Despite the use of project portfolio management (PPM) solutions, the synchronization between plans, expenditure, and objectives is still largely ineffective. Data suggests that many firms are still struggling to maximize their profits and much of the PPM solutions fail to deliver on their promises.
With Strategic Portfolio Management, you can turn your big plans into a reality. Prioritize what’s most important, establish clear goals, and monitor your progress with a framework that will keep you always on track. You can deploy any strategy – waterfall, agile, or hybrid – to ensure the efficient delivery of outcomes that help drive your business forward.
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Finding Alternatives to ServiceNow Strategic Portfolio Management? Think AGAIN
ServiceNow Strategic Portfolio Management takes portfolio management to the next level, giving you a comprehensive view of your entire portfolio. This will help you make smarter decisions and optimize your investments. With its full range of capabilities and features, it sets itself apart from competing solutions.
- It can effectively manage and track initiatives, portfolios, and procedures through a single user-friendly interface.
- Furthermore, it provides automated processes with access to sophisticated analytics and real-time insights into project performance, enabling enterprises to make choices based on accurate, detailed data.
- Virtual workers can remain connected wherever they are using its mobile app features, allowing them to communicate quickly on projects and activities.
- In addition, ServiceNow Strategic Portfolio Management is extremely configurable and allows for smooth interfaces with third-party apps and current systems.
- By integrating numerous software solutions throughout a company into a single platform, this can help cut expenses. As a result, it’s easy to see why ServiceNow SPM outperforms competing portfolio management software options.
Want to learn what new possibilities await you with the Tokyo Release of Strategic Portfolio Management?
Here you go!
Striking Transformations: The Tokyo Release of Strategic Portfolio Management
The Tokyo release features enable you to coordinate tasks, prioritize based on your organizational goals, and improve functionality across SPM. These updates will help you make the most of your efforts and maximize their significance.
Let this update make managing your efforts easier and more valuable than ever!.
1. Alignment Planner Workspace (APW)
The Tokyo release enhancements to Alignment Planner Workspace (APW) mainly offers end-to-end planning experience to align goals and objectives with execution. This includes a Goal Framework that will allow you to enter Objectives and Key Results (OKRs) and cascade them across the organization. The Portfolio Backlog feature consolidates, reviews, prioritizes initiatives, and commits them to the roadmap.
Additionally, dependencies can now be added between tasks which helps visualize interdependence between tasks and flag conflicts between them as they arise. These new enhancements will ensure better visibility, decision making, and strategizing for all levels of your organization.
For instance, a CEO may need to review the progress of a research project but realize that the progress of the project depends on a report to be released by another team. The CEO can now add a dependency between these two tasks so they can track how one task affects the other and address any conflicts accordingly.
2. Export to PowerPoint
With a few clicks and some personalization, you can quickly convert your status reports into PowerPoint slides. This feature also enables you to generate line and bar charts from data quickly and change colors and fonts for branding purposes. In short, you can save time each week when producing status reports in the form of PowerPoint slides.
3. Financial Metrics
The all-new overview page consolidates financial metrics in real-time across fiscal periods, months, quarters, and years. As projects often require changes, this efficient system allows for more confident reforecasting and saves time. This also helps with strategic outcomes by linking work and strategy, allowing your team of portfolio managers, business leaders, and project managers visibility into the relevant tasks and metrics.
Identify and manage complex dependencies across systems, technologies, and processes for specific projects and services with ServiceNow Strategic Portfolio Management.
Bring Greater Clarity and Better Alignment with Expected Business Outcomes
Increase visibility into large complex dependencies with visualizations of what-if scenarios. Track employee activity on projects to pinpoint bottlenecks or misalignments with potential solutions. You will also be able to define clear project milestones and objectives based on the ever-changing requirements of your business.
Now that we know what SPM can do for your business, it is more needed now than ever to have a comprehensive portfolio management dashboard that will streamline the workflows and make a huge difference. But, if you find Strategic Portfolio Management implementation an uphill task, we are here for you to take the load.
AVASOFT is committed to helping organizations reap the benefits of ServiceNow Strategic Portfolio Management with an in-depth knowledge of its features and capabilities. Our specialized teams work closely with you to provide expertise and tailored guidance for successful implementation. Our approach combines expertise with best practices, enthusiasm, and proven framework to deliver robust solutions that exceed your needs.
See first-hand how our ServiceNow Solutions can revolutionize the way you manage projects and investments!
