Microsoft Office 2010 Professional HP Unveils IT F

Hewlett-Packard, the world’s most significant engineering organization, announced an answer in its IT Economic Management portfolio, HP Monetary Organizing and Evaluation, built to support CIOs to operate IT like a business and demonstrate the business price of IT companies. HP says the remedy brings jointly computer software and services to provide enhanced visibility, governance, accountability and predictability to IT finance.


The company’s FP&An answer is the first offering in the ITFM portfolio made to aid IT organizations use business analytics to improve decision-making, operate more efficiently and align more closely with the rest of the business, molding IT into a performance-based, metrics-driven organization. With the HP IT Fiscal Management portfolio, businesses can take on monetary evaluation, project portfolio management and asset management capabilities to drive out inefficiencies in IT spending, HP said. HP also announced a newly enhanced version of HP Project Portfolio Management Center 8.0 application with improved monetary and resource management capabilities.


HP FP&A software combines a financial organizing and analysis capability linked to a financial data model. It consolidates fiscal information from project, asset and configuration management systems, as well as ERP (enterprise resource preparing) computer software. The software program automates the process of consolidating monetary information across labor and technology assets for fiscal evaluation. HP FP&A can be run as a stand-alone application or in conjunction with other HP software products such as HP Project Portfolio Management Center, HP Asset Manager and HP Configuration Management System.


“Customers can achieve successful IT economic management with HP’s market-leading application products and recognized consulting expertise in business intelligence, service management and IT software program implementation,” said HP’s executive vice president of software program and solutions Thomas Hogan. “We support CIOs manage the business of IT with the same rigor as any line of business.”


In a survey of more than 200 IT leaders worldwide conducted by PSB Research in May 2009, nearly half of the respondents said they lack investment rigor and have no form of portfolio management in place for aligning IT investment decisions to enterprise priorities. In addition, while 66 percent of senior IT leaders said IT-spending transparency is “very important” to their company stakeholders, only 44 percent reported that their stakeholders are “very satisfied” with their organizations’ spending transparency.

Jeffrey Johnson, deputy chief information officer and vice president of Operations and Infrastructure at Constellation Energy, a Baltimore-based supplier of energy products, said with HP IT Fiscal Management, their organization is driving the fiscal accountability of the technologies organization. “We’ve benchmarked our IT spending in relationship to our operational expenses, and it is substantially lower than that of our peers,Microsoft Office 2010 Professional,” he said. “Our unit costs – meaning cost per desktop, per server, per gigabyte of storage – have dropped 14 percent.”