UMT Project Essentials 2012 includes the following powerful and rich features:
 | Intuitive Workflow Designer Quickly create or update dynamic PPM workflows. The flexible, easy-to-use Workflow Designer comes with drag-and-drop capabilities that can help non-technical resources effectively build, publish, and administer Project Server 2010 workflows. Drill down into each Workflow Stage to configure the required business logic for automating each transition. Flexible branching ensures you can define simple sequential Stage transitions or automate complex transitions based on approval decisions, custom field values, or portfolio analyses results. You can also easily move projects between workflows in Project Server 2010. |
 | Standardize Financial Structures & Dimensions Quickly integrate Enterprise Financial Structures and Financial Dimensions within Enterprise Project Types (EPTs). With UMT Project Essentials, you can create required Financial Structures and define nodes for inclusion in the hierarchical global templates. You can also define Financial Dimensions to help breakdown cost and benefit data in accordance with your unique governance processes across projects, programs, and portfolio entities. |
 | Financial Governance Settings by Stage Easily configure financial rules and behavior for each Workflow Stage associated with EPTs. UMT Project Essentials provides flexibility that helps you control behavior of the out-of-the-box financial web parts, establish financial data validation rules, and automatically trigger transition events as your project moves between stages. |
 | Detailed and Accurate Financial Estimates Capture time-phased cost and benefit estimates during a project’s business case development. UMT Project Essentials fully integrates with the demand management infrastructure in Project Server 2010, enabling you to capture detailed financial information, automatically spread the data across different time periods, and support Portfolio Optimization analysis. |
 | Organizational Budgeting & Chargebacks Breakdown financial budget, actual, and forecast data to support organizational budgeting, allocation, and chargebacks. UMT Project Essentials Cost Centers bridge the gap between project and organizational accounting, enabling you to establish and automatically assign the proper percentage allocation to each department. You can also manually breakdown financial data by Cost Center to apply to the appropriate funding sources. |
 | Powerful Multi-Currency Support Easily manage geographically dispersed projects in multiple currencies and aggregate financials in a default currency for enterprise reporting. With UMT Project Essentials, you can select all currencies applicable to your organization and periodically update the exchange rates. For editing, you can select a default currency for each project, but view a project’s financials in any currency maintained in the rates table. |
 | Flexible Snapshots of Financial Data Quickly create Snapshots of financial data and Custom Fields at different project lifecycle stages. UMT Project Essentials enables you to define Snapshot templates that are automatically triggered when a project moves between Workflow Stages or manually created when needed. You can also compare and contrast Snapshots or build powerful reports and dashboards from the archived data. |
 | Synchronize Resource Assignment Costs Get support for top-down and bottom-up budgeting and tracking. UMT Project Essentials lets you manually enter financial data in a top down “Cost Plan” or automatically sync and aggregate resource assignment costs from the Resource Plan and Project Schedule to the out-of-the-box financial web parts. Integration with Project Server 2010 enables you to expertly manage resources while quickly measuring the financial impact of staffing decisions at the project, program, and portfolio levels. |
 | Data Aggregation between EPTs Link EPTs and automatically aggregate financial data. UMT Project Essentials flexibility helps you create a hierarchal relationship between different EPTs (e.g. project, program, and portfolio) and automatically aggregate cost and benefit data between linked entities. |
 | Detailed Financial Status Reports Easily submit periodic Financial Status Reports to track project and program cost performance. UMT Project Essentials offers out-of-the box web parts for monitoring costs. Real-time variance metrics and easily-archived periodic reports provide an auditable record and support trending analysis. Project Management Offices (PMOs) can centrally administer the reporting process and even re-open and edit archived reports if required. |
 | Rich Change Request Management Request incremental funding or update benefit estimates for projects and programs. With UMT Project Essentials, you can build and submit for approval, requests for additional funding. Once approved, the original budget automatically updates to reflect the change. The system maintains an auditable record of all approved, rejected, and pending change requests. |
 | Comprehensive Financial Reports & Intelligence Utilize familiar Microsoft Business Intelligence tools such as Excel Services, Visio Services, and PerformancePoint Services to quickly build rich reports and dashboards that consolidate project metadata and time-phased financials. Dedicated reporting database and OLAP cubes seamlessly extend the reporting infrastructure in Project Server 2010 to provide access to time-phased cost and benefit data and Snapshot reports. You can also create additional cubes that include financial data in different currencies. |
 | Benefits Tracking & Realization Track benefits to assess whether initiatives realize the anticipated results. UMT Project Essentials provides you with out-of-the box web parts to track benefits during and after a project’s lifecycle. It’s a powerful way to improve the accuracy of initial cost and benefit analysis and more effectively track the resulting ROI. |
 | Line of Business Integration Integrate with line-of-business (LOB) systems to bridge the gap between organizational and project accounting. UMT Project Essentials Data Import Module and comprehensive web-services based Application Programming Interface (API) help you effectively integrate with ERP systems and maintain data integrity between disparate environments. |