Exploring Service Portfolio Management

  • Release version: Washingtondc
  • Updated June 21, 2024
  • 3 minutes to read
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    Summary of Exploring Service Portfolio Management

    The Service Portfolio Management application allows you to document, organize, and manage IT service portfolios in a standardized format, optimizing service value and reducing costs. It consists of three phases: the service pipeline (proposed services), the service catalog (operational services), and retired services (no longer available services). This structured approach helps streamline IT operations and meet customer demands.

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    Key Features

    • Role-Based Access: Different user roles include portfolio admin, portfolio editor, portfolio viewer, service admin, service editor, and service viewer, each with specific permissions for managing services and portfolios.
    • Service Management: Users can create, edit, and manage service offerings, commitments, and support teams, as well as log outages and assess service impacts.
    • Portfolio Taxonomy: Administrators can manage the overall portfolio taxonomy, including creating and organizing taxonomy nodes.
    • Integration with CSDM: The application aligns with the Common Service Data Model, ensuring effective data management.

    Key Outcomes

    By using the Service Portfolio Management application, organizations can effectively manage their service portfolios, resulting in improved service organization, enhanced visibility of service status, and streamlined operations to better respond to customer needs. Users can expect to create and manage service offerings efficiently, leading to increased accountability and improved service delivery.

    The Service Portfolio Management application enables you to document and manage your services, service offerings, and portfolios using a standardized, structured format.

    Service Portfolio Management overview

    The Service Portfolio Management application enables you to create, organize, and manage portfolios of IT services. It optimizes the value of services and reduces their costs to help you to streamline your IT business operations and meet customer demands. A service portfolio includes information related to the organization of services and data about each service, including status and related items.

    Service portfolios typically have three phases:
    • Service pipeline: Services that aren't yet operational or available for use. These services are typically proposed or services in review for suitability. In this phase, you can analyze and manage the future growth and time line for each service.
    • Service catalog: Services that are operational and available for use, as well as design and development. These services typically have representation in a request catalog.
    • Retired services: Services that are no longer operational or available for use. These services can include essential historical information.

    Service Portfolio Management users

    The following table presents the most common users for Service Portfolio Management. For more information about core roles and tables, see Installed with Service Portfolio Management.

    Table 1. Users
    User Description
    Portfolio admin

    Set up, create, edit, and delete services and service portfolios. Manage portfolios including related commitments and availability. Update taxonomy nodes, services, service offerings, and reparent services.

    Portfolio editor

    Edit and delete services and service portfolios. Update portfolios, taxonomy nodes, services, service offerings, and reparent services.

    Portfolio viewer View portfolios, taxonomy nodes, services, and service offerings.
    Service admin Set up, create, edit, and delete services and service offerings.
    Service editor Edit services and service offerings that they own or are a delegate of.
    Service viewer View all service portfolios, services, and service offerings.

    Service Portfolio Management workflow

    Depending on your role, you can use Service Portfolio Management for a variety of use cases.

    Figure 1. Service Portfolio Management overview
    Service Portfolio Management overview.
    • Portfolio admins create service portfolios, services, and service offerings. Portfolio admins can also use the ServiceNow® Service Builder application to create and edit services and service offerings.
    • Portfolio editors and service editors create, add, and assign roles to service offerings. Portfolio editors and service editors can also log outages, assess availability commitment results, assess service level agreements (SLA) commitment results, and identify service impacts from dependencies.
    • Portfolio viewers and service viewers can view service portfolios, services, and service offerings in both Service Portfolio Management and in Service Builder.

    Service Portfolio Management benefits

    The Service Portfolio Management application provides several benefits to help you organize services and other solutions.

    Table 2. Service Portfolio Management benefits
    Benefit Feature Users
    Create and manage service portfolios and add services and offerings to the portfolios. Create portfolios in Service Portfolio Management Portfolio admin
    Create and manage the overall portfolio taxonomy, including service nodes. Service Portfolio Management taxonomy Portfolio admin
    Create taxonomy nodes Create taxonomy nodes in Service Portfolio Management Portfolio admin
    Create services Create a service in Service Portfolio Management Portfolio admin and service editor
    Create service offerings, commitments, assign support teams to a service offering, and subscribe users. Service offerings in Service Portfolio Management

    Portfolio admin to create service offerings.

    Service editor to add commitments to an offering, assign multiple support teams, and subscribe users.

    Log outages Log outages in Service Portfolio Management Service editor
    View availability results View availability results in Service Portfolio Management All Service Portfolio Management roles
    Set the time zone for availability results Set the time zone for availability results in Service Portfolio Management Portfolio admin
    Integrates with the Common Service Data Model (CSDM) Applying the CSDM guidelines to Service Portfolio Management Admin