Project Portfolio Management, IT Financial Management Blog

IT Financial Management – But what about National Debt Financial Management?

Here we go again.  


At least in the U.S., the politics of our national budget and what has become an all-too-common crisis du jour.  It’s probably the number one political shouting match here in the US.  (We’ve gone beyond civil debate, discussion, or what normal adults do to communicate with each other; now, it’s all about who can shout the loudest)


“CUT ALL ENTITLEMENTS”                      NO                               “RAISE TAXES ON THE WEALTHY”


And so it goes back and forth, and nothing seems to get done.  Wait.  


You’re not reading, (are you?) No, our focus is on how you lead, manage and deliver excellent IT services and projects. 


Budget challenges are not isolated to the government, but they are ubiquitous and common to all business divisions, especially IT.   But, you can’t magically raise a debt ceiling and print more money and most IT departments don’t have the option to temporarily furlough employees (at least not if you want to keep them). You’ve got to make your numbers, or find some other occupation.


Do you have the tools, information and insight you need?   Up until now, your primary weapon has probably been a spreadsheet, probably a mega spreadsheet with 5, 10 or 20 tabs.  You see, we’ve built an IT Financial Management (ITFM) solution called HP Financial Planning and Analysis to help you seize the day and take control of the ubiquitous budget struggles that almost all IT organizations face.


With HP ITFM, you are able to assemble the disparate data from a variety of systems, Asset information from Asset Manager, Project and Time data from PPM – giving you a complete picture of your operational andFPA 1.0.png strategic spending.  ITFM helps you visualize how your budget is performing and where you need to take action.  Essentially, ITFM can be your GPS to navigate the financial challenges of running a modern, complex IT environment.   Without the capabilities of ITFM, your financial information is typically out of date and often inaccurate.  It would be fair to say that you’re flying blind, or at least without modern instruments. Don’t have HP Asset Manager or PPM? Don’t worry, we can take data directly from that mega-spreadsheet you’ve been working on. 


So, what do you do when you need to raise your debt ceiling?


If you’re interested in HP ITFM, you can follow us at the HP ITFM/ PPM Blog  or even follow us @HPPPM on Twitter

Labels: FPA| ITFM| PPM

With PPM – you have the tools to plan to succeed – Customer Forum Wrap Up

I hope you had a great time at the PPM, Asset Management, ITFM and Executive Scorecard Customer Forum (that sure was a snappy title) in New York.  As you know, it was a full house, with lots of great interaction and insight.  The host, BNY Mellon created a fantastic environment for our two days together.  Customers shared their experiences, successes and challenges with each other and HP and key industry thought leaders.   It was a fabulous event and we’re glad you were there.   If you happened to miss it, then don’t worry.   We’ve got you covered.    Just join us next month in the city of lights – Paris France, where we’re going to facilitate the same great interaction and sharing.   Set your calendars May 12-13th, book your flights and get registered for what is shaping up to be a fantastic event.


The HP PPM Video Production Studio was busy developing a few short videos that help tell the story how APM, PPM, ITFM and Executive Scorecard help leaders like you become more empowered, efficient and effective.   We’ll be posting those cool videos shortly, perhaps we’ll even have a contest to see which one is most popular. 


I want to make sure that if you missed our excellent customer forum in New York, you know that we’ll be doing it again in Paris.   Hope to see you there.


If you’re interested in HP PPM, you can follow us at the HP PPM Blog  or even follow us @HPPPM on Twitter

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About the Author(s)
  • This account is for guest bloggers. The blog post will identify the blogger.
  • I help IT leaders to understand how well IT is performing from a business perspective.
  • Evangelist for IT Financial Management (ITFM), IT Governance and IT Portfolio Management, consulting IT organisations for Close to 15 years on principles of good governance.
  • WW Sr Product Marketing Manager for HP ITPS VP of Apps & HP Load Runner
  • Vesna is the senior product marketing manager at HP Software. She has been with HP for 13 years in R&D, product management and product marketing. At HP she is responsible for go to market and enablement of the HP IT Performance Suite products.
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