UMT Essentials Lite App for Project Online

UMT Essentials Lite brings powerful and integrated cost estimating, allocation and multi-currency capabilities to Project Online. The familiar and easy-to-use solution helps you go beyond custom fields to quickly capture robust and accurate time-phased cost estimates for projects.

Install the UMT Essentials Lite and quickly gain financial transparency across your project portfolios in Project Online!

Integrated Business Planning & Management

Driven by uncertain economic times and enhanced compliance requirements Business Planning and Management has become a key requirement for organizations investing in project and portfolio management best practices and tools. Pressure to reduce or at least maintain budgets has resulted in sharper scrutiny of discretionary investment and in turn increased the importance of effectively controlling costs across the project lifecycle and tracking the resulting benefits.

UMT Essentials Lite helps you to:

• Standardize Financial Structures & Templates:
  UMT Essentials Lite helps the PMO to quickly define a global cost structure and cost centers to standardize the collection of financial data for each project. The cost structure and cost centers can be further broken down into templates, which in turn are associated with Enterprise Project Types (EPT) defined in Project Online. The resulting projects created from each EPT will automatically inherit the appropriate financial structures. UMT Essentials Lite includes a default cost estimates web part that can be added to the Project Site
• Capture Robust Cost Estimates:
  UMT Essentials Lite enables Project Managers, Stakeholders and Analysts to easily capture high level and detailed time-phased cost estimates for project requests. With UMT Essentials Lite, you can capture costs at varying levels of detail within the financial structure and break down estimates by month, quarter or year
• Enhance Departmental Budgeting:
  UMT Essentials Lite helps Project Managers, Stakeholders and Analysts to effectively allocate project costs to business units. With UMT Essentials Lite, you can simply break down the cost estimates by cost centers to ascertain funding requests by department
• Manage Projects in Multiple Currencies:
  UMT Essentials Lite helps the PMO to easily manage geographically dispersed projects in multiple currencies. With UMT Essentials Lite, you can define all currencies applicable to your organization and periodically update the exchange rates. Each project can be edited in a default currency, but you have the flexibility to view costs in any currency defined in the system