---
sourceDocument: Australia Strategic Portfolio Management
sourceDocumentLink: https://www.servicenow.com/docs/r/it-business-management

 Release :

    - australia

ft:locale :

    - en-US

ft:publication_title :

    - Australia Strategic Portfolio Management

ft:clusterId :

    - itbm

bundleId :

    - itbm

workflow :

    - Technology


---

# PPM Standard (Project Portfolio Management)

# PPM Standard (Project Portfolio Management) {#ariaid-title1}

* Release version: Australia
* 
* Updated March 12, 2026
* 
* ![](https://www.servicenow.com/docs/portal-asset/ico-clock) 1 minute to read

The ServiceNow® PPM Standard, earlier known as Project Portfolio Suite with Financials,
application integrates Financial Management and Project Portfolio Management.

PPM Standard automatically activates Financial Management
if
it is not already active.  
The integration enables project and portfolio managers to perform the following activities:

* Determine overall cost requirements for all demands and projects in portfolios
* Establish resource requirements and track costs for demands and projects
* Track actual amounts spent compared to an approved budget
{#c_ProjectPortfolioSuiteWithFinancials__ul_n21_pk3_kv}

## Upgrades and new customers

Customers who already have Project Portfolio Suite with Financials can upgrade to PPM
Standard. New customers must purchase PPM Standard.

## PPM Standard applications

The PPM Standard plugin installs Financial Management and Project Portfolio Suite. The
following diagram illustrates the applications that are available.  
Figure 1. Applications installed with PPM Standard

## PPM Standard additions

You can perform financial planning and budgeting using UI actions on related lists.

## Get started with project management {#c_ProjectPortfolioSuiteWithFinancials__section_get_started}

PPM Standard provides comprehensive capabilities for project planning and execution. Use the following topics to get started:

* **Project creation and planning:** Create projects, define work breakdown structures, set milestones, and plan timelines. See the Project Management documentation.
* **Resource management:** Allocate resources to projects, manage capacity, and track utilization. See [Resource Management Workspace](https://www.servicenow.com/docs/jXuyhP0aImfhpq0bp42Zwg "Learn about the features, functionalities, and business value that the Resource Management Workspace provides.").
* **Portfolio management:** Prioritize demands, manage portfolios, and track portfolio performance. See [Portfolio Management](https://www.servicenow.com/docs/98KcU1LjgDpHEkHzAE4Kpw "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.").
* **Installed components:** Review the roles, tables, and configurations installed with PPM Standard. See [Roles installed with PPM Standard](https://www.servicenow.com/docs/oK21ACshcvfKsTp8cyK2VA "Roles are added with activation of PPM Standard plugin.").
* **[Activate Investment Funding for projects and demands](https://www.servicenow.com/docs/1uTR5pY_j6WWgv~WS99dyg)**   
  Activate the Investment Funding (com.snc.investment_funding) plugin if you have the admin role. This plugin includes demo data and activates related plugins if they aren't already active.
* **[Currencies and budget reference rates](https://www.servicenow.com/docs/ChM86RmiCjrvzZ2aTK6m6w)**   
  The support for use of multiple currencies provides conversions for budget items in different currencies.

**Related concepts**   

* [Portfolio Management](https://www.servicenow.com/docs/98KcU1LjgDpHEkHzAE4Kpw "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.")
* [Project Portfolio Management](https://www.servicenow.com/docs/4TqJYehn5Cr6beNSlJn8Og "ServiceNow Project Portfolio Management (PPM) provides a simplified, team-oriented approach to managing projects, portfolios, their resources and financials by combining several individual applications.")