Blog Post: Application Portfolio Management

Understanding Application Portfolio Management

Application Portfolio Management (APM) is a crucial aspect of Information Technology that focuses on managing an organization’s software applications and software-based services. It involves continuous identification, evaluation, and management of the IT applications in a company’s portfolio to meet specific business objectives.

APM is a strategic approach that helps organizations understand their software landscape, make informed decisions about software investments, and manage risks associated with their application portfolio. It is a key component of effective IT governance and is closely related to other IT disciplines such as Project Management, Change Management, and Business Management.

Key Aspects of Application Portfolio Management

• Assessment: Evaluating the performance, risks, and costs of each application in the portfolio.
• Prioritization: Determining the importance of each application based on its business value and technical condition.
• Management: Making decisions about maintaining, enhancing, retiring, or replacing applications based on their assessment and prioritization.

For more detailed information about Application Portfolio Management, you can visit the Wikipedia page dedicated to this topic.

Additional References

1. Gartner IT Glossary: Application Portfolio Management

2. CIO.com: What is Application Portfolio Management and how does it relate to other IT disciplines?