As per ServiceNow, Project Portfolio Management helps you to
- Aligns work to goals and strategy to ensure you work on the right projects
- Increases visibility with real-time dashboards and reporting
- Provides faster time to value with greater team adoption
However, I came up with detail list of benefits per application level, which can give 360 degrees view of product. Hope you will like it.
Innovation Management
- Simple portal to submit Ideas.
- Predictive intelligence ability to check for similar Ideas.
- Ability to downvote, upvote and comment on submitted Ideas.
- Ability to filter Ideas based on state and category.
- Ability to sort Ideas by most recently submitted, most voted or created.
- Intuitive UX to view related Ideas and Most voted Ideas.
- Ability to create Demand, Project, enhancement, story and Epic directly from Idea.
Demand Management
- Predictive intelligence ability to check for similar demands.
- Ability for stakeholders to assess demands.
- Assessment of Demand is done against Risk, Value, Cost and Strategic Alignment
- Ability for Portfolio Manager to take decision on Demands based on assessments.
- Ability for Demand Manager to get tentative or confirmed resource bookings.
- Ability to Manage Risk, Issues, Actions, Decisions and Change Request in a better and systematic manner.
- Display Demand in two and three-dimensional views.
- Ability to create Projects, Epics, Stories, Features directly from Demand.
- Integration of Demand application with all other PPM Applications.
Project Management
- Predictive intelligence ability to check for similar projects.
- Ability to create custom rate model at project-specific level.
- Saving time on redundant tasks, like:-
- Creating Demand to Project - all data gets auto copied, avoiding manual or duplicate work.
- Automatically create Project tasks, in a given sequence, in the given format with given schedule duration and dependencies - just by one click using Templates.
- Interactive and straightforward interphase for project planning.
- Ability to Import Project Plan from MPP file.
- Ability to export Project plan into Excel, MPP and XML format.
- Ability to view Planned schedule, actual schedule and Baseline schedule on Planning console.
- Ability to create agile backlog directly from Project for Sprint planning.
- Project Workbench - One place to do A to Z project activities, like Project Analytics, Project Planning, Pending activities, Cost/Benefit analysis, Resource management, Financial management and Status report.
- Ability to Manage Risk, Issues, Actions, Decisions and Change Request in a better and systematic manner.
- Ability to perform Financial and Scheduling baseline.
- Integration of Project application with all other PPM Applications
Resource Management
- Resource Allocation workbench : Single Interphase to manage all kinds of Resource requests.
- Ability to view all Resource Requests and its corresponding Resource availability on the same screen.
- Ability to manage all kinds of resource requests from a single screen.
- Ability to allocate resource for specific period.
- Ability to replace resources while Project is in progress.
- Ability to shift the allocation of resource to a future date.
- Ability to retain resource plan when a project schedule changes.
- Ability to view live reports of resource availability, utilisation and allocation.
- Ability to manage resource cost at Group, Role, Project and User level.
- Ability to configure resource schedule based on factors like location, timezone, business hours, and holidays.
- Integration of Resource application with Demand, Project, Calendar, Timesheet, Cost plan and Expense application.
Timesheet Management
- Intuitive interphase to fill and approve a timesheet.
- All the allocated and non allocated tasks are easily displayed on a timesheet screen for quick and easy filling.
- Integration of timesheet with Project and Finance applications.
Portfolio and Program Management
- Interphase to do forecast and budgeting for current & future fiscal years.
- Bubble chart and timeline view available for Portfolio/Program Manager to compare Demand with Value, size, score, rank, cost, benefit, NPV, IRR, etc.
- Intuitive interphase for Program/Portfolio manager to review resources and their utilisation with respect to Demand.
- Intuitive interphase for Program/Portfolio manager to approve or reject Demand accordingly.
- Scenario Planning - Scenarios help you draw up different portfolio groupings, with each group having its list of priorities.
......with additional features from Platform, makes ServiceNow PPM feature rich product.
