Is Strategic Planning Management the same as Portfolio Planning Workspace?

Maddie Wolf
Tera Contributor

Is the strategic planning management the same as portfolio planning workspace? If not, what is the difference?

10 REPLIES 10

Hi @KSiegel ,

We are interpreting it in different ways, I really appreciate  the community collaboration.

He mentioned 'Strategic planning management' but maybe he meant 'Strategic portfolio management (SPM)'. If that is the case, i have added the list of capabilities of SPM.

 

Hi @Maddie Wolf ,

To add to the explanation provided by @KSiegel , here is the list of capabilities that are part of Strategic Portfolio Management application of ServiceNow.

You can think of Strategic Planning to be provided in a restricted manner with Portfolio Planning Workspace.

So yes, Portfolio planning workspace is a capability in Strategic portfolio management application.

 

As you can notice it is empowered by the Now platform capabilities.

Screenshot 2024-08-06 at 3.09.55 AM.png

Thank You!

Namita Mishra

Namita Mishra
ServiceNow Employee
ServiceNow Employee

Thank you @Etta Wilson, for friendly ping, i have updated the response and moved 'Program' to 'Portfolio Planning workspace.

Appreciate ...

 

Thank You!

Namita Mishra

Anytime, we're all part of the SPM family. 🙂

Tao2
Tera Contributor

once you have the pro license, the PPW is integrated as part of the SPW, correct? or they are still separate things? just thinking anything we need to do if we go from standard license to pro

Namita Mishra
ServiceNow Employee
ServiceNow Employee

Hello @Tao2 ,

Thanks for checking with the community.

Your understanding is correct. On upgrading from SPM Std to SPM Pro license, you would get SPW.

 

"just thinking anything we need to do if we go from standard license to pro" - Upgrading from the SPM Standard to the Pro license will unlock a broader set of capabilities in SPM. This means you'll be able to leverage SPW to its full potential—enabling you to think more strategically, set clear goals, and explore execution from multiple lenses.

With the Pro license, you’ll also gain access to enhanced scoring frameworks, allowing you to evaluate and benchmark execution entities more comprehensively. In short, SPW offers significantly more advanced features compared to PPW, empowering deeper insights and more impactful planning.

 

The table below outlines the key differences between the two to help illustrate what changes to expect.

 

Feature  PPW SPW
Purpose Plan and manage portfolios of work such as projects, demands and Collaborative work management (CWM) boards

Define and align business strategy and outcomes across different work items such as projects, demands, epics, features, and Collaborative work management (CWM) boards

Personas Executives, Strategy Officers, Enterprise Architects etc.

Portfolio Managers, Program Managers, BU head, PMOs, Finance etc.

Typical Use Cases

“What are our long-term business goals?”

“Where should we invest based on our strategy?”

“How do our OKRs align with investments?”

"Which investments should be funded?"

“Can we execute this portfolio within available capacity?"

“Which demands give the most ROI?"

Prioritization Basis Typically the Strategic value alignment and  goal impact

Typically the cost, benefit, risk and resource availability

Goals  Not applicable Create goals for your portfolio plans, set targets for them, and evaluate the progress of the goals and targets in Dashboard, List, and Hierarchy tabs
Scoring Capability  Not applicable Scoring framework attributes (that generate a score), helps in prioritizing and ranking the items in your portfolio plan.
 Prioritization

 In Planning -> Prioritization, you can view the items in two different ways: List and Hierarchy so that you can view the information that is most relevant to you and your stakeholders.

In Planning -> Prioritization, you can view the items in three different ways: List, Kanban and Hierarchy so that you can view the information that is most relevant to you and your stakeholders. 
Dashboards Execution dashboard

Execution dashboard

Product Idea dashboard

Feedback dashboard

Strategic Execution dashboard

Lenses

Provides three lenses:

Organization

Project Portfolio

Project Program

Provides nine lenses:

Organization

Project Portfolio

Project Program

Goals

Product

Digital product

Strategic investments

Business capability

Value stream

Creation \ Modification of Lenses

You cannot create a new lens however you can modify the existing lenses as per the requirement

You can create a new lens as well as modify the existing lenses as per the requirement

EAP Not Applicable Enterprise Agile Planning (EAP) helps streamline communication and collaboration between teams, and drive coordination with diverse teams. 

 

 

SUMMARY:

 

  • Strategic Planning is the "why and where" of investment.

  • Portfolio Planning is typically "what and how" to deliver on that strategy.

 

This link would provide more information on the components installed with SPW such as roles, tables, jobs, custom scripts and system properties etc.

 

Hope this answers the query and if it does, please mark the response as correct answer to help me and the community.

 

Happy Monday !

 

Thank You!

Namita Mishra