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January 2014

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New Webcast with CIO Magazine: Financial Services CIOs Drive Innovation with Enterprise Project Portfolio Management Solutions

The CIO role in the financial services industry is undergoing a fundamental transformation—from executives primarily involved with managing existing operations into business strategists who help fuel growth in their enterprises. This emerging trend and the close connection between innovation in financial services and enterprise project portfolio management (EPPM) solutions are explored in detail in a new webcast hosted by CIO Magazine and sponsored by Oracle

In addition, two new reports from Accenture and Oracle, respectively, also explain how EPPM solutions can help drive innovation.

Speed Time to Value
“Innovation is the surest path to achieving [transformation] goals, especially in the financial services industry,” says Karen Murphy, managing editor of CIO Magazine and moderator of the webcast “Innovation in Financial Services—Staying Ahead of the Competition.” “The only way to speed time to value for innovation is through solid project management,” she adds.

Additional speakers in the webcast are Mark Sullivan, an analyst with Accenture’s financial services IT strategy and transformation practice, and Mike Metcalf, Oracle’s Primavera director of services industry strategy. Metcalf noted that an essential competency among leading enterprises today is strategic efficiency, the ability to successfully execute core business strategies to become an agile organization. A key resource for achieving success in this area is EPPM, he says.

Seven Benefits of EPPM
The new Accenture report, “High Performers in IT: Defined by Digital,” is accessible from the webcast resource center. It discusses similar trends and highlights the findings of Accenture’s latest research into high-performance IT practices.

In addition, a new Oracle white paper “Positioning Financial Services for Tech Innovation,” notes that while technology innovation is now a key market differentiator in financial services, some IT teams in this industry are challenged to deliver new solutions at the scale and pace required in this sector. However, an EPPM system can address innovation stumbling blocks by

  • Driving business growth through project lifecycle reporting, with actionable data for improving project performance
  • Increasing the business value of IT by aligning IT investment with business strategy and goals
  • Enhancing project success through consistent, project-based processes and analytics
  • Managing resource utilization by providing visibility into total resource demand and the availability of people, skills, and other resources to meet current commitments and take on new projects
  • Identifying the root causes of problems so executives can quickly adjust plans and improve returns on investments
  • Giving all appropriate participants access to vital project and portfolio information to improve project execution and enable more-accurate decision-making
  • Tracking, modeling, and mitigating risk with industry-standard qualitative risk management capabilities

In-Depth Resources for CIOs
Learn more about the close connection between innovation and EPPM in the financial services industry by viewing the webcast, “Innovation in Financial Services—Staying Ahead of the Competition.”

Download the Accenture report, “High Performers in IT: Defined by Digital,” and the Oracle white paper, “Positioning Financial Services for Tech Innovation,” by clicking the resource widget in the webcast resource center.

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