Application Portfolio Management for Modern Organizations
Understanding Application Portfolio Management (APM)
What is Application Portfolio Management (APM)?
Maximize efficiency and strategic alignment with our Application Portfolio Management solutions. Streamline processes and mitigate security risks. Application Portfolio Management (APM) is about managing and optimizing an organization's collection of business applications management to align them with its business strategy and goals.
In today's digital world, organizations rely on a complex mix of software applications to function. Application Portfolio Management (APM) steps in to bring order to this chaos. It's a systematic approach to governing, optimizing, and managing the entire inventory of applications within an organization.
Here's why APM is crucial
Application Sprawl: The number of applications used by organizations can grow rapidly, leading to inefficiencies, redundancy, and security risks.
Hidden Costs: Unnecessary applications can drain resources through licensing fees, maintenance expenses, and staff time required to manage them.
Alignment with Business Goals: Not all applications contribute equally to business objectives. APM ensures your application portfolio aligns with your strategic needs.
Application Discovery & Cataloging
Identify and document all the applications in use across the organization. Implement processes to manage the entire lifecycle of applications, from initial selection to development, deployment, maintenance, and eventual retirement.
Standardization & Governance
Establish clear policies and procedures for application selection, development, and use to ensure consistency and security.
Evaluate each application's value, cost, and alignment with business goals. This might involve streamlining the portfolio by retiring unused applications, consolidating redundant functionality, or migrating to cloud-based solutions.
By focusing on essential applications and applying proper governance, APM helps mitigate security vulnerabilities.
Enhancing Decision Making with APM
Evaluate each application's value, cost, and alignment with business goals. This might involve streamlining the portfolio by retiring unused applications, consolidating redundant functionality, or migrating to cloud-based solutions.
Data-driven insights from APM inform strategic decisions about application investments and retirement.
A streamlined application portfolio reduces complexity, improves user experience, and frees up IT resources for more strategic initiatives.
Improving Organizational Agility through APM
Application Portfolio Management enables organizations to adapt to changing business needs by facilitating faster application deployment and integration.