ServiceNow SPM (Strategic Portfolio Management)
Consolidate Business on One Platform with ServiceNow SPM
What is ServiceNow SPM?
ServiceNow Strategic Portfolio Management (SPM), formerly ServiceNow ITBM, helps companies move away from traditional project portfolio management (PPM). Align strategy, planning, and delivery to deliver expected business outcomes by successfully managing business priorities, building capabilities, and implementing agile development. With Strategic Portfolio Management, companies can achieve true organizational agility by enabling them to plan, deliver, and track value across different methodologies and structures.
- Roadmap Business Strategy
- Align Resource Investments
- Deliver Value Faster
ServiceNow SPM Benefits
Optimize your portfolio performance and maximize the return on investment.
Facilitates cross-functional collaboration and align stakeholders around the strategic portfolio objectives, leading to better business outcomes.
Proactively identify, assess, and mitigate risks, reducing risk exposure and improving investor confidence.
Streamline the strategic portfolio management process, reduce paperwork, and enable better communication for increased efficiency.
Strategic Portfolio Management offers end-to-end visibility into portfolio performance for business leaders, which helps you make data-driven decisions and stay ahead of the competition .
Overview of Applications and capabilities for Strategic Portfolio Management
- Performance Analytics: Anticipate trends and prioritize resources to maximize automation and drive data-driven customer service.
- Scenario Planning: Align your portfolio management with business strategy by running multiple scenarios.
- Strategic Planning: Whether hybrid, waterfall, or agile development, create roadmaps to align strategy with business management.
- Demand Management: Centralize demand management and streamline investments for new products and services to meet strategic goals.
- Project portfolio management (PPM): Manage project cost plans project portfolio management's (PPM) interactive UI across technology platforms and business portfolios.
- Resource Management: Oversee availability and allocate resources efficiently for greater agility and improved business management.
- Innovation Management: Strategic planning is much easier with a central platform for gathering and managing ideas and strategic initiatives across departments or from employees.
- Scaled Agile Framework: Align strategic investments and agile development for managing work to deliver business goals.
- Investment Funding: Allocate resources strategically based on business priorities and financial planning.
- Agile Development: Streamline product development using agile methodologies, fostering collaboration and adaptability.
- Digital Portfolio Management: Centralize data and workflows, empowering leaders with insights for effective decision-making.
- Release Management: Coordinate software releases seamlessly across the organization, ensuring efficient deployment.
ServiceNow ITBM (now SPM) Standard vs Professional: What to Expect
- Project Portfolio Management
- Innovation Management
- Demand Management
- Resource Management
- Release Management
- Digital Portfolio
- Management
- Alignment Planner
- Workspace
- Scenario Planning
- Mobile Applications
- Performance Analytics
- Scaled Agile Framework (SAFe)
- Investment Funding
- Agile Development
- Predictive Intelligence
- Release Management
- Virtual Agent
Royal Cyber Offerings for ServiceNow SPM
ServiceNow SPM Assessment
Empower smarter ServiceNow decisions: Get a comprehensive ServiceNow SPM assessment to optimize processes, reduce costs, and unlock peak performance.
ServiceNow SPM Jumpstart
Fast-track your ServiceNow business strategy success: Launch our ServiceNow SPM jumpstart package for rapid deployment and immediate value.
Let’s Talk
Deliver Business Outcomes with ServiceNow
Meet our experts to discuss how you can use ServiceNow Strategic Portfolio Management to connect strategy with delivery.
Commonly Asked Questions about ServiceNow ITSM
ServiceNow PPM (Project Portfolio Management) is a ServiceNow SPM module that helps clients with roadmap planning, scenario planning, resource management, agile development, etc., to get visibility into all types of workspaces—traditional, agile, and hybrid. Thus, ServiceNow PPM is a part of SPM (Strategic Portfolio Management) and not different from it.
ServiceNow defines strategic portfolio management as “The processes and tools businesses may use to align available resources to meet strategic goals.” In short, strategic portfolio management refers to digitizing and automating business strategy development to help enterprises allocate resources efficiently to meet enterprise-wide business strategies. For instance, the featured apps and capabilities of ServiceNow SPM (Strategic Portfolio Management) are geared towards increasing enterprise visibility into all work areas to help enterprises evade silos and organize resources to meet long-term goals.
ServiceNow ITBM, which stands for IT Business Management, is now known as ServiceNow SPM (Strategic Portfolio Management). The chief reason behind this new name is that the product is now geared towards increasing efficiency in all business strategies, not only IT, which was its original purpose. ITBM and SPM are the same product, except the latter indicates a progression for the ServiceNow product.