Application Portfolio Management (APM) is a tool that is used to assess your organization's current application portfolio and can help the organization to determine which applications need to be modernized.
APM enhances the functionality of PPM by providing predefined request types, data sources, workflows, validations, report types, users, and security groups.
Use APM to take the first step towards application transformation. Application transformation is the process of assessing (discovering, analyzing, making decisions about) and modernizing (keeping, changing, retiring) your organization's application portfolio.
If your current IT environment is made up of a bloated application portfolio, inflexible infrastructure, outdated applications, and/or inconsistent architecture, use APM to:
Document the size of your portfolio and what applications support your business processes
Compare and analyze application information (such as health, effectiveness, ownership, cost of ownership, business value, and risk)
Identify improvement opportunities and make a strategic determination about the future of each application in the portfolio
There are two main consumers of APM: the analyst and the user. The analyst collects and analyzes data about an organization's application portfolio and also collects information about how the organization is structured. The user manages applications he owns, supplies information for applications when requested by the analyst, and can view consolidated data about the applications in the organization's application portfolio.