Understanding Application Portfolio Management Basics

The “Application Portfolio Management Introduction” category is a comprehensive collection of foundational resources and articles. It guides designed to introduce CIOs, IT executives, and other decision-makers to the core concepts and principles of Application Portfolio Management (APM). This section of our CIO Reference Library provides a solid starting point for those new to APM. It offers valuable insights and practical knowledge to help IT leaders establish a well-balanced, cost-effective, and strategically aligned application portfolio.

Application Portfolio Management is an essential component of IT strategy, encompassing the evaluation, rationalization, and optimization of an organization’s software applications. APM enables IT leaders to make informed decisions about which applications to invest in, retire, or consolidate, ensuring the efficient use of resources and facilitating digital transformation.

Key topics within the Application Portfolio Management Introduction category include:

• APM Fundamentals: Understand the core concepts, principles, and objectives of Application Portfolio Management, and learn how APM can benefit your organization.
• APM Frameworks and Methodologies Overview: Explore the various frameworks and methodologies available for implementing APM, such as the Gartner APM Model, TOGAF, and others, along with their benefits and use cases.
• Application Assessment and Rationalization Basics: Discover the key steps and techniques for evaluating the business value, technical health, and strategic alignment of applications within your portfolio.
• Application Lifecycle Management Essentials: Learn the basics of managing the entire application lifecycle, from planning and development to maintenance and decommissioning, within the context of your APM strategy.
• Cost Optimization Fundamentals: Understand the importance of optimizing application-related costs, including licensing, maintenance, and support, and explore strategies for maximizing the value delivered by your application portfolio.
• APM Governance Introduction: Delve into the essential elements of effective APM governance, including roles and responsibilities, decision-making processes, stakeholder engagement, and performance measurement.
• Getting Started with APM: Learn practical tips and recommendations for initiating an APM initiative within your organization, including selecting an appropriate framework, engaging stakeholders, and establishing a governance structure.

The Application Portfolio Management Basics/Introduction/101 category offers a wealth of foundational knowledge and insights for IT leaders seeking to familiarize themselves with APM concepts and best practices. By leveraging this category’s resources, professionals can confidently begin their APM journey, laying the groundwork for a more efficient, aligned, and cost-effective application environment.