Benefits Realization Software
UMT360’s Benefits Realization & Outcome Management tool helps define and communicate business strategy and track results across the enterprise.
Key Features
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.
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
Dynamic Analysis/What-If Scenario Modeling
Conduct what-if scenarios – in just a fraction of the time – to show the impact of any proposed change to your project and program portfolios across costs, resources, benefits, value, timeline and more. Quickly and easily respond to any possible question about your portfolio, proactively triage today’s problems or even model and predict possible future problems.
Quick & Easy Integrations
UMT360 portfolio management solutions tightly integrate with a wide variety of work management ERP, and other critical systems within your enterprise.
See UMT360 Outcome Management Software in Action
Watch a recorded session of a live UMT360 solution demonstration to see the software in action. And if you’d like an even richer experience, request your own customized demo or Free Trial.
Get the strategic project portfolio management capabilities you need, quickly and easily
Every UMT360 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.
Portfolio Roadmapping
This Strategy Accelerator adds the powerful roadmapping capabilities you need to create, maintain and share beautiful Roadmaps and Boards in minutes.
Resource Management & Capacity Planning
Add this Strategy Accelerator to quickly and easily master resource management and capacity planning to maximize resource utilization.
What-If Scenario Planning & 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 Management
Capture disruptive and innovative ideas from anywhere within the organization to help ensure that the next great idea doesn’t fall through the cracks. Move away from disparate sources of business case information like Excel, Word and Powerpoint to better govern and standardize all demand and improve decision making.
Benefits Realization & Outcome Management
Establish and define the right financial & non-financial metrics for each strategy and set targets to ensure that outcomes can be measured. 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
Cost Management & Capital Planning
Corporate capital planning software provides a top-down view of all projected costs to support both traditional annual planning and dynamic/continuous planning. Consolidate and streamline the standardized capture of cost estimates across a wide variety of dimensions.
Application Portfolio Rationalization
Application Portfolio Rationalization is critical component to help you assess and streamline your software environment to improve efficiency, reduce risks and create a foundation for future evolution.
Explore Enterprise Solutions
Strategy Execution Management
Addresses the key challenge of gaining visibility and instituting the proper controls across all work. with the right top-down business planning and controls is it possible to align all work with strategy.
New Product Development
NPD requires all areas of the business to collaborate effectively. This only happens when the right people can make the right decisions based on the right information at every stage of the process.
Lean Portfolio Management
Enables organizations to adopt the rolling wave continuous planning approaches that provide the agility needed to more effectively align all work with key strategies.
Business Capability Planning
Business Capability Planning is an integrated, end-to-end solution that helps you effectively and efficiently deliver critical business functionality at the heart of how your business operates.
Application Portfolio Management
APM enables today’s technology and business leaders to ensure the right technology assets are in place, that they are optimally aligned with the needs of the business, and that they are being invested in to support the organization’s strategic objectives.
Business Architecture
Provides the models, visualizations and linkages to other architecture disciplines you need to quickly gain valuable insights across your organization from a variety of business-centric perspectives.
Enterprise Architecture
Business outcome-driven Enterprise Architecture extends traditional architecture practices to allow leaders to focus on activities and strategies that align to specific business requirements and strategies.
E&C Portfolio Management
UMT360’s engineering and construction portfolio management solution enables Owners & EPCs to align capital / construction and engineering projects with strategic priorities. Easily integrates with Procore and leading construction management platforms.
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.
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. To learn more, check out our guide on mastering benefits realization and outcome management.
Ready to Unleash Your Business Agility?
Business agility is impossible without strategic portfolio management, and strategic portfolio management is what UMT360 does. In fact, we wrote the eBook on it. And it’s something we can help you deliver – with culture, focus, process, education and yes, a little bit of integrated software. So, let’s get started!
