You can create a single service portfolio or multiple service portfolios, each with its own taxonomy structure. Creating a service portfolio presents an overall view of your currently available IT services, what services may be available in the future, and what services existed in the past.

1. To create a new service portfolio, navigate to Service Portfolio Management > Service Portfolios and click New. Alternatively, to edit an existing service portfolio, click the name of the service portfolio to open the form. Change any of the form field data as needed.
   To delete an existing service portfolio, click Delete Portfolio and Taxonomy.
2. Fill in or edit the form fields.

   Table 1. Service Portfolio

   Field	Description
   Name	Unique name that reflects the nature of the service portfolio, for example, IT Service Portfolio.
   Short description	Brief detail about the service portfolio.
   Description	Comprehensive details about the service portfolio, such as, Software and Network Support Tiers.
   Market scope	Detailed service parameters that define the limits of a service. For example, who uses the portfolio services.
   Service portfolio owner	Person who owns the portfolio, typically at the CIO level. This person has the portfolio_editor role and can view and update owned portfolios only.
   Service portfolio manager	Person authorized to manage the service portfolio. This person has the portfolio_admin role and can create, read, update, and delete portfolio records of all types, including portfolios, taxonomy levels and nodes, services, service offerings, relationships, and performance criteria for the entire business.
   Upper performance score threshold Note: Appears with a Service Owner Workspace subscription.	Designated high threshold percentage point above which the indicators change from amber to green in Service Owner Workspace. Default is 80.
   Lower performance score threshold Note: Appears with a Service Owner Workspace subscription.	Designated low threshold percentage point below which the indicators change from amber to red in Service Owner Workspace. Default is 60.
   Performance score	Displays the most recent performance score for the entire portfolio of services.

   Estimated Spend details for the portfolio display if you have integrated with Financial Management and have configured the Estimated SpendCost model field on the Service Offering form.

3. Click Submit to save your service portfolio or click Update after editing a service portfolio.
   The newly created service portfolio appears in the Service Portfolios module list.
4. Click the newly created service portfolio name in the list.
   The Taxonomy Nodes, Portfolio Metrics, and Taxonomy Node Weights Related Lists appear on the Service Portfolio form. Refer to Service Portfolio Management taxonomy for detailed information regarding creating and adding taxonomy nodes within your service portfolio structure.