CHICAGO MERCANTILE EXCHANGE INC.
Chicago Mercantile Exchange Inc. (CME) has approximately 400 technology employees and approximately 100 consultants working on more than 300 technology projects along with a substantial capital budget.
THE CHALLENGE
The CME Technology Division repeatedly faced complex decisions between technology investment demands and available resources. Through an initial review, CME discovered that building the technology budget by “hand” was problematic..
THE SOLUTION
In late 2003, CME selected Artemis ITM as its IT Portfolio Management solution after several weeks of evaluation..
THE BENEFITS
Today, 80% of all IT initiatives have supporting project information and estimates (less than 50% before). The number of staff required to input budget detail into the financial system has been reduced by more than 50%..
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About the award
The IT Financial Management excellence Awards have been established to honor, recognize and promote IT Financial Management people and processes that demonstrate true best practices.
To identify and assess top companies, people and processes, the IT Financial Management Institute assembled IT Management experts and leaders..
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and the winner is..
Chicago Mercantile Exchange, Inc. was awarded first prize for Best IT Project Portfolio Management Structure at the IT Financial Management Week gala awards ceremony on March 1st, 2005 in Miami, Florida
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