PMO

UMT360 Blog

The View From The Gartner PPM Summit

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 …

Is Your PMO Ready To Lead?

UMT360’s own Ben Chamberlain presents the keynote at this year’s Project Management Days event in Helsinki. I was invited to be the keynote speaker at this year’s Project Management Days in Helsinki. It was an honor to kick off this event in front of hundreds of project management professionals from around the world. But I have …

It’s time for the PMO to focus on the big picture

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. We’ve long held that the old ways of managing …

Managing Investments – That’s Your Real Project!

We met a lot of folks at the Microsoft Ignite Conference in Chicago last week. And while everyone we spoke with had unique and specific challenges, one common thread ran through our conversations. Most organizations we spoke with used Microsoft Project Online or Project Server as their PPM tool, yet still wanted a more efficient and effective way to manage their projects. …

Things Will Be Heating Up At Ignite Next Week!

Close to 20,000 people will gather in Chicago for Microsoft Ignite during the first week of May. We’re looking forward to seeing everyone there, but we’re particularly interested in connecting with anyone who manages or depends on Microsoft Project Online and Project Server. If that sounds like you, and you’re planning on attending Ignite, please …

The Enterprise’s Biggest Challenge – Bridging the Planning & Execution Gap

A recent UMT360 webinar attracted about 200 project management professionals interested in learning more about how today’s PMO can bridge the planning and execution gap. Judging from the responses to our poll questions during the presentation, nobody doubts that there is a gap. But it’s clear that many organizations are not quite sure what may …

Digitalization And The Changing Role Of PPM

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 …

Powering The Strategic PMO

You’re probably familiar with the grim statistics. Industry analysts tell us that traditional PPM is failing to deliver the anticipated results. And despite continued and significant investments in PPM, companies are still losing up to 46% of the planned business value from their project portfolios. Clearly, the status quo isn’t working. But a new breed …

Calling All Strategic PMOs (And Those Looking to Become One)

Back in July, we ran a successful webinar discussing what it takes to create a strategic PMO. The webcast, led by Carl Souchereau, formerly of TransAlta and now Project Director at SNC Lavalin, provided practical advice around mastering the important yet tactical aspects of project management as well as taking strategic responsibility for managing the …

The Power of Regular Portfolio Reviews and Dynamic Reallocation

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 …

UMT360 Announces the Release of UMT360 Portfolios

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 …

How do you create a strong Enterprise PMO?

Consolidated Edison’s Frank La Rocca did such a great job setting up an enterprise PMO to handle a $200 million portfolio that the energy company has asked him to do the same for $2 billion of spend.  What made him so successful? La Rocca understood early on that he had to have the portfolio transparency …

Join us at Gartner’s PPM & IT Governance Summit in June

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 …

Changing the PMO Status Quo with Frank La Rocca – May 13th

Today, many businesses are questioning the effectiveness of their traditional Project Portfolio Management (PPM).  What does the PMO need to do to position themselves as leaders with the ability to optimize the spend and maximize ROI across the portfolio? Join Con Edison’s Director of Financial Governance Frank La Rocca for a look at how he …

Three Steps Toward Benefits Realization

Research shows us that businesses rarely get full benefits from their investments.  It’s largely why Benefits Realization is such a hot topic today.  Defined by Gartner as the discipline organizations adopt to maximize the business value of projects and investments, Benefits Realization software allows senior management to see how specific investments align with the business so they’re better able …

The Trifecta of Business Value Erosion

Despite significant investments in PPM, it is failing to deliver the anticipated results.  Both Gartner and the Standish Group have reported low project success rates and UMT360 research finds that today companies are failing to realize up to 46% of the planned business value from project portfolios. UMT360’s Chief Product and Marketing Officer Ben Chamberlain …

The PMO of the Future

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 …

What is PPM 2.0?

UMT360 is focused on delivering PPM2.0 for our customers – the new PPM which provides organizations with the complete perspective they need to make better decisions about projects – decisions which ultimately will translate to more ROI.  But what does PPM 2.0 really mean? PPM has evolved significantly over the last 15 years.   Organizations have …

Are you ready for PPM 2.0?

UMT360 is pleased to bring you a series of webinars on PPM 2.0 – Why Portfolio  Financial Intelligence (PFI) is Key.  You can click here to view the recording of the first in the series presented in late September  by UMT360 CEO Mike Gruia.  Join us for the next three webinars being presented by Frank …