To get started with Application Portfolio Management

7STEPS to get started with

Application Portfolio Management



What is APM?

Application Portfolio Management (APM) is the process of evaluating applications and creating a framework to measure and optimize application alignment with strategic goals.

Why Do I Need APM?

Over time, organizations amass a large number of applications, many of which are redundant, no longer provide business value, and are costly to maintain. By better understanding and optimizing your portfolio of applications, your IT organization is able to modernize legacy systems, eliminate redundancies, and reduce maintenance costs.

An effective APM strategy will create a partnership with business stakeholders and will optimize resources to focus on tools and systems that best help support business goals and needs and allow innovation and differentiation.

How Do I Get Started?

In this guide, we will explore the seven steps you can take toward getting started with your APM initiative:

1. Inventory Applications 2. Determine Owners & Sponsors 3. Assess IT Quality 4. Rate Business Value 5. Evaluate Application Portfolio 6. Develop Application Strategy 7. Re-evaluate Regularly

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Inventory Applications

Developing an inventory is often the most time-consuming step when beginning your APM initiative. Aside from the vast number of applications managed by IT, many organization find rogue applications that have been purchased or created by business units and are now essential to their departments.

When creating your inventory, make sure to: ? Identify the applications your team currently supports. A good way to start is by looking at what tickets are coming in to your support system. ? Catalog the new applications you are requested to develop. ? Include details on your applications environment such as the number of servers, database locations, and failsafes.

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