Project Portfolio Management, IT Financial Management Blog

HP Sponsorship: IT Financial Management Conference

By Richard Hawes, Sr. Product MarketingManager, IT Financial Management, HP

The IT Financial Management Association (ITFMA) provides a comprehensive education program on the principles and practices used to financially manage IT organizations.

The ITFMA is running a conference at the historic Jefferson Hotel in Richmond Virginia June 21-25 in Richmond Virginia. HP is a major sponsor. This is a real practitioner's event and the conference and optional pre-conference workshops will cover principles and practices used by IT financial management for planning, controlling, pricing, evaluating and decision making purposes. There are multiple, focused conferences housed in one event and attendees can move freely between them on the days they are registered.

Come along and hear the latest from HP as well as from leading practitioners on a wide range of topics.

Visit the ITFMA website at for more details or to download a conference brochure. For details on HP's participation, contact me.




Get HP Discount at Gartner PPM & IT Governance Summit!

By Susan O'Connor

HP Software & Solutions is pleased to announce its participation in the upcoming Gartner PPM & IT Governance Summit, taking place June 7-9, 2010 in Orlando, Florida.  We hope you'll consider attending.

Register with priority code PPMHP10 and save $300 off the standard rate.

Attend and meet HP experts:

  • Talk with our experts 1:1 about your challenges and goals

  • Visit the HP booth:

    • See how IT financial management and PPM give you visibility and control at our demo stations

    • Discuss effect strategies to drive consistency, compliance and cost savings with our experts

You will also be able to hear an HP customer discuss their implementation, including benefits achieved and lessons learned.

Register today!

HP PPM and ITFM at Software Universe 2010 - Discount!

By Susan O'Connor, HP Sr. Product Marketing Manager

Join us on June 15-18 in Washington D.C. for a conference about outcomes that matter NOW-to your career, your organization and your business. There are two tracks dedicated to HP PPM Center and HP ITFM solutions. Take a look at the HP Software Universe online session catalog.

Anyone who wants to increase control, transparency and flexibility so that the IT organization delivers more value to the business should attend.

Register with the code INSIDER at and get $100 off the conference rate.

Follow us on  Twitter and Facebook feeds for more updates.










IT Financial Management: Getting the information you need today

By Bruce Randall, Senior Manager, HP Products


Recently I attended the Financial Planning and Forecasting Summit in San Diego and presented HP's vision for IT Financial Management to Chief Financial Officers (CFO), Controllers and Directors of Finance attending the show. Here are a few observations about the attendees:

1. Only one CIO or IT leader was present in the room out of roughly 100 in total

2. Only one participant operated IT as a business today (Profit/loss), and this attendee was employed by an IT outsourcing business

3. About half of the participants said IT reported to the CFO/Finance

4. Only one-third stated that IT budgets would increase this year, while the majority of the remainder said IT budgets would remain flat

5. I was met with agreement among much of the audience when I stated that demand on IT will continue to increase at a substantial rate regardless of budgets remaining flat

6. According to a recent survey, 40 percent of an organization's capital spending goes to IT - most attendees in the room found that figure to be too low.

7. The only person in the room who was confident that their IT department was capable of providing accurate budget plans uses HP Project and Portfolio Management Center to achieve this goal.

My presentation addressed why IT Financial Management is needed as a discipline and how today's corporate financial systems fall short in meeting the unique requirements of IT. I discussed how IT Asset Management and Project Portfolio Management solutions can address IT Finance requirements. Because these solutions support the entire IT process lifecycle for managing portfolios, programs, projects and assets, they capture right level of granularity needed for strategic and tactical decision-making.

Enterprise Management Associates, an industry analyst firm, authored the white paper "Taming the Elephant: Achieving Financial Management for IT and it provides many of the details my presentation covered. To learn more about HP's specific solution for IT Financial Management, go here.

A lighthouse customer tells all: How to gain transparency into IT spend and show the value of IT

By Ken Cheney, Director of Products, HP Software

For many companies, the recent recession was the perfect opportunity to take the time and effort to discover just where the IT budget is being spent. Implementing processes and procedures to help make IT operations more transparent -- and show the value of IT at the same time -- is essential for long-term operational excellence. It's all about transforming IT into a performance-based, metrics-driven organization.

Last June HP Software & Solutions announced a new solution designed to do just that:  help CIOS better understand their IT spend, improve decision-making, operate more efficiently, and better align IT with the business.   The HP Financial Planning and Analysis (FP&A) solution enables chief information officers (CIOs) to run IT like a business and demonstrate the business value of IT services. The solution brings together software and services to provide improved visibility, governance, accountability and predictability to IT finance. It is one of a number of solutions that are part of HP's IT Financial Management (ITFM) Portfolio.

Since HP FP&A and ITFM are fairly new, it's always interesting to see how our customers are  progressing with both implementing the cost-management solution and how well the solution is helping with the overall goal of renovating IT financial management. 

A recent Networld World article provided insight on customer John Hancock Financial Services. The article highlights how John Hancock leverages HP ITFM to focus their attention on IT cost management.  It explains why the company decided to purchase HP ITFM, the steps the company is taking to implement, and their progress to date in renovating IT financial management at the firm by 2011.  I think it's worth the read.  Let me know what you think.


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About the Author(s)
  • Brian is a Product Marketing Manager for Application Development Management Solutions with and previously for Project and Application Portfolio Management, with extensive experience in presales and implementation roles.
  • 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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