Project Cost Data Deserves First-Class Citizenship
Tired of work management tools relegating project and program cost data to second class? This Capital Planning accelerator provides you with the visibility and insight you need to manage and optimize all spend.
Key Features
Enjoy a top-down view of all projected costs to support both traditional annual planning and dynamic/continuous planning.
Establish hierarchical enterprise portfolio models to support top-down budgeting at any level (products, value streams, programs, initiatives, or portfolios)
Allocate and govern funds by value stream
Dynamically aggregate financial information from underlying execution (projects or epics) and compare/contrast
Support annual planning model and/or dynamic planning model through block/incremental funding
Capturing Cost Estimates
Consolidate and streamline the standardized capture of all cost estimates across multiple dimensions.
Capture time-phased cost estimates directly from business cases
Break down costs by configurable categories like labor or non-labor, and by allocation centers or funding sources
Update financial data to provide more detail as initiatives change
Establish the appropriate approval controls
Maintain auditable records of all changes
Establish framework to plan for and manage contingencies
Enterprise Budget Tracking and Forecasting
Standardizes and streamlines the entire process of financial reconciliation.
Automatically capture actual costs from ERP systems, and compare/contrast
Re-forecast remainder of budget mid-stream
Gain real time visibility into variance between budgets and actuals
Take Snapshots across the portfolio at any time to support monthly status reporting or quarterly forecasting
Dynamically roll-up actuals and forecasts within your portfolio hierarchy
Report on commitments and track performance of individual POs
Continuous Capital Planning and Reallocation
Enables all investment owners to forecast costs and maintain multi-year roadmaps, supporting the dynamic needs of a continuous planning approach.
Assess investments, see overall performance of portfolio, and identify opportunities to adjust
Automate change management process to govern incremental funding requests and releases
Maintain auditable record of decision and the resulting changes
Maintain a multi-year strategic roadmap while still providing enterprise finance team with an updated annual view
Align and Analyze Enterprise Fiscal Planning
Quickly and easily run what-if scenarios to show the impact of any proposed change to your project and program portfolio costs.
Scenario Planning capabilities enable you to quickly create and analyze portfolio plans
Model the effect of any portfolio change
Visualize and manage all project and portfolio cost information in one place
Maximize benefits and conduct target analysis
Fine-Tune Governance Controls
Provide the right level of governance to all stakeholders to provide an auditable trail of cost information across the lifecycle of your portfolio.
Standardize hierarchical cost structure and dimensions
Determine what information is required at each stage of lifecycle
Use snapshots for auditable records at any stage
Automate funding approvals
Supports multi-currency capabilities
Capital Planning On-Demand Demo
Explore Capital Planning features and applications in a quick on-demand demo video.
Add the capabilities you need, quickly
Every accelerator is crafted for quick implementation with minimal configuration required. They draw from years of successful client engagements and best practices, ensuring you get the capabilities you need without the hassle.
Need an Accelerator?
Each one offers robust stand-alone features that can be up and running in just a few days. Plus, since they all work well together, you can easily add more capabilities in any order whenever you're ready. What's even better, each of them is part of the NH360 comprehensive Strategic Portfolio Management Platform. This means that with every Accelerator you add, you're one step closer to having all the capabilities necessary to align your investments with your strategy and, ultimately, speed up your transformation journey.
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