Project Portfolio Management, IT Financial Management Blog

The new and improved HP Project and Portfolio Management (PPM) 9.22 is here!

PPM 9.22.pngToday is the day! Today is the day where you get to open your first present of the season—HP Project and Portfolio Management 9.22!

 

Keep reading to learn how the improvements we made will improve your project and portfolio management.

Major manufacturer sees Executive Scorecard as enabling reduction of project cost

Mfg.jpgFor several years, I have been sharing HP Executive Scorecard with our customers. Usually, discussions with customers focus on continual improvement, creating improved IT predictability or, even better, business transformation. During a recent customer visit, the discussion covered those topics, but for the first time, the conversation also focused on direct cost reduction for the company’s project management office. The customer was looking to reduce PMO costs for two reasons.

Labels: PPM

Out with the Post It Notes, in with Agile

Let's face it, Agile is changing the PPM world.  

 

We all know that agile frameworks are rapidly gaining popularity among software developers. We also know that it is challenging to support dozens of fast-paced projects without losing track of the big picture. On top of it all, effectively controlling the organization to reduce risk and improve agility, while making sure the projects are aligned with IT and business objectives is challenging.

 

Why?

velocity mobiility.png

Update from Gartner PPM & IT Governance Summit- Shining One Liners

Here are some of our favorite forward thinking one liners from the conference so far:

If a project has an engaged executive sponsor, average success rate is 75%. @MarkLangleyPMI

 

IT PMs struggle with project value because they believe they represent IT not the project owner.@Nimblepm

 

Gartner_inc: The Changing Landscape of the PMO http://bit.ly/17uI9Xo #GartnerPPM @David_A_Thomas

 

"By the time something is around long enough to be a best practice, it's already out of date." ~ Coleen Young #GartnerPPM @AMStevens

 

"IT is the canary in the coal mine" - IT is a leading indicator of trouble ahead. #gartnerppm @ITLeaderDNA

 

Sittin on the dock of the potomac, watching day one roll away #gartnerppm @gaylordnational @HPPPM

GartnerpPM.jpg

Fit for Purpose: Why Choose Application Rationalisation?

Redundant, familiar, sacred cows – is this an accurate description of some of your current software applications?  How can IT and its end users get past the emotion and overcome the inertia inherent in well-entrenched legacy software? 

 

 

Many organizations are choosing application rationalisation because it affords a big picture view of how each asset uniquely contributes value to the business. It helps identify the most cost-efficient way to run a business process, even if it means that some existing applications with unnecessary or overlapping functionality are shown the door. Could such a process be introduced to your application environment before its tangled vines choke off the IT value-add to your business?

 

 

 

Above and Below the Line, HP PPM Shines

As you may have read in our last blog, HP PPM is in a word, awesome.  The Forrester Wave™ for Project/Program Portfolio Management 2012 ranked HP PPM as a Strategic Leader based on a strict repertoire of criteria. Continue reading to find out what Forrester said about PPM above and below the line.

HP PPM and HP Discover

Germany, at Christmas. What could be better? Add in an amazing conference and successful sessions and it was an amazing experience.

Labels: APM| Discover 2012| PPM

Expert insight: 3 models for integrating resource management all of IT Operations

Celil.jpegCelil Çiynekli, a Process & Quality Consultant based in Istanbul, Turkey and a valued contributor to our IT Experts community, has written a detailed guide to three models for managing integrated workloads of support teams (applications, infrastructure, etc.) and project teams using HP PPM and HP SM.


HP PPM at Gartner Project and Portfolio Management Forum

In Washington in May?  Come see us at the Gartner PPM  and IT Governance show

Labels: Gartner PPM| PPM

Why to buy a PPM solution - and the PPM scorecard

3 reasons why to buy a PPM solution, but also what should be in a  PPM scorecard.  Read more in Myles Suer's blog post from today

What can we learn from the shuttle?

You may have noticed yesterday's launch of the Space Shuttle Atlantis.   It was indeed a historic and spectacular conclusion to a 3 decade program of exploration and discovery.   What can we learn from this 30 year program?   Read on to see what I think are a few key lessons for project and program leaders.  

Labels: Lessons Learned| PPM

HP Live Network –for PPM Business Objects Based Operational Reporting

This is exciting news.   As you may recall, when we announced PPM 9.1 earlier this year, we talked about the new Business Objects reporting universe that is bundled with PPM to support operational reporting.   We also explored how Business Objects supports PPM in detail here.

 

Now, we’ve launched the mechanism to deliver new PPM business based operational reporting content.  Sometime in the near future, we’ll announce new reporting content through the HP Live Network.    The what?   HP Live Network.

 

The HP Live Network (HPLN) is a flexible and convenient mechanism to share and distribute updates and content. But, it’s not limited to just BO updates.  HPLN can be used to share other content, configurations both from HP and shared among the registered community.  Think of an app store or marketplace for PPM related content. 

HPLN Screenshot.png

 

 

Here’s what to expect at a high level:

  • HP Experts, Partners and Customers to share knowledge, best practices and add-on content.
  • Access to PPM HPLN is provided at no additional cost through Passport.
  • HP PPM Operational Reporting Content Packs will be available on PPM HPLN.

 

If you’re interested in joining HPLN, here’s how to get connected:

 

Customers can subscribe at: www.hp.com/go/PPM_HPLN for receiving notifications on PPM updates.

 

Check it out, it’s a great support tool that we’re confident will make getting updates and new features easier and simpler.

 

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

Labels: HPLN| PPM| reporting

KPIs to Manage your Portfolio

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How do you manage the key performance indicators for your portfolio to ensure that you have timely, accurate and actionable information?  

 

In many organizations, gathering the data and presenting the KPIs is a combination of brute force and art. (not to mention with questionable accuracy.)  

 

Sound familiar?       Sound frustrating?

 

There is a better way.

Labels: ITPS| KPI| PPM| XS

Application transformation: Keep your portfolio healthy

Don’t think of application rationalization and transformation as a onetime investment. It’s more of a lifecycle that you need to commit to keeping in shape. You need to have a consistent, transparent and reliable way to evaluate the new demand against your current application portfolio.  This is the intersection of enterprise architecture and  portfolio management.  

What does it feel like to be wrong?

I just finished watching Kathryn Schulz’s TED talk – “On being wrong” and when she asked the audience – “what does it feel like to be wrong?”  I was taken back and surprised by the answer.  

 

Yep, I was wrong too. 

 

 

Being wrong and making mistakes are common.  In an earlier blog post, I suggested that having a good lessons learned mechanism could help a project learn from the organization’s past.  Why relearn the lessons you’ve already learned?

 

 

But, when Kathryn goes on to explain that before you realize that your wrong, being wrong feels just like being right, I could only smile at the wisdom and simplicity of what she was suggesting.  It happens all the time.  (it might be happening right now)

 

Then, I read Robert Kelly’s post in Kelly’s Contemplation, where he describes his recent embarrassing experience where he made a mistake on a recent project that caused another team to have to put in extra effort to rectify.  (But, I don’t think he should have been embarrassed.)

 

So, on your projects and in your portfolio – what does it feel like when you’re wrong?  

  • When your requirements are wrong, (never happens does it?)
  • When the executive sponsor is wrong (contrary to popular opinion, they are not immune from being wrong), or
  • When the whole project is wrong?  (see Top Product Failures for a few examples, or the recent Business week article about product failures and how to prevent them.)

I think there are two things to take away:

 

  1. Accept and embrace the fact that sometimes YOU ARE WRONG and you don’t know it. 
    (though, the rest of us might..:-)   )  
    It’s OK to be wrong, making mistakes is what happens when you push the envelope and try to innovate.  Get over the stigma and plan for mistakes.  Frankly if you don’t encourage people to fail, then they won’t take any risks or try anything new.   How sad.

  2. Commit to continuous learning and growth.   Failing alone isn’t acceptable to me, it’s when our failures lead to growth, improvement and success is what is exciting.

 Learn how to fail. So you can learn how to succeed.

 

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

Discover 1:1 sessions with HP PPM Product Leadership at HP Discover

So you’re going to HP Discover.  You’ve built your schedule, you’re ready to go.  But you want more.   More information, more insight… well read more to learn how.

Labels: discover| HP PPM| PPM

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 Politico.com, (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

Happy Earth Day 2011

Today is the 41st celebration of Earth Day. Let’s take a brief moment to appreciate the things that we share as a community

Labels: Earth Day| PPM

HP Project and Portfolio Management powers application transformation

I recently shared a short update about some exciting sessions planned for this year at HP Discover. Today, you may have noticed that we’re talking about the importance of rationalizing, simplifying and aligning your portfolio of applications.  In many organizations, applications grow and evolve overtime, adding to costs and making it harder and harder to effectively support them all. The need for IT to be more nimble, agile and responsive is creating significant pressure on the application portfolio to become lean and nimble as well. This is why we’ve been working on how rationalizing and transforming your application portfolio can have a major impact on the value of the services you deliver.  

 

You may not have realized, but Project and Portfolio Management (PPM) plays a vital role in the application transformation journey.   The obvious part of how PPM fits in the story is managing the complex programs and projects that are needed to successfully implement the application transformation.  The “Portfolio” part of PPM is also important—being able to evaluate multiple proposed projects, determine alignment and make the best business decisions about which proposals to fund. 

 

But, it’s not that simple.  The first step of an application transformation effort starts with assessing the current state of the application portfolio.  Actionable information about the current portfolio is critical.  Based on current state, you will be able to identify which applications deliver the greatest value, present the greatest risk and are the most costly. You also need to understand how these applications relate to each other, as they rarely operate in a vacuum, but are often linked together sharing data and processes.

 

HP Application Portfolio Management (APM) is a new SaaS based capability that is built on top of the PPM platform.  APM leverages the powerful collaboration elements of PPM to gather and manage the vital information needed to make sound business decisions about managing and optimizing the application portfolio.   APM also APM Screenshot 2.pngincludes a new application to business process relationship visualization capability that helps to highlight how the various applications are related each other and to the associated business process.    But it doesn’t stop there.   APM fully leverages PPM’s portfolio management and visualization tools to help facilitate sound and timely business decisions about how to plan the application transformation journey.

 APM Screenshot 1.png

Initially, APM will be a SaaS offering exclusively through HP Enterprise Service’s Application Rationalization engagements.  As the APM product matures and evolves, there will be more options about how to access and leverage APM.  Stay tuned here and see us at HP Discover where we’ll have more updates about how this capability.

 

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

The PPM Market – in the key of Z

With over 15 years of experience in the PPM market, Michael Zuber, shares his insight and perspective on the overall PPM Market and offers his top 3 insights for you to consider.

Labels: PPM

Real-world benefits of a mature PPM approach

A major U.S. energy supplier implemented HP PPM to enhance the maturity of its project management processes and improve outcomes for roughly 600 projects a year.

 

We asked the company about the benefits realized using HP PPM. Here’s what they said: “We now have real-time, web-based visibility into our projects’ key performance indicators, from the proposal stage all the way through completion. In the past, we didn’t know how much project work was in progress and we didn’t know how loaded our resources were.”

 

In addition, the CIO now knows whether projects are on-time and within budget, which reduces business risk. And project managers can generate status reports in one hour instead of 11.

 

To learn more about the company’s HP PPM implementation and results, take a look at the success story here: http://h20195.www2.hp.com/V2/GetPDF.aspx/4AA2-2127ENW.pdf

Labels: PPM

HP PPM helps Europcar manage mergers

Take a look at this success story from European rental car company Europcar. With five major acquisitions in five years, Europcar needed to integrate disparate information systems into their proprietary ERP system and standardize all business processes. Already a user of HP LoadRunner and HP Quality Center, Europcar chose HP PPM for its advanced functionality and HP’s integrated platform.

 

According to the customer, HP PPM provided a clear and rapid overview of merger-related IT projects, enabling them to increase the number of projects managed while improving project control and resource allocation.

 

Check out the complete success story here: http://h20195.www2.hp.com/v2/GetPDF.aspx/4AA2-0133EEW.pdf

 

Labels: PPM

HP Communities can be fun! Follow the adventures The Coder, a new graphic novel

New Graphic novel, The Coder, premieres on HP Software Solutions community

 

Join the adventure as engineer David Wheeler finds himself entangled in more than he expects when his software design becomes the subject of intrigue.

 

Don’t miss the first weekly installment of The Coder, a new serialized graphic novel, now available here at the HP Software Solutions Community.


Find out why David is being followed and how much trouble he faces. Every week we will publish a new installment. Check back weekly.  Go here to read The Coder

Tags: HP Software
Labels: HP software| PPM
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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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