Microsoft Office 2007 Professional HP Unveils IT F

Hewlett-Packard, the world’s largest technological innovation firm, announced an answer in its IT Financial Management portfolio, HP Fiscal Organizing and Evaluation, built to support CIOs to run IT like a business and demonstrate the organization price of IT companies. HP says the answer brings collectively software program and providers to supply improved visibility, governance, accountability and predictability to IT finance.


The company’s FP&An answer is the first offering in the ITFM portfolio made to support IT organizations use business analytics to improve decision-making, operate more efficiently and align more closely with the rest of the enterprise, molding IT into a performance-based, metrics-driven organization. With the HP IT Financial Management portfolio, businesses can take on financial analysis, 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 computer software with enhanced economic and resource management capabilities.


HP FP&A software program combines a economic organizing and evaluation capability linked to a monetary data model. It consolidates economic information from project, asset and configuration management systems, as well as ERP (enterprise resource organizing) application. The software program automates the process of consolidating monetary information across labor and engineering 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 fiscal management with HP’s market-leading software program products and recognized consulting expertise in business intelligence, service management and IT computer software implementation,” said HP’s executive vice president of software and solutions Thomas Hogan. “We assist CIOs manage the business of IT with the same rigor as any line of company.”


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 organization 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 Monetary Management, their organization is driving the fiscal accountability of the technology organization. “We’ve benchmarked our IT spending in relationship to our operational expenses,Microsoft Office 2007 Professional, and it is substantially lower than that of our peers,” he said. “Our unit costs – meaning cost per desktop, per server, per gigabyte of storage – have dropped 14 percent.”