PPM Standard (Project Portfolio Management)

  • Release version: Yokohama
  • Updated January 30, 2025
  • 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

    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
    Application installed with Project Portfolio Management Standard

    PPM Standard additions

    PPM Standard adds the portfolio workbench, that you can use to perform all aspects of financial planning. You can also perform financial planning and budgeting using UI actions on related lists, but the workbench is the preferred method. See for more information. See for information on how to plan end-to-end finances for projects and portfolios, including tracking actual costs and creating budgets as part of the Financial Management application.

    Get started with project management

    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.
    • Financial planning: Create cost plans, track budgets, and manage investment funding. See Financial planning for portfolios.
    • Portfolio management: Prioritize demands, manage portfolios, and track portfolio performance. See Portfolio Management.
    • Installed components: Review the roles, tables, and configurations installed with PPM Standard. See Roles installed with PPM Standard.