Why does everything have to be so expensive?

1_Reporting Strategy.jpgAs you may recall, in our post about the PPM 9.1 Reporting strategy, John Jeremiah described the 3 levels of the PPM 9.1 approach to provide information for all the organization’s stakeholders.  In a previous post, I described our approach to serve information at the right level of detail for executive leaders with the HP Executive Scorecard.

In this update, I want to explore how PPM 9.1 works with HP Financial Planning and Analysis to address the complex challenges of managing the overall IT financial picture.

IT Executives understand the need to communicate with the rest of the business in business-friendly terms but all their management systems are providing them data that is very IT focused such as IT costs arranged in IT cost centers. Gathering disparate cost information from across the organization and allocating them under new models that are business-related can be a complicated and slow process. HP Financial Planning and Analysis (FPA) is HP’s IT Financial Management solution that brings together a complete and detailed picture of the financial performance of the IT organization.   Making IT investment decisions today requires the involvement of leaders from elsewhere in the organization to find the right balance of performance and cost.    FPA includes a rich allocation engine and links to available service models to switch from traditional accounting modeling to modeling that enables business decisions based on fully allocated costs and a services-based viewpoint.

2_FPA Screen.pngFPA is driven by financial data from PPM 9.1 and Asset Manager as well as other sources of financial information that you already have in place, creating a complete financial performance picture. A recent update allows for the rapid inclusion of data that you may already be gathering in spreadsheets.

FPA is not exclusively a reporting tool, the Cost Explorer function in FPA gives the users the ability to drill deep into the data and understand the key drivers within a complex cost / budget situation.

Though FPA is not part of the base PPM license, it can be easily added to PPM 9.1 installations – giving executives with the knowledge and insight to act.

More information on FPA can be found at http://www.hp.com/go.itfm

In one of our next blog posts, we’ll explore how Business Objects brings PPM 9.1 operational data to life.

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

Article source: HP PPM Blog

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