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Project Portfolio Management › Strategic Portfolio Management
Release: Australia · Updated: 2026-03-12 · Official documentation · View source

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.

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

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.

The following diagram provides an overview of Portfolio Management.

Image omitted: portfolio\_overview.png
Overview of portfolio management

Scenario-based Portfolio Planning

Install the Scenario Planning for PPM application from ServiceNow Store to help the portfolio managers do a scenario-based portfolio planning with different combinations of demands and projects. You can 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.
  • 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 Dashboard
    Portfolio Dashboard provides a central location to a portfolio manager to generate different graphical reports of the portfolios.

Parent Topic:Project Portfolio Management