What Is Application Portfolio Management?

Application portfolio management (APM) is a framework for managing enterprise IT applications and software-based services

Application Portfolio Management

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Application portfolio management (APM) is a framework for managing enterprise IT applications and software-based services

Application portfolio management (APM) is a framework for managing enterprise IT applications and software-based services. Application Portfolio Management (APM) provides managers with a list of the company's software applications and data to illustrate the business benefits of each application.

Application Portfolio Management (APM) systems use a scoring algorithm to generate reports on the value of each application and the health of the IT infrastructure. By collecting data such as how long an application is used, how often it is used, how much it needs to maintain the application, and how it interacts with other applications, administrators can decide whether a particular application should be retained, updated, or retired Or replace.

Application Portfolio Management (APM) is actually a repeatable implementation process that is used to evaluate the applications we have. If an application does not fulfill or does not meet our requirements, we will phase it out and use a better application. Program to replace it. We are trying to reduce our expenditure on maintaining existing applications (which are not running very well) through application portfolio management, thereby investing the saved money in new and better applications. ^[1]