Project Portfolio Management, IT Financial Management Blog

Driving transparency for IT financial management — are we all speaking the same language?

FT.jpgI have been meeting with CIOs and other senior IT leaders over the last couple years. And they always say they want to provide better IT transparency. Yet driving transparency into IT costs, benefits and risks turns out to be difficult. It’s so difficult (but so important) that I want to look at what’s keeping IT leaders from realizing this goal.

HP Project and Portfolio Manager’s Co-Captain: What HP Agile Manager can do for you

Sprint.jpgThere is no “I” in team, and the same holds true in your IT environment. (Even though there is an “I” in “IT” but I digress…)

 

Keep reading to find out how HP Agile Manager strengthens your project and portfolio management.

Enhanced Service with the new HP Project and Portfolio Management mobile apps!

Have you ever experienced a project crisis while away from your system? I know these situations tend to occur at inconvenient times, like on weekends or at night.

 

Now with the new HP Project Portfolio Management mobile apps you can solve your request management and timesheet approvals remotely. Continue reading to find out how you can maximize your efficiency and time. 

Expert tips and tricks to take your solution to the max

tips and tricks pic.pngA database connection is the way in which a database server and the client software communicate with each other in order to send commands to and receive replies from the server. 

 

If your HP Project and Portfolio Management (PPM) instance is running out of database connections, continue reading to find out the best way to solve the problem

HP Project and Portfolio Manager (PPM) integrations: An introduction to the PPM Dream Team

If you were choosing the members of a basketball team, who would you choose? In 1992, this idea became a reality when the first Olympic team with NBA players took the court. They were known as the “Dream Team” for good reason.

 

The same applies to your project management. If you could pick the software to help you, what would you pick? Keep reading to find out what products I consider to be on my “Dream Team”.

Managing your IT portfolio: Some things to think about!

Myles 3.jpgHave you balanced your program and project portfolio? Can you say that your existing  and projected portfolios are optimized in terms of responding to changing enterprise priorities and demands. Your IT organization is responsible for the cradle-to-grave portfolio process. As part of this responsibility, you need to ensure that the IT portfolio of services (whether existing or projected) meets the enterprise’s priorities and demands. This is important because it strengthens the enterprise’s capabilities system, and thus, its right to win within new and existing businesses. In this post, I will review what COBIT 5 has to say about portfolio management goals as well share their recommended portfolio management metrics. 

How can you drive innovation within the Project Management Office?

Myles 3.jpg“How can we drive innovation?” This is a relevant question for most Project Management Offices (PMOs). It is also an important element of the IT value chain. “Can IT drive innovation from strategy to portfolio?” This requires innovation that is formulated against all business, technical and functional requirements toto truly support the needs of business customers. IT organizations need to have their “eyes wide open” to trends in information technology and services to understand where to focus this innovation. But often, it mostly it involves having a PMO that delivers on innovation opportunities and ensures that the benefits meet business needs.

A PPM tool without the ability to measure is like a day without sunshine

Sunshine.jpgRecently, I met with a CIO from a Global 50 company. When I discussed with him the importance of IT performance management, he admitted that none of his vendors ever talk to him about IT performance management. I was amazed. He went onto say that having a performance management system would ensure that he gets real business transformation and ROI out of his IT investments. “What I need is best-practice KPIs to measure along the journey,” he said. Given this, how should performance management be used alongside a project and portfolio management tool and what should it measure?

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

Not Quite the ‘Born on the 4th of July’ Blog;

I sit here writing this on the 4th of July which, for the Americans in my audience, is a day of celebration......

 

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And, for those who are not U.S. citizens, you may wonder why this Day of Independence happened at all........  Well let me start with a couple of thoughts. When an organisation, such as the British Empire, 1) gets too large too quickly, without de-centralising accountability to make decisions at levels best suited for the local community and 2) insists on centralising all aspects of life and regulation at one central point without reference to local sensibilities, well, you see what can happen.

 

Tea, anyone?

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?

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The F Word of Project Management: What Has it Taught You?

Brian.jpg

Failure.

 

Yes folks, the F bomb that no one really likes to talk about. We know from the statistics and research from eminent groups like Standish and Gartner that over 60% of projects still fail, and that means that for the vast majority of those reading this blog post, you have been in a project that has 'gone south.'

 

HP Discover: A View Through Project and Portfolio Management Tinted Glasses

We came, we saw, we conquered. HP Discover was, as always, a spectacular event. The presentations were well intended, the customer interactions incredible, the partner support amazing, the Venetian beautiful , Las Vegas hot and the 80’s music rocking. After months and months of planning, these three days always feel like they go by in the blink of an eye.  Before our heads stop spinning we wanted to put fingers to keys and invite you to take a look at Discover, through our Project and Portfolio Management tinted glasses. 

 

 

 

 

Paint By Numbers: A PPM Perspective on HP Discover Day One

It is H-O-T in Las Vegas and not just due to the weather. HP Discover is turning up the heat with countless hot Project and Portfolio Management topics from across the globe. #agile #cloud #mobility #bigdata #HPDiscoverHasItAll.

 

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HP Discover: An HP PPM Navigation Guide

Viva Las Vegas and The Venetian from June 11- June 13! Below we’ve provided your PPM Navigation guide to the 3 days and over 500,000 square feet of HP Discover. In keeping with the theme of the event, look to the future and plan your PPM attack. From brand new product demos, to breakout sessions with experts, to real-life customer stories, we’ve got something that is sure to tickle your fancy.

HP PPM Special Interest Group (SIG) at HP Discover: What’s On Your Mind?

The PPM Customer Forum special interest group, or if you’re into acronyms like we are, SIG,  is open to all HP PPM customers coming to Las Vegas for HP Discover. We want to know what you would like to hear about, directly from customers, partners, and HP product staff on the latest HP PPM developments. Let us know in the comment box below or join the conversation on the HP PPM LinkedIn grouplarge.png

Project Leadership from the Inside Out

Brian.jpg

We're all human, and humans tend to clump into groups and elect or select leaders, or in some cases have leaders thrust on them by intimidation and force, but ...We have leaders and they need to figure out how to lead, and quickly, when placed in command.

 

Some leaders crave the power and the privilege it gives them, some balk at the responsibility and frankly wonder if they are even up to the job. This last case I know all too well. (Insert laughter here from those of you who know me.)

 

The fragility of Agilty? Why controls are still important.

It never cease to amaze me most mornings when I turn on my smartphone, or admittedly, my iPad, that there is either a couple of my apps that need a download. Or have downloaded automatically in the night.Brian.jpg

The greater flexibility that agile development methodologies are providing teams to deliver at a faster pace are changing the way in which we consume our application technology.

 

 

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

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HP PPM Reporting Live from the Gartner PPM & IT Governance Summit: Win an Elitepad 900 G1 Tablet

Greetings from D.C. and the HP Project and Portfolio Management team! We are on site at the Gartner PPM and IT Governance Summit in National Harbor, MD and will be reporting live throughout the conference. Be sure to follow us at @HPPPM for all the latest news and updates from the summit.

It’s a 9.21! HP Project and Portfolio Manager (PPM) 9.21 is Now Available

HP PPM 9.21 brings a number of new benefits and features we think you’re going to enjoy. We don’t want to give it all away, but we did want to highlight a few new things we’re especially excited about. Read on to fiParis - Q Face.jpgnd out what!

 

 

 

McGraw-Hill's Best Practices with HP Project and Portfolio Management (PPM): Leaders Stick Together

McGraw-Hill valued the "Information Age" before it ever existed.  Established in 1888, the $15 billion company has always understood the value of collecting, packing and selling information to help individuals and companies prosper.

 

 

logo_mcgrawhill.jpg 

McGraw- Hill first implemented HP Project and Portfolio Management many years ago, piece by piece via department-level licenses. That all changed in the late 2000's when they realized it would be more effective to implement the total HP Project and Portfolio Management Solution, rather  than purchasing licenses on a department-by-department basis. Then the forward thinking company took it a step further, forming the Project and Portfolio Management Center of Excellence (PPM CoE) within their IT Department to really maximize their return.

 

And maximize it they did. Kimberly Hicks, Manager of Quality Assurance, McGraw-Hill says “HP Project and Portfolio Management has helped us establish best practices across our organization, which in turn drives efficiencies in terms of both time and costs."

HP PPM 9.2 Timesheet Submission MiniApp: Making Lives Easier One Timesheet at a Time

We at HP PPM 9.2 have just released the Timesheet Submission MiniApp, designed to make life on-the-go just a little bit easier for PPM Center users. Working offsite? No VPN access? No worries. Users now have the ability to create, edit and submit timesheets directly from their smartphones without logging on to PPM Center.

 

Join us at the Gartner PPM & IT Governance Summit and get $300 off registration

 If you are a senior business or IT professional, there is no better place for you from May 20 – 22, 2013 than at the Gartner PPM & IT Governance Summit in National Harbor, MD and we have a special offer for $300 off registration. With guest keynote speakers like General Colin Powell and a robust agenda customized to your PPM role, this trip might just change everything concerning your view on what’s possible through IT and PPM solutions.

 

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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?

 

 

 

Experience the power of Performance Anywhere Analytics

Are you getting advance notice on application performance problems? Would you like to have a real predictive monitoring solution for your business applications?

 

Now you can gain the advantage of HP Performance Anywhere to proactively address issues before your end users experience them. Continue reading to learn how you can get your hands on a beta version of HP Performance Anywhere.

 

Written by Alon Inditzky
Performance Anywhere | Product Manager
HP Software

HP Software improves your visibility into application development projects

PPM Center.pngToday, HP announced the latest version of its HP Project and Portfolio Management (PPM) solution, which enables enterprises to support and prioritize fast-paced application development projects, while enabling the alignment of IT priorities with business objectives. 

 

Written by Bruce Randall

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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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