Among other key goals, every IBP initiative helps departments within the organization make informed decisions on capital investments and new product introductions. It can then help provide the senior management teams with a comprehensive view of departmental goals. Integrated Business Planning is usually part of a broader budgeting, planning and forecasting process relying on information technology to prepare departmental plans and combine them into a single plan.
For organizations that need to manage capital expenditures, UMT combines business intelligence with effective technology solutions and the know-how to allow organizations to see benefits quickly.
UMT’s approach brings together the organization’s context, business issues and goals with extensive expertise on best practices across industries. This provides a structure to translate business objectives into sought after results aligning strategy and design into execution.
Using UMT’s Implementation Approach will Enable Broad Adoption and Foster Actionable Insight
Understanding utilization of resources within an organization is a critical first step that can enable the identification of resource availability. As work demand fluctuates, the up-to-date availability information proves useful in understanding how and when this demand can be met. This visibility will eventually allow the ability to balance the capacity to utilize resources as effectively as possible.
UMT has partnered with different types of organizations of all sizes across industries to set up resource management capabilities and help mature the organization from resource assignments, to resource utilization, demand planning, and capacity balancing.
Schedule management increases the organization’s confidence on the delivery timing of investments and also allows the organization to identify impacts to different geographies, markets, business areas, etc. which is crucial in Integrated Business Planning. As the capability matures, project managers are able to incorporate past schedule information to improve future planning.
UMT’s approach on schedule management across IT delivery, capital investment and new product development projects – among other types – focuses first on establishing common phase milestones giving the organization a solid starting point for commonality; then progresses to a standard work break-down structure aligned to standards and governance as applicable, and eventually advancing to resource loaded schedules to further mature the resource management capabilities.
The ultimate goal of accurate estimation is to decrease costs by increasing predictability. Continuously improving estimates also decreases the costs of incremental delivery while increasing work productivity by leveling the workload and reducing waves in resource demands. Estimation plays a key role to further the Resource and Schedule Management capability areas.
UMT works with clients to assess their estimation expertise and helps develop a roadmap to adopt best practices by first clearly defining the criteria to consider a work package “done”, then establishing standard ranges and eventually refine these ranges depending on the activity’s specific characteristics.
Financial management brings the ability to analyze/predict the financial implications of decisions. This is critical if we consider an environment with limited resources where the biggest ‘bang-for-your-buck’ must be pursued. Financial management brings visibility not only into costs but also into financial benefits that impact the bottom line positively.
UMT has over 25 years of experience optimizing costs and benefits by evaluating portfolios and aligning them to the organization’s strategic drivers.
In a business environment in which big data is playing a larger role every year, it's becoming increasingly clear that for the important decisions just having data available is no longer the end goal of analytics. Being able to distill data down quickly to just what is needed for the task at hand is a key part of maximizing the time of decision-makers, freeing them to spend less time sifting through spreadsheets and more time being thought leaders.
UMT has a long history of helping companies across all industries use their project and portfolio data effectively, creating reporting and analytic solutions that show the right information at the right time.