Benefits Realization Software
UMT360’s Benefits Realization & Outcome Management tool helps define and communicate business strategy and track results across the enterprise.
Benefits Realization Management is essential for aligning all execution with strategy. This Strategic Portfolio Management Accelerator makes it easy to derive all initiatives from strategy through a powerful hub that standardizes metrics & assesses and tracks performance across all initiatives.
UMT360 Benefits Realization Accelerator Key Features
UMT360’s Benefits Realization Accelerator makes it easy to derive all initiatives from strategy through a powerful hub that standardizes metrics & and tracks outcomes across all initiatives.
Provides a powerful hub for all strategy
UMT360’s Benefits Realization Accelerator provides organizations with one centralized hub that helps them define and effectively communicate business strategy across the enterprise.
- Manage all enterprise Strategic Objectives in one place.
- Set timelines for achieving each Strategic Objective.
- Assign priorities, ownership and segment all Strategic Objectives.
- Provide stakeholders with visibility into the real-time progress of each objective
Standardize key metrics and set targets
Establish and define the right financial & non-financial metrics for each strategy and set targets to ensure that outcomes can be measured.
- Define key financial and non-financial metrics associated with each Strategic Objective.
- Control which metrics drive the progress of each objective to completion
- Configure an appropriate measure for each metric
- Manage time-phased targets on a monthly, quarterly or annual basis
Derive all initiatives directly from strategy
Quickly decompose strategy into the right initiatives needed to drive transformation, and assess portfolio sufficiency to ensure that outcome targets can be met or exceeded
- Create new initiatives and align them to your Strategic Objective.
- Understand the value of each initiative by forecasting their impact on one or more metrics
- Categorize and describe initiatives using configurable attributes
- Standardize scorecards to better prioritize all initiatives
- Define key milestones and manage inter-dependencies with other initiatives
Track progress against desired outcomes
Easily track key initiatives and dynamically assess the benefits realization and performance of each metric.
- Track the value realized by each initiative, using time-phased actuals on each metric
- Re-forecast expected benefits throughout the life of your initiatives
- Track a wide variety of metrics on different granularities (monthly, quarterly or annually)
- Roll-up initiative-level forecasts and actuals to the metric-level
- Assess real-time variance between targets and actuals
Visualize the performance and completion of strategies
Track objectives across the lifetime of all initiatives to gain a clearer understanding of progress and gauge the probability of success.
- Gain visibility into which objectives may be lagging relative to original expectations
- Drive the progress of objectives based on the completion of their underlying metrics
- Visualize the alignment of your execution with strategy, using portfolio-level roadmapping tools
- Communicate valuable strategic insights to stakeholders, using powerful dashboards
See UMT360 Benefits Realization Accelerator In Action!
Tracking results is easy when all execution is derived from strategy.
Schedule your demo to see a cockpit-view of the controls needed to measure results and master outcome management. Learn how of UMT360’s Benefits Realization Accelerator can help you more effectively derive all execution from strategy.
Get the outcome management and benefits realization capabilities you need, quickly and easily
UMT360’s Accelerators are designed to be implemented quickly with minimal consulting or configuration. Watch this demo now to see how these powerful outcome management capabilities you’ve been missing can help your organization.
What you’ll see during this Accelerator Demo:
- Define, prioritize and communicate business strategy across the enterprise
- Standardize metrics and set targets (both financial & non-financial) for each strategy
- Derive initiatives directly from strategy and assess portfolio sufficiency
- Assess initiative performance and track the performance of strategies and metrics
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Quick and easy integration with a variety of project management tools
Get up and running quickly and integrate roadmaps with both traditional PPM project management and Agile work management tools.
- Get started quickly by importing projects, epics and more, along with associated data from Excel
- Utilize out-of-the-box connectors to easily sync projects and milestones from Microsoft Project, Jira, Azure Boards and other platforms
- Powerful connectors provide real-time integration with project execution tools to ensure your roadmaps are always up-to-date
Part of UMT360’s comprehensive strategic portfolio management platform
Need a specific Portfolio Management Accelerator right now? Let’s get started! Each one delivers powerful stand-alone capabilities that you can have up and running in just a few days. And since they all complement each other, it’s easy to add additional capabilities – in any order you’d like – whenever you’re ready. Best of all, each is part of UMT360’s comprehensive Strategic Portfolio Management Platform. Which means that with every Accelerator you add, you’re that much closer to having all the capabilities you need to align all investments with strategy and ultimately accelerate digital transformation.
Get the project portfolio management capabilities you need, quickly and easily
Every UMT360 Strategy Execution Accelerator is designed to be implemented quickly with a minimum amount of consulting or configuration. Leveraging best practices garnered from years of successful client engagements, these powerful Accelerators provide precisely the capabilities you need, without weeks or months of configuration.
Roadmapping & Release Management
Roadmaps are powerful tools to help ensure that all investment decisions are clearly understood across the organization. By visualizing and communicating key dependencies enterprise-wide, roadmaps serve to help harmonize decisions and track progress across all investments.
Resource Management & Capacity Planning
Resources must now be managed across agile, waterfall or even non-project-orientated work systems. Gaining visibility across all resources – and optimizing utilization and capacity planning – is a critical challenge for any organization hoping to fully realize its business strategy.
What-If Scenario Analysis
Generating what-if scenarios and modeling potential outcomes based on ad-hoc questions used to require teams to stay late and manually crunch numbers. But what if you had the tools to respond to any possible question about any portfolio with just a few clicks?
Demand & Innovation Management
You never know where project requests might come from. But one thing is clear, to do more than simply choose the best from a bad list of ideas, you’ll need a robust demand management solution to provide enhanced visibility across all work
Benefits Realization & Outcome Management
UMT360’s strategic portfolio management solution provides a centralized hub that makes it easy to break down strategy, define its components, map it to the associated execution and communicate it to all relevant stakeholders across the enterprise. Quickly derive all execution directly from the strategy, and generate work that is perfectly aligned with strategy.
Cost Management & Capital Planning
Business agility requires that all investment be continuously aligned with business strategy. That’s why UMT360 helps organizations elevate cost data to the same level of importance as schedule and resource data, enabling PMOs to deploy the right financial governance controls needed to become CFO of portfolios.
The Importance of A Robust Portfolio Outcome Management Tool
Comprehensive Benefits Realization capabilities – a critical component of strategic portfolio management – are key to ensuring that every outcome in the enterprise portfolio is what you were actually hoping for.
Whether it’s financial, reputational, regulatory, or any other category label you want to apply, every investment has to produce a meaningful outcome or it fails.
Aligning the work you do with your organization’s strategy
If in the pursuit of strategic portfolio management, the organization endeavors to gain a holistic view of all work, it will also need to ensure that the actual results of that work – the outcomes – are the focus of everyone’s attention. Because the only reason any of those investments are happening is to generate an outcome – the right outcome.
Outcome management is therefore a direct result of defining the right strategy and making the right investments. As you move from a project to a product or program-based investment approach and then on to one that’s capability driven, you can derive all of your work directly from your strategy. In parallel, as you move from annual planning to continuous and adaptive planning, you need to ensure that you are always adjusting the alignment of the work you are doing with the strategy and outcomes to ensure you are optimizing the value being achieved.
Combined, these factors make outcome management more straightforward and more attainable – as long as you decompose your strategies effectively. That has to start with clear and complete communication. Your various business functions have to take your corporate strategies and develop clear focus areas and departmental strategies of their own that map directly to the corporate objectives.
An outcome, by any other name, still must deliver results
One must manage something to achieve a desired outcome. Until recently, many organizations projected benefits during the business case phase of a project in order to garner support and funding. But once the initiative was approved, the business case was archived or ignored, along with any further mention of benefits. But with the advent of a concept called OKRs – objectives and key results – the opportunity to actually manage outcomes was reborn. But to avoid outcome management simply becoming benefits management 2.0, some fundamental changes need to occur.
Identifying the right metrics, and then tracking them is key to realizing benefits
OKRs must be defined for each of those strategies that not only demonstrate the alignment to corporate goals but also state the metrics – financial and non-financial that will be used to measure success. Apply targets to those metrics and you now have effective OKRs for each departmental strategy and a direct line back to your corporate strategies.
Continue the decomposition of strategy and you define actionable initiatives, projects and programs that directly relate back to business strategies and contribute to the attainment of the key metrics. You now have enough granularity to determine how each of those metrics will be measured – directly or through proxies, from the bottom-up or from the top-down. And you have a framework for outcomes that the portfolio manager can actually manage against. Sufficiency can be tested at every step to ensure the work being done, collectively and individually, is projecting to make the contribution that is required.
It’s important to visualize performance across the lifecycle
This isn’t a ‘one and done’ sufficiency check, it happens continuously to reflect the fact that environments, priorities and capabilities are continuously evolving. And to reflect the fact that you are actively tracking actual outcomes in addition to updating forecasts. Combined, those factors not only allow for early identification of issues, but also supports more effective adaptive planning and more effective execution because outcomes are not only front and center, but always directly tied back to the strategies they support.
Learn Why Strategic Portfolio Management is Critical to Enterprise Success
Any enterprise looking to drive growth and fuel a competitive advantage must first connect and align all execution with strategy. UMT360’s solution provides all the portfolio planning capabilities needed to establish both the top-down business planning and bottom-up controls required to integrate all portfolios and improve project execution to accelerate business transformation.
Benefits Realization Software
UMT360’s Strategy & Outcome Management tool helps define and communicate business strategy and track results across the enterprise.