Strategic Spend Tracking for PPM

Strategic Spend Tracking for PPM enables project or demand managers to evaluate the strategic value of organization’s projects and demands. You can identify the purpose and benefits of executing demands and projects and how they contribute to achieving company's strategies and goals.

Strategic Spend Tracking for PPM enables demand and project managers to determine how and where funding is being spent during the execution of a demand or project.

Organizations generally determine and approve investment budgets that represent the funds allocated to achieve their goals. Strategic Spend Tracking for PPM focuses on allocating your investment budget through demands and projects, and tracking the expenditure to achieve your organizational goals.

Each demand and project contributes to achieving one or multiple organizational goals. You can use the Strategic Spend Tracking for PPM to perform the following tasks:

• Associate multiple strategies and goals with a demand or project.
• Allocate a percentage of the demand or project's total cost and benefits towards achieving one or more strategies and goals.
• Generate strategy and goal allocation breakdowns for a demand or project for the fiscal year.
• View the roll up of strategy and goal breakdowns from different demands and projects in the strategy and goal record.
• Use the Strategic Spend Tracking for PPM dashboard to view how the planned costs, actuals costs, and benefits for projects aligned to the organization's goals and strategies trend over time in order to accurately understand the financial performance of your organization.

• Install Strategic Spend Tracking for PPM
  Install the Strategic Spend Tracking for PPM application from ServiceNow Store applications. Visit the ServiceNow Store to view all the available apps, and for information about submitting requests to the store. For cumulative release notes information for all released apps, see the ServiceNow Store version history release notes.
• Allocate or modify the strategy and goal percentage for a project
  Allocate the percentage of a project's total cost, benefit, and budget to help achieve the strategic objectives that the project fulfills. You can also view the breakdown of the project's financial data based on the allocated percentage.
• Allocate or modify the strategy and goal percentage for a demand
  Allocate the percentage of a demand's total cost, benefit, and budget towards achievement of strategic objectives that the demand fulfills. You can also view the breakdown of the demand's financial data based on the allocated percentage.
• Strategic Spend Tracking for PPM dashboard
  The Strategic Spend Tracking for PPM dashboard provides comprehensive visualization to the business planners to help them understand how the planned costs, actual costs, and benefits for projects aligned to the organization's goals and strategies trend over time. It helps you to accurately understand the financial performance of your organization.