What is HCM?
|Human Capital Management— or HCM—will be the new name for CU's HR system, currently known as the Human Resources Management System (HRMS).
Oracle, the company that produces the HCM system, touts its 9.2 upgrade for its ability to:
The PeopleSoft HCM/FIN 9.2 Upgrade project is a collaboration between CU's system administration and campus personnel to enhance and update many aspects of the university’s business operations. When the project goes live in November 2015, employees who regularly use both systems will have access to new online features, functions and enhancements to help them consolidate tasks and find support.
As part of the upgrade, the HR system's name will change from HRMS to Human Capital Management (HCM).
CU is working with campus users to gather feedback during various stages of the upgrade project to ensure the new HCM system best serve employees' needs. These groups will be critical to a successful implementation.
Why CU is upgrading its systems?
CU's current HRMS and Finance systems have not been updated in several years. As a result, we have missed out on functionalities that will help the university be more effective. This upgrade brings systems up to date and lays the foundation for future enhancements.
Employees can find information about both projects this summer, when the project team launches the official PeopleSoft HCM/FIN 9.2 Upgrade project website. That site will feature areas for overall project news as well as dedicated areas for Finance and HCM.
You may also visit Employee Services' Coming Soon page  to find HCM-specific project updates.
High-level project information and updates will be featured in upcoming CU Connections articles and in the CU Resources area of the employee portal .
The project comprises five phases: Planning, Development, Testing, Training and Go Live.
Planning & Design
During this phase, work plans will be created, key users/stake- sessions will be conducted with key users to document current and future business and system processes. Functional and technical design documents then will be prepared for the development phase.
Detailed Design & Development
Documents will be approved by key users during this phase. Business and system process gap resolutions will be approved and implementation plans developed. Detailed design documents from the design phase also will be built and system tested.
All the project pieces will be brought together into a special testing environment to test for errors, bugs and usability, in order to verify that the system meets all the business requirements defined University-wide testers will be asked to provide their feedback and insights during this time.
Users will learn the system guided by targeted training plans. Additionally, new business processes will be finalized.
Employees will have access to new, improved tools. We will continue to listen to your feedback about the systems.
Full details about new PeopleSoft tools, features, functions and enhancements will be finalized following the Fit/Gap conclusion in June. The university will provide previews of tools, programs and functionalities to employees throughout the planning and design phase.