Understanding Business Demand with ServiceNow SPM

Strategic Portfolio Management (SPM) in ServiceNow helps organisations align their investments, projects, and resources with business priorities. A key aspect of SPM is understanding business demand—ensuring that IT and other departments are focused on the right initiatives that drive value.

How ServiceNow SPM Helps in Understanding Business Demand

1. Capturing and Prioritising Business Needs
   ServiceNow SPM provides a structured approach to collecting, evaluating, and prioritising demands based on strategic objectives.

2. Aligning IT with Business Goals
   SPM enables businesses to assess how IT projects contribute to organisational success, ensuring resources are allocated effectively.

3. Optimising Resource Allocation
   Demand management tools within ServiceNow SPM help organisations assess feasibility, costs, and resource availability before approving initiatives.

4. Enhancing Decision-Making with Real-Time Insights
   ServiceNow’s analytics and dashboards provide real-time visibility into demand trends, allowing leadership to make data-driven decisions.

5. Standardising Demand Management Processes
   By automating demand workflows, businesses can ensure consistency, transparency, and efficiency in evaluating new initiatives.

How Velocity Consulting Can Help

Velocity Consulting specialises in optimising ServiceNow SPM to enhance business demand management. Our ServiceNow SPM Consulting Services help organisations prioritise, manage, and execute business demands effectively. Contact us today to maximise the value of your strategic initiatives.