In addition to the Portfolio Workbench, starting with New York, you can use the Portfolio Planning Workbench do a scenario-based portfolio planning. This scenario-based planning enables you to focus your investment budget and resources on demands and projects that best position your organization.

Scenario Planning for PPM enables you to identify risks and uncertainties that might occur in the future and create possible planning scenarios and pursue whichever scenario becomes a reality. For example, you may have scenario A with all your chosen demands and projects, but you know that there's a risk that might reduce your team's velocity. You can reduce the velocity in scenario B and switch to it when the risk that you identified becomes a reality. For more information, see Scenario Planning for PPM.

The portfolio workbench shows the following sections for an opened portfolio:

• The left section provides the following fields used to plan the portfolio:
  • Fiscal Year: The list to select the fiscal year you want to perform the planning for.
    Note: If there is no fiscal year in the list, generate a fiscal calendar.
  • Planning Steps: The steps involved in planning the portfolio.
    • Shows the completed and the current planning step number.
    • Checks off the completed planning step.
    • Highlights the current planning step in the portfolio.

    In the portfolio workbench example shown, the portfolio is in Step 2 (Select Demands and Projects). It has completed through Step 1 (Set Target).

• The middle section shows a list of all the demands and projects that are part of the portfolio and fall under the selected fiscal year. The green check mark shows the demands and projects that have been selected for execution for the selected fiscal year.

  Note:

  • Click a demand or a project in this section to open the respective record. You can make required changes to the project or demand form.
  • A demand is included only if the Expected Start and Due Date fields are populated and the demand is in the approved or qualified state.
• The lock in the upper-right section indicates that portfolio planning is not yet complete and that the tracking action is not enabled. Once the financial planning is complete, the Track Portfolio action is enabled for portfolio manager to track the progress of the portfolio.