategists, steering ...
For the seventh consecutive year, UMT360 is once again recognized as a Visionary in Gartner’s Magic Quadrant for Integrated IT Portfolio Analysis Applications (IIPA). In its 2018 report, Gartner recognizes UMT360 for its completeness of vision and ability to execute. The full report can be found here (Gartner subscription required). According to the Gartner report: ...
UMT360 has once again been recognized as a Visionary in Gartner’s 2017 Magic Quadrant for Integrated IT Portfolio Analysis Applications (IIPA). This is the sixth consecutive year that UMT360 has been recognized by Gartner for its completeness of vision and ability to execute. The full report can be found here (Gartner subscription required). According to ...
Gartner recently published its Market Guide for Strategy Execution Software. If you’re a Gartner client, you can access it here. The report speaks to the “execution gap” that many organizations are struggling with, and the main culprit seems to be a reliance on traditional tools and processes that keep project success rates stuck at around ...
What do people really mean when they talk about business transformation? And why do we seem to be hearing so much about business transformation within the context of project and program management? Perhaps a few insights from this year’s Gartner PPM & IT Governance Summit in Orlando can help to answer those questions. The future ...
We’re excited to be participating in the Gartner PPM & IT Governance Summit once again this year. The Summit will will be in Orlando from June 6-8. If you plan on attending, please do stop by the UMT360 booth and say hello. The theme of this year’s event is Results-Driven PPM: Leading Change and Delivering Value ...
This year’s Gartner PPM Summit was held just outside of Dallas, TX, in early June. One of the highlights of the event was the standing room-only presentation by UMT360 client Frank LaRocca about how PMOs need to adjust their methods to adapt to a changing business environment. The wild local weather that passed through the area just ...
No, the UMT360 team didn’t come up with the theme for this year’s Gartner PPM & IT Governance Summit. But we certainly could have. Because from our perspective, the event’s theme — Thriving on Digital Chaos: Innovation, Agility and Collaboration — sounds exactly like what we’ve been telling our clients for years now. It’s time for an Enterprise PMO. We’ve long ...
We asked the audience attending a recent UMT360 webinar – comprised mostly of Enterprise Architects (EAs) – a few questions. I learn the most when I hear directly from the professionals in our industry, so I thought I’d share a few of the results that I found particularly illuminating. “There is one prerequisite for managing ...
I am an avid proponent of the transformative effects of technology. Indeed, digitalizing traditional PPM is core to our mission of helping organizations bridge the gap between strategy and execution. That’s why the recent Q&A with Gartner “Thriving on Digital Chaos” caught my attention. It’s an interesting read, one that touches on the disruptive impact ...
(Part one of a series on the forces helping to drive a tactical to strategic transformation of the PMO.) For decades now, the PMO has been typically focused on tactical execution. Which is what made the keynote address at this year’s PMO Symposium – by one of the world’s foremost authorities on competitive advantage – ...
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 ...
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 Digitized 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 ...
UMT360 is pleased to be a Silver Sponsor of Gartner’s PPM and IT Governance Summit being held June 2-4 in National Harbor, Maryland. The two day summit with the theme “Resource Priorities. Generate Change. Realize Returns.” is described by Gartner as a premier gathering of senior executives, program/portfolio managers and IT leaders focused on realizing ...
In Gartner’s recently released 2014 CEO and Senior Executive Survey, a third of the executives surveyed named growth as their top priority. Businesses want growth but face a series of challenges when it comes to finding ways to paying for it. Among other things, the run-the-business investments are eroding capacity, consuming funds needed for growth, ...
An important part of Application Portfolio Management (APM) is creating a strong inventory of information and leveraging powerful business intelligence and analytic capabilities to help identify transformation alternatives and make decisions in terms of which applications to maintain, invest in, enhance or retire. A comprehensive application portfolio rationalization will help identify under-performing applications, redundancies within ...
A move is on to shift from project to product-based thinking which allows a business to focus on aligning investments with business drivers and adjust to quick shifts in the marketplace. A buzz really started when Gartner addressed the topic in a Matthew Hotle and Bill Swanton report which came out in November 2013. UMT360, ...
Analyst firm Gartner has released the results of its 2014 CEO and Senior Business Executive Survey and it finds that growth is on the minds of executives. A third of respondents ranked it as their top priority with IT also high on the list. In Gartner’s announcement of the survey, vice president and Gartner ...
In a recent presentation, Gartner Research VP Donna Fitzgerald told a standing room only crowd that PMOs must start change the way they see the landscape and understand that their improvement depends on an ability to deliver value. She explained that 80% of her company’s clients are below level 3 on Gartner’s 5 point maturity ...
When it comes to aligning investments with company strategy, organizations need to take a hard look at their existing system for managing investments. The current business operating system includes products and services, and capabilities such as processes and assets. What’s needed is an additional investment system capable of addressing both rapid change and challenges created ...
When looking at PPM in 2014, there is one dominant trend – a focus on value. Speaking at the recent Microsoft Project Conference in Anaheim, Gartner Analyst Donna Fitzgerald told a standing room only crowd that what clients are doing today, simply isn’t good enough. Improvement depends on an ability to deliver value. Fitzgerald used ...
IT spending is back up. Gartner reports the average IT spending increased by 4% in 2012 and is expected to increase by another 3.1% this year (Gartner Market Databook 4Q13 Update) reaching $3.8 trillion. The revival in IT spending suggests that progress is proceeding quickly so it may come as a surprise that many believe ...
UMT360 invites attendees of the Microsoft Project Conference in Anaheim next month to attend a session when we’ll be joined by Gartner Research VP Donna Fitzgerald to discuss the Most Important PPM Trends for 2014. Gartner has identified significant PPM changes underway and will share insight into how you can leverage them for success. Donna ...
As we wrap up 2013 and start to think about our plans for 2014, it’s time for businesses to take a look at their PPM and consider how it can be improved for the new year. In a recent UMT360 video, our Chief Product and Marketing Officer Ben Chamberlain was joined by featured Gartner Analyst ...
UMT has been positioned as a Visionary in Gartner’s newly released 2013 Integrated IT Portfolio Analysis (IIPA) Magic Quadrant. Visionaries are described as demonstrating a strong vision for innovative thinking around holistic, configurable IT portfolio management. UMT360 CEO Mike Gruia said, “we are pleased to be recognized in this report as we have worked to ...
In a UMT360 webcast, an industry analyst said that business leaders are now “reaching out to the market again looking for independent portfolio management functionality that will allow them to justify new investments and justify the redistribution especially of funds in order to exploit new business opportunities.” Today, it can be a daunting process for ...
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. UMT360 CEO Mike Gruia commented, “UMT360 is the culmination of ...
