Presented by David Wachsmann amp Jen Scarlato Prepared 4102015 Agenda Overview of Financial Components Value of Financial Management Challenges Rego Keys to Success Questions ID: 716981
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Slide1
Financial Management Overview
Presented by: David Wachsmann & Jen
Scarlato
Prepared: 4/10/2015Slide2
Agenda
Overview of
Financial Components
Value of
Financial Management
Challenges
Rego Keys to
Success
QuestionsSlide3
Major Financial Management Components
Field Architecture, Entities, Departments, Locations
Calculating Rates with the Rate Matrix
Financial Plans – Benefit, Cost, Budget
Portfolio Financial Analysis
Financial IntegrationsSlide4
Financial Planning CyclesSlide5
Architecture of Financial Fields
By Object
Resource
Department
Location
Role
Resource Class
Transaction Class
Input Type Code
Investment
Department
Location
WIP ClassInvestment ClassCharge CodeCost Type
AssignmentRole
TaskCharge CodeCost Type
TeamRole
Timesheet EntryRoleCharge CodeInput Type Code
Cost Plan (grouping)RoleCharge CodeTransaction Class
By Field
–Work-based–
–Resource-based–
–Resource/Work-based–
WIP Class
Investment
Charge
Code
Investment
Task
Timesheet Entry
Cost Plan Grouping
Investment Class
Investment
Cost TypeInvestmentTask
Input Type CodeResourceTimesheet Entry
Resource ClassResource
Transaction ClassResourceCost Plan Grouping
DepartmentInvestmentResource
LocationInvestmentResource
Role
Resource
Team
Assignment
Timesheet Entry
Cost Plan GroupingSlide6
Define a Rate MatrixSlide7
Leverage Financial Plans
FINANCIAL MANAGEMENT FUNCTIONS
Cost Plan
Aggregated Reporting
of Financial Cost Attributes
Time Scaled Estimates
Available to Project Manager
Benefit
Plan
Reporting of Benefits
Available to Project Manager/BA
Budget PlanAn Approved Cost Plan“Financial Baseline”Slide8
Leverage Financial PlansSlide9
Portfolio Financial Analysis
Portfolios allow investments to be grouped together based on specific business rules or commonalities
Financial constraints can be set on a portfolio, which indicate what the targeted planned costs
are for
the enterprise to execute the investments that are contained within
itSlide10
Portfolio Financial Analysis
Investments can be measured against the
portfolio’s
targeted costs
. The
Planned Capital and Planned Operating costs within the waterline view are derived directly from the cost plans on an investment
. This
allows the investments within the portfolio to be balanced and prioritized with visibility into the cost to deliver the investments
.Slide11
Integration
The primary data that is typically integrated
into
or out of CA PPM include:
Labor in Hours
Labor in Dollars
Non-Labor Costs in
Dollars
However…prior
to building
integrationit is important to have a solid processdefined around financial processing
and reportingCA PPM
External Systems$
$Slide12
Value of Financial Management
The more
functions brought
into CA
PPM,
the more value from the Tool
Avoid
Multiple Sources
for Project Data
Financial Reporting
has “Gravitas:”We were 200 hours under estimate vs. We were 25,000 under estimateFull Financial Forecasting allows for strategic Planning Optimizing Financial
Performance matures project management practicesFinancial Evaluation helps determine to Kill projects…an important / necessary oversight functionSlide13
Challenges – Open Mic
Have you implemented financials within CA PPM?
What Goals did you intend to Achieve?
What issues did you have in implementation or use?Slide14
Challenges
How do you deal with having different rates for the same role when a role can only have one rate?
If you need to re-configure financial settings, how do you do this?
How do you keep CA PPM and the financial system in sync? Do you even try?
How do you deal with contractor rates? A rate for every contractor?
How do you get PMs to keep forecasted costs current?Slide15
Keys to Success
CA
PPM is not the General
Ledger
Start Simple – Release and
Optimize
Involve Finance in
in Financial
Setup
Decisions
Design CA PPM Financial Configuration to Reproduce existing Reports in Other FormatsSpend Time on Full Financial Architecture / Build Proof of Concept in NON-PROD EnvironmentOne of the most powerful internal functions in CA PPM is the integration of Scheduling and Financial DataSlide16
Questions
Phone
888.813.0444
Email
info@regouniversity.com
Website
www.regouniversity.com
We
hope that you found
this session informative
and worthwhile. Our primary goal was to increase your understanding of
the topic and CA PPM in general.
There
were many
concepts covered
during the
session, if you
would like to contact any presenter with questions, please
reach out to us.
Thank
you for attending
regoUniversity
2015!