Product documentation Docs
    • English
    • Deutsch
    • 日本語
    • 한국어
    • Français
  • More Sites
    • Now Community
    • Developer Site
    • Knowledge Base
    • Product Information
    • ServiceNow.com
    • Training
    • Customer Success Center
    • ServiceNow Support Videos
  • Log in

Product documentation

  • Home
How search works:
  • Punctuation and capital letters are ignored
  • Special characters like underscores (_) are removed
  • Known synonyms are applied
  • The most relevant topics (based on weighting and matching to search terms) are listed first in search results
Topics are ranked in search results by how closely they match your search terms
  • A match on the entire phrase you typed
  • A match on part of the phrase you typed
  • A match on ALL of the terms in the phrase you typed
  • A match on ANY of the terms in the phrase you typed

Note: Matches in titles are always highly ranked.

  • Release version
    Table of Contents
    • IT Business Management
Table of Contents
Choose your release version
    Home Orlando IT Business Management IT Business Management Project Portfolio Management Portfolio Management

    Portfolio Management

    • Save as PDF Selected topic Topic & subtopics All topics in contents
    • Unsubscribe Log in to subscribe to topics and get notified when content changes.
    • Share this page

    Portfolio Management

    With the ServiceNow® Portfolio Management application, you can create portfolios which are collections of related programs, projects, and demands. You can then perform financial planning and monitor the status and progress of these portfolios.

    You must have the it_portfolio_manager role to manage a portfolio. The Portfolio Management application provides these capabilities to the portfolio manager:
    • Create a portfolio by adding related programs, projects, and demands.
    • Perform annual portfolio planning by selecting demands, projects, and programs.
    • Track the progress and status of all the programs, projects, and demands that are part of the portfolio. You can track the costs, resources, schedules, risks, and issues.

    Watch this four-minute video to learn about the portfolio structure, creating a portfolio and program, setting up a stakeholder registry, and the portfolio workbench.

    The following diagram provides an overview of Portfolio Management.
    Figure 1. Overview of Portfolio Management
    Overview of portfolio management

    Features

    Portfolio Management also provides the following features:
    Portfolio workbench
    The portfolio workbench provides a central location to view and monitor the progress of the program, the projects, and demands that are part of the portfolio. You can also perform annual portfolio planning, create budget and forecast plans for the portfolio.
    Annual planning for the portfolio
    The annual planning wizard is available in the portfolio workbench. The annual planning process comprises these steps:
    1. Determine the overall cost requirements for the portfolio and set the target.
    2. Select the demands and projects for a fiscal year based on the budget target and resource availability.
    3. Create and promote a budget plan.
    4. If required, re-promote the budget plan by performing a what-if analysis by adding or removing projects and demands before the budget is finalized.
    Budget forecasting of the portfolio
    Using the portfolio workbench, the portfolio managers can re-estimate (forecast) the portfolio budget for future periods based on the actual cost and changed project requirements.
    Tracking of the portfolio
    Once the financial planning is complete, portfolio workbench allows you to track the progress of a portfolio. This tracking includes the actual amount being spent against the budget, actual hours spent, risks, and issues.
    Portfolio Manager dashboard
    The Portfolio Manager dashboard provides a central location to generate different graphical reports of the portfolio and portfolio financials.

    Scenario Planning

    Install the Scenario Planning for PPM from ServiceNow Store to help the portfolio managers do a scenario-based portfolio planning with different combinations of demands and projects. Compare multiple scenarios in a portfolio and fund only those demands and projects that add financial value to the organization.

    • Create a portfolio

      Create a portfolio to manage related programs, projects, and demands.

    • Open a portfolio status list

      Open the status list of a portfolio to see the projects that are included in it.

    • Portfolio workbench

      The portfolio workbench provides a central location for viewing a list of associated demands and projects, planning a portfolio, and tracking its progress.

    • Scenario Planning for PPM

      The Scenario Planning for PPM application provides a central location for portfolio managers to create and track the roadmap for project execution for a given fiscal year. Optimize your budget and resource usage by creating and comparing different scenarios for your project and demand roadmap or resources.

    • Portfolio Manager Dashboard

      Portfolio Manager Dashboard provides a central location to a portfolio manager to generate different graphical reports of the portfolios managed by them.

    Tags:

    Feedback
    On this page

    Previous topic

    Next topic

    • Contact Us
    • Careers
    • Terms of Use
    • Privacy Statement
    • Sitemap
    • © ServiceNow. All rights reserved.

    Release version
    Choose your release version

      Portfolio Management

      • Save as PDF Selected topic Topic & subtopics All topics in contents
      • Unsubscribe Log in to subscribe to topics and get notified when content changes.
      • Share this page

      Portfolio Management

      With the ServiceNow® Portfolio Management application, you can create portfolios which are collections of related programs, projects, and demands. You can then perform financial planning and monitor the status and progress of these portfolios.

      You must have the it_portfolio_manager role to manage a portfolio. The Portfolio Management application provides these capabilities to the portfolio manager:
      • Create a portfolio by adding related programs, projects, and demands.
      • Perform annual portfolio planning by selecting demands, projects, and programs.
      • Track the progress and status of all the programs, projects, and demands that are part of the portfolio. You can track the costs, resources, schedules, risks, and issues.

      Watch this four-minute video to learn about the portfolio structure, creating a portfolio and program, setting up a stakeholder registry, and the portfolio workbench.

      The following diagram provides an overview of Portfolio Management.
      Figure 1. Overview of Portfolio Management
      Overview of portfolio management

      Features

      Portfolio Management also provides the following features:
      Portfolio workbench
      The portfolio workbench provides a central location to view and monitor the progress of the program, the projects, and demands that are part of the portfolio. You can also perform annual portfolio planning, create budget and forecast plans for the portfolio.
      Annual planning for the portfolio
      The annual planning wizard is available in the portfolio workbench. The annual planning process comprises these steps:
      1. Determine the overall cost requirements for the portfolio and set the target.
      2. Select the demands and projects for a fiscal year based on the budget target and resource availability.
      3. Create and promote a budget plan.
      4. If required, re-promote the budget plan by performing a what-if analysis by adding or removing projects and demands before the budget is finalized.
      Budget forecasting of the portfolio
      Using the portfolio workbench, the portfolio managers can re-estimate (forecast) the portfolio budget for future periods based on the actual cost and changed project requirements.
      Tracking of the portfolio
      Once the financial planning is complete, portfolio workbench allows you to track the progress of a portfolio. This tracking includes the actual amount being spent against the budget, actual hours spent, risks, and issues.
      Portfolio Manager dashboard
      The Portfolio Manager dashboard provides a central location to generate different graphical reports of the portfolio and portfolio financials.

      Scenario Planning

      Install the Scenario Planning for PPM from ServiceNow Store to help the portfolio managers do a scenario-based portfolio planning with different combinations of demands and projects. Compare multiple scenarios in a portfolio and fund only those demands and projects that add financial value to the organization.

      • Create a portfolio

        Create a portfolio to manage related programs, projects, and demands.

      • Open a portfolio status list

        Open the status list of a portfolio to see the projects that are included in it.

      • Portfolio workbench

        The portfolio workbench provides a central location for viewing a list of associated demands and projects, planning a portfolio, and tracking its progress.

      • Scenario Planning for PPM

        The Scenario Planning for PPM application provides a central location for portfolio managers to create and track the roadmap for project execution for a given fiscal year. Optimize your budget and resource usage by creating and comparing different scenarios for your project and demand roadmap or resources.

      • Portfolio Manager Dashboard

        Portfolio Manager Dashboard provides a central location to a portfolio manager to generate different graphical reports of the portfolios managed by them.

      Tags:

      Feedback

          Share this page

          Got it! Feel free to add a comment
          To share your product suggestions, visit the Idea Portal.
          Please let us know how to improve this content

          Check any that apply

          To share your product suggestions, visit the Idea Portal.
          Confirm

          We were unable to find "Coaching" in Jakarta. Would you like to search instead?

          No Yes
          • Contact Us
          • Careers
          • Terms of Use
          • Privacy Statement
          • Sitemap
          • © ServiceNow. All rights reserved.

          Subscribe Subscribed Unsubscribe Last updated: Tags: January February March April May June July August September October November December No Results Found Versions Search preferences successfully updated My release version successfully updated My release version successfully deleted An error has occurred. Please try again later. You have been unsubscribed from all topics. You are now subscribed to and will receive notifications if any changes are made to this page. You have been unsubscribed from this content Thank you for your feedback. Form temporarily unavailable. Please try again or contact  docfeedback@servicenow.com  to submit your comments. The topic you requested does not exist in the release. You were redirected to a related topic instead. The available release versions for this topic are listed There is no specific version for this documentation. Explore products Click to go to the page. Release notes and upgrades Click to open the dropdown menu. Delete Remove No selected version Reset This field is required You are already subscribed to this topic Attach screenshot The file you uploaded exceeds the allowed file size of 20MB. Please try again with a smaller file. Please complete the reCAPTCHA step to attach a screenshot
          Log in to personalize your search results and subscribe to topics
          No, thanks Login