Project and Portfolio Financial Management

The Challenge: Where Has The Money Gone?

Every organization needs to manage their finances to effectively provide products and services through the successful delivery of projects. The competitive advantage of a company hinges upon its ability to make decisions that provide the most value subject to constraints, and to account and provide full transparency around the investment and its benefits. In addition, in today's dynamic marketplace, it is not just enough to make sound decisions but to be able to make them efficiently and faster than your competition.

The Solution: Financial Governance Framework at the Project and Portfolio Level

UMT experts can use their experience across hundreds of companies to help define governance and financial management processes that are right for your organization’s business goals. Working with your team and drawing on our vast knowledge base, UMT’s best practices can optimize how your organization plans and budgets projects and portfolios, monitors and tracks costs and benefits, and makes decisions on project and portfolios. In order to drive success, UMT has years of experience with change management and can socialize, onboard and monitor the organizations maturity and adherence to the process by following key metrics.

All good decisions require a foundation of relevant and complete information upon which the tradeoffs can be weighed and the best decisions made. UMT can help you define processes and deploy technologies that enable your organization to identify key decision making information throughout the lifecycle of investments. Drawing from industry best practices, we can help you identify streamlined and consistent processes to identify new opportunities, plan the costs and estimate the benefits. Once decisions have been made, we can provide standardized tracking and management practices that allow you to maintain visibility and control over the execution of those investments.

The Platform: UMT Project Essentials

In order to get the most out of your project and portfolio financial management process, UMT recommends a single platform that brings efficiency, standardization and insight into your organization’s financials. UMT experts will help you deploy Microsoft Project Server and the UMT Project Essentials platform, configure it to support your unique governance and financial management processes and provide valuable financial intelligence that will allow you to make better decisions in a more agile manner.

In gathering all this information in a consistent and ongoing fashion, UMT can help you gain valuable insight into your business. Through our experience defining reports with executive teams, we can help you understand the costs driving the organization, the benefits that result from the investment decisions, the alignment of the decisions with business objectives and the value that you are realizing from those decisions.

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