What is the application portfolio?
Most companies are divided into business units that specialize in specific areas of business operations. Application Portfolio Management is an application management process of specific business operations within the company. Some examples include sales, marketing, production and banking. Portfolio is usually a set of all applications of the company. The application portfolio is a set of software used by companies. This includes both administrative and business applications. By reviewing all applications as portfolios, executives can better understand business priorities.
The first step towards the implementation of portfolio management is access to the existing application inventory. This catalog will provide an overview of the costs and investment activities throughout the body. Once the catalog is created, it can be checked and preferred by each business unit.
Most application portfolios are managed by information technology program managers (IT). These managers are responsible for DennI can support and operate all applications in a particular portfolio. The Director of Application Administration is an individual who is an expert in managing large programs with competing priorities. It usually manages employees, contracts and customer relationships. Application portfolio process is a daunting task that requires excellent project management skills. Most program managers are certified in project management skills.
Portfolio management requires an understanding of operating costs and costs to improve for the application software. These costs include support centers, networks and hardware devices. Information technology costs continue to increase because new applications are added to the portfolio.
Most portfolio management strategies include reviews of investment for investment for proposed IT initiatives. A business case is usually required for any new IT investment. This business case defines the business need, the expected value and return on investment in the application. This document is later reviewed in the portfolio to see if the new application is really necessary.
Application portfolio is a disciplined access to the company's software management. This technique provides essential information on the cost, productivity and overall performance of the company. Without a portfolio management, operating costs can quickly get out of control.