Configure the Waterlines View for Portfolios

Portfolio managers and portfolio stakeholders use the waterline view to prioritize and rationalize the investments in your portfolio. The waterline signifies an analysis point for your list of portfolio investments. For example, the waterline might appear where the target for the primary constraint of total budget is met. By default, approved investments with the most recent finish date sort to the top of the list on the view. The unapproved investments with later finish dates sort to the bottom.
You can define rules to set up your own custom criteria to rank investments initially. As you review the list of investments during portfolio planning meetings with stakeholders, you can evaluate how the list of prioritized work compares to the set portfolio constraints of cost, benefit, and resources over the time. Based on feedback from your stakeholders, you can manually fine-tune the prioritization to rationalize your current investments and override the predefined ranking rules.
For example, you can determine a planned cost target for a portfolio plan, then set up the waterline configuration to snap to the primary constraint 
Planned Cost
. The waterline displays in your list of investments at the point where the planned cost target is met. Everything above the waterline is within the planned cost of the portfolio, and everything below the waterline exceeds the planned cost.
While the primary constraint determines where the waterline appears in the list, ranking rules determine which investments appear above or below the waterline. You can manually override what is above the waterline by dragging the waterline itself or by dragging investments to a new place in the list. As you rearrange the waterline or investments in the list, the resulting variance between the target constraints and your portfolio totals displays.
The following illustration shows the Waterlines view and the tools that let you display the desired portfolio information:
This image shows the user interface elements on the Waterlines view.
    . Lets you define investment ranking rules, display constraint gauges at the bottom of the view, and display time-scaled aggregates for investments in the Gantt chart.
    Plan drop-down
    . Lets you select any existing plans for the portfolio. The Waterlines view changes to match the data in the plan.
    Aggregation constraint drop-down
    . Lets you select the portfolio constraint that you want to view in the aggregation rows.
    Aggregation rows
    . Display time-scaled aggregates of the above waterline, below waterline, and variance values for a selected portfolio constraint.
    Constraint Gauges
    . Display variance information about the totals above and below the waterline. Any column constraints that you display in the list also display as constraint gauges.
Follow these steps:
Review the Prerequisites
Before you begin configuring the waterlines view, verify that the following tasks are complete:
  • Review the 
    Portfolio Management 
  • Select the portfolio investments and synchronize the portfolio with latest product information.
  • Create any portfolio plans that you want to vary from the portfolio.
  • Create the targets for the portfolio and plans.
Configure the Constraint Columns for the Waterline View
To display the information that you want to show on the waterline view, begin by configuring the columns. For example, to use planned cost as the primary constraint that the waterline tracks, configure the waterline view to show the Planned Cost column. The columns that you add to the waterline view depend on your business needs and how you manage your investments.
Follow these steps:
  1. Open Home and from Portfolio Management, click Portfolios.
  2. Open the portfolio and click Waterlines.
  3. Click the Plan drop-down list and select the portfolio or a portfolio plan.
  4. Click the Options icon and click Configure.
    The List Column Layout appears.
  5. In the Available Columns list, select the columns for the waterline view and move them to the Selected columns list using the arrows.
    If you have added role totals to your targets, you can select the role to display as a column on the waterline view. For example, if you select DBA as a role on your portfolio Targets tab, a selection named 
    Role: DBA 
    becomes available as a column selection
  6. Click Save.
  7. (Optional) If you want a wider column for a column selection, complete these steps:
    1. Open the List Column Section menu and click Fields.
    2. Click the Properties icon for the column label.
    3. Increase the number in the Column Width fields and click Save and Return.
    4. Click Save and Return.
     You can also drag the column edge on the waterline view to increase or decrease the width.
  8. Review your columns on the waterline view and change them as necessary.
     Drag the Gantt portion of the view to the right if your new columns are not visible. You can also expand or collapse the Gantt chart using the icon that is located at the top of the list.
Define and Apply the Ranking Rules
The ranking rules determine where investments appear in the waterline view list. You create a ranking by assigning weights to investment attributes that apply to your investments. For example, you can weight approved investments to rank higher than unapproved investments. When the ranking calculations are made for all investments, approved investments appear higher in the list ranking. The more ranking rules you include, the more complex the calculations and the more variable the results. Consider carefully the rules you set for the initial ranking.
The weighting that you assign to attributes is relative. Select the investment attributes to weight and assign a weight that is based on your business needs. The initial ranking provides a starting place for an evaluation of the portfolio or plan. To rationalize your portfolio, manually move investments in the list and see the results of your changes.
These points outline how to set up ranking rules:
  • Select the primary portfolio constraint for the waterline. For example, select Planned Cost as the primary constraint. In this case, the waterline appears in the list where the planned cost amount for the portfolio is exceeded. Similarly, select Planned Benefit as the primary portfolio constraint. In this case, the waterline appears at the point the planned benefit is realized.
  • Select the investment attributes available at the portfolio level and assign weights to the attributes. You can select from all available attributes for all investment types that are included in the portfolio.
  • To indicate more importance, assign an attribute greater weight. To indicate less importance, assign less weight. For example, to indicate that the % Complete attribute for an investment carries more importance, assign it a greater weight than other attributes.
  • If you select an attribute that is a lookup, you can assign weights to the individual values of the lookup.
 When you create a plan for a portfolio, the plan inherits the ranking rules of the portfolio. When you copy a plan, the copied plan also inherits the ranking rules of the portfolio.
Follow these steps:
  1. Open Home and from Portfolio Management, click Portfolios.
  2. Open the portfolio and click Waterlines.
  3. Click the Plan drop-down list and select the portfolio or a portfolio plan.
  4. Click Ranking Rules, then click Define Ranking Rules.
    The Prioritization Criteria page appears.
  5. In the Primary Constraint field, select the investment attribute that the waterline uses as a primary constraint.
    For example, if you want to use planned cost as a primary constraint, select Planned Cost. The waterline displays when the planned cost target is exceeded in your list of investments.
  6. Click Add.
  7. Select the check box for each attribute for which you want to apply ranking rules and click Add.
    The attributes appear on the Prioritization Criteria page.
  8. For each attribute, complete the following steps:
    1. Select the ranking method.
    2. To indicate the weighting, enter a number value in the Attribute Weighting field. If you select an attribute that is a lookup, click Lookup Value Weighting on the attribute row to indicate a weighting for each individual lookup value.
  9. When you have completed the ranking rules for the selected attributes, click Save and Return.
  10. Click Ranking Rules, then click Run Ranking Rules.
    The calculations for the ranking rules complete, and the list on the waterline view is reordered. The waterline displays in the list at the point where the portfolio exceeds the primary constraint.
  11. If the investment list is long, click Find Waterline on the toolbar to scroll to the waterline in the list.
Balance Portfolio Cost and Resource Constraints
To view the details of how your portfolio is doing for the planning horizon, display waterline aggregates for a specific portfolio constraint for a specific time period. For example, to view how the Planned Cost constraint is affecting the portfolio investments, select the constraint and view these aggregation values:
  • Above waterline
  • Below waterline
  • Distributed target
  • Variance between distributed target and above waterline
  • Negative variance values in red color
You can change the time scale to view a breakdown of the aggregation values by different time slices such as monthly or quarterly. The aggregation details let you narrow down your issues so you can balance out the capacity for a given demand. For example, you can change the investment dates to try to balance a negative variance in your planned cost in a given quarter.
These conditions determine the behavior of the aggregation rows:
  • The display settings of the Waterlines view. If you apply a filter to the view or you hide the Gantt chart, the aggregation rows do not appear.
  • The changes that you make to the investment data in the Waterlines view. The aggregation rows synchronize with the changes you make to the view. For example, if you re-prioritize the investments list or you change the investment dates, the aggregation rows are recalculated to reflect these changes.
  • The login status of the user. The portfolio constraint that you select to aggregate applies to only one login session. If you log out, the aggregates are not saved. To display the values again, reselect a portfolio constraint to aggregate.
Follow these steps:
  1. Open Home and from Portfolio Management, click Portfolios.
  2. Open the portfolio and click Waterlines.
  3. Click the Aggregate constraint drop-down list and select a portfolio constraint for which you want to view aggregated waterline values.
    The aggregation rows appear below the investments list and the Gantt chart.
  4. To display the time-scaled aggregate numbers for each investment for a constraint, click Show Values on the toolbar.
    The aggregated numbers appear on top of the Gantt bars.
Verify Your Waterline View Selections
Verify that the waterline results are what you expect. Any column constraints that you display in the list also display as constraint gauges at the bottom of the list. The gauges provide variance information about the totals above and below the waterline.
In case the constraint gauges are not visible, click Show Totals on the toolbar.
 Investments added to the portfolio after the last ranking appear at the top of the list on the waterline view. The investments are assigned NR (not ranked) in the Rank column. The investments with this rank are not included in the waterline view totals. Run the ranking rules again to include newly added investments.
To determine the deficits or surpluses for a portfolio constraint in a time-scaled display, review the aggregation row values. To help balance the portfolio, make the necessary adjustments for the constraint.
Save or Discard Your Pending Edits
The changes that you make to your Waterlines view are saved as pending edits that you can then either save permanently or discard. All the pending edits are saved in a temporary area until you can commit to them or can decide to lose them. The Discard Changes button is enabled whenever there are pending edits on the view.
If you move away from the Waterlines view or you log out from the application, your pending edits are saved. When you log back in, you can accept or discard the edits.
The pending edits appear with a red flag that disappears when you save them or you discard the changes. For example, these changes get saved as pending edits on the Waterlines view:
  • You drag-and-drop investments to a new location to improve or lower their ranking.
  • You change the investment attributes such as start and finish dates either by changing the Gantt bars or by editing the grid cells.