Project Portfolio Management, IT Financial Management Blog

HP PPM and HP Discover

Germany, at Christmas. What could be better? Add in an amazing conference and successful sessions and it was an amazing experience.

Labels: APM| Discover 2012| PPM

1 critical way that APM can help you reduce cost and risk in your application portfolio

I hope you heard about our new module in PPM 9.12Application Portfolio Management (APM).   I recently shared with you about how the APM module can help organizations leverage the discipline of PPM portfolio management and improve their cost, speed and agility.  

 

Let’s take a deeper dive into the problem and look at what I think a key area that APM can help improve the application portfolio.   I’m not sure if you saw my earlier post about the importance of business alignment/ orientation, a few weeks ago, I made the point that business processes / capabilities are a key element to consider when planning and prioritizing your portfolio.  When we talk about Application Portfolio Management – business processes/capabilities are even more important.  Being able to clearly understand how an application relates to the business activity it supports is vital – especially when you are looking at your portfolio of applications.  

 

Why?   

 

Without understanding the relationship between your applications and the associated business capabilities,Applications to Process - APM.png then you will have a difficult time, perhaps impossible time, trying to identify where you have redundancy in your portfolio.   Sure, some duplication will be obvious, but in an application portfolio of any size, you will want a framework to reference.   In APM, we’re using the American Productivity & Quality Center (APQC) framework as an out of the box business process framework, which then allows the team to map applications to specific business processes. If you are organized in terms of business capabilities (as opposed to processes), then APM is flexible enough to easily shift from the process view to use your organization’s capability framework.

 

With the application and business relationships information in APM, the analysis and discovery of potential redundancy can be fairly straightforward.  Of course, once you find possible redundancy, additional research to confirm will often be the next step.  But, without a business oriented perspective into the application portfolio, then even the first step of finding possible redundancy can be a huge leap.

 

If you’re interested in HP PPM, you can follow us on the HP PPM Blog  or even follow us @HPPPM on Twitter

How HP Application Portfolio Management can help speed innovation and reduce your technical deficit

Have you thought about how the legacy costs of your application portfolio prevents you from investing in innovation?  

 

Or, perhaps how the technical debt of your application portfolio just keeps growing? (and you don't have to worry about a 'debt ceiling') 

Garage Mess.png

 

I’ve often used the analogy of a cluttered garage as a way to describe what some application portfolio’s may look like…  Ok, perhaps this graphic is a bit extreme, but there is a real problem in the modern enterprise.   I recently read a report by Phil Murphy at Forrester, where he used the word “hoarder” when describing the problem of application retirement (or perhaps ‘non-retirement’ is more accurate).  I think he was spot on.

 

Imagine, if your application portfolio is just 50% cluttered and unaccounted for – how much of your organization’s scarce resources are potentially wasted on unnecessary, redundant and fragile applications.   I understand that it can be hard, very hard to decommission a legacy application.  There are often well intentioned reasons to keep a legacy application around for a while (easy access to legacy data, infrequent reports, that one stubborn business unit, etc…), but these applications can be both expensive and a source of risk as well. 

 

With the Application Portfolio Management module in PPM 9.12, you are able to apply the power and discipline of your portfolio management processes to help address this the challenges in your application portfolio.  Here’s how:

 

Assess:  First, you'll want to understand what is actually in your portfolio, how it relates to the business (ownership, business process/capability) and the cost and value each application.  You also, will want to seek the perspective of stakeholders about the health, quality and value of each application.  With this understanding, you are able to examine the portfolio and look for redundancy, high cost/low value, legacy technology and other situations that cost you precious time and money.  

 

Modernize  Using the portfolio management capabilities of PPM, you will be able to select the best transformation projects, and then track and manage the project execution in PPM.  As you consolidate applications, re-platform, or modernize the infrastructure, you will free up resources which can be re-invested in the organization on business initiatives, rather than keeping the lights on work.

 

Maintain  Application portfolio management doesn’t stop when the modernization projects are completed, rather this is where the ongoing value of enterprise portfolio management kicks in.   You need to also look at future business proposals from the lens of your current application portfolio.  Use your information about your current portfolio to avoid projects which would lead to future duplication of an existing capability- rather why not improve the existing capability?

 

Easier said than done?  Let's be clear.  This is very, very hard work, even harder if your tool is spreadsheets, meetings and email.   With the new Application Portfolio Management module in PPM, much of the pain and difficulty is managed by PPM, giving you the opportunity to lead and transform your application portfolio.  (think of it as not having to deal with a 'debt ceiling'... -- you get the picture)

 

If you’re interested in HP PPM, you can follow us on the HP PPM Blog  or even follow us @HPPPM on Twitter

Labels: APM| PPM 9.12

Announcing PPM 9.12 and Application Portfolio Management

Today, I’m very excited to announce the most recent update to HP’s industry leading Project and Portfolio 

IT Performance Suite.jpg

Management solution.  As a central element in the HP IT Performance Suite, Project and PortfolioManagement helps organizations capture, manage, prioritize and select projects for future investment.  The approved projects are then tracked and managed, providing clear data about the health and status of all projects in flight.  The portfolio and project execution information from PPM is accessible through PPM dashboard and the HP Executive Scorecard.

 

This latest version of PPM 9.12 builds upon the PPM 9.1 framework announced in February, focusing on a number of key innovations and enhancements.

 

At the top of the list is the addition of the new Application Portfolio Management (APM) module to the PPM

38 - APM Dynamic Graphing - Relationshps and Color.png

 platform,enabling customers to actively manage their application portfolio – rationalizing the size and cost of their portfolio.  In many organizations, 60 to 70 percent of their IT budget is devoted to supporting the existing applications and infrastructure. 

 

Leveraging Application Portfolio Management processes, they can discover opportunities for modernization and simplification, leading to lower operating costs, increased capacity for innovation and application re-use.  Application Portfolio Management (APM), incorporates key best practices gleaned from years of HP experience performing application rationalizations on behalf of customers.   

08 - APM Filtered Bubble Chart.png

As an integrated module of PPM, data from the Application 

 

Portfolio module flows into the overall portfolio management processes of PPM, enabling prioritization, optimization and what if analysis to determine the ideal investments for the organization.

 

Also new in PPM 9.12 is a new Business Objects PPM operational reporting universe focused on project management.   We’re delivering this update through  the HP

APM Survery Report.png

 Live Network – see this post, for more details about HP Live Network, which will be a key delivery mechanism for both reporting content and future PPM best practices. 

 

We continue to improve and enhance the PPM user interface to make it simple and intuitive for end users to manage their portfolios and projects.  For example, in portfolio analysis, the table of proposals is now more flexible and dynamic, supporting sorting and end user modifications.   Also, a flexible table component is now available throughout the demand management workflow.

 

We are all very excited about how the new capabilities of PPM and Application Portfolio Management will help organizations become more efficient and effective in reaching their business goals.

 

If you’re interested in HP PPM, you can follow us on the HP PPM Blog  or even follow us @HPPPM on Twitter

Labels: APM| PPM 9.12

HP Agility Blogger Event today – Watch live!

Today, I’m participating in the HP Agility Blogger event, where we’re talking about how we are helping our customers improve their agility.  This afternoon we’ll even be talking about the impact of application portfolio on organizational agility and how with HP Application Portfolio Management, they can chart a course to streamline, save and increase agility.

 

If you’re interested in following the event LIVE:     http://ow.ly/5IaND

 

I’ll update this later with more insight.

 

If you’re interested in HP PPM, you can follow us on the HP PPM Blog  or even follow us @HPPPM on Twitter

Application transformation: Keep your portfolio healthy

Don’t think of application rationalization and transformation as a onetime investment. It’s more of a lifecycle that you need to commit to keeping in shape. You need to have a consistent, transparent and reliable way to evaluate the new demand against your current application portfolio.  This is the intersection of enterprise architecture and  portfolio management.  

With PPM – you have the tools to plan to succeed – Customer Forum Wrap Up

I hope you had a great time at the PPM, Asset Management, ITFM and Executive Scorecard Customer Forum (that sure was a snappy title) in New York.  As you know, it was a full house, with lots of great interaction and insight.  The host, BNY Mellon created a fantastic environment for our two days together.  Customers shared their experiences, successes and challenges with each other and HP and key industry thought leaders.   It was a fabulous event and we’re glad you were there.   If you happened to miss it, then don’t worry.   We’ve got you covered.    Just join us next month in the city of lights – Paris France, where we’re going to facilitate the same great interaction and sharing.   Set your calendars May 12-13th, book your flights and get registered for what is shaping up to be a fantastic event.

 

The HP PPM Video Production Studio was busy developing a few short videos that help tell the story how APM, PPM, ITFM and Executive Scorecard help leaders like you become more empowered, efficient and effective.   We’ll be posting those cool videos shortly, perhaps we’ll even have a contest to see which one is most popular. 

 

I want to make sure that if you missed our excellent customer forum in New York, you know that we’ll be doing it again in Paris.   Hope to see you there.

 

If you’re interested in HP PPM, you can follow us at the HP PPM Blog  or even follow us @HPPPM on Twitter

HP Project and Portfolio Management powers application transformation

I recently shared a short update about some exciting sessions planned for this year at HP Discover. Today, you may have noticed that we’re talking about the importance of rationalizing, simplifying and aligning your portfolio of applications.  In many organizations, applications grow and evolve overtime, adding to costs and making it harder and harder to effectively support them all. The need for IT to be more nimble, agile and responsive is creating significant pressure on the application portfolio to become lean and nimble as well. This is why we’ve been working on how rationalizing and transforming your application portfolio can have a major impact on the value of the services you deliver.  

 

You may not have realized, but Project and Portfolio Management (PPM) plays a vital role in the application transformation journey.   The obvious part of how PPM fits in the story is managing the complex programs and projects that are needed to successfully implement the application transformation.  The “Portfolio” part of PPM is also important—being able to evaluate multiple proposed projects, determine alignment and make the best business decisions about which proposals to fund. 

 

But, it’s not that simple.  The first step of an application transformation effort starts with assessing the current state of the application portfolio.  Actionable information about the current portfolio is critical.  Based on current state, you will be able to identify which applications deliver the greatest value, present the greatest risk and are the most costly. You also need to understand how these applications relate to each other, as they rarely operate in a vacuum, but are often linked together sharing data and processes.

 

HP Application Portfolio Management (APM) is a new SaaS based capability that is built on top of the PPM platform.  APM leverages the powerful collaboration elements of PPM to gather and manage the vital information needed to make sound business decisions about managing and optimizing the application portfolio.   APM also APM Screenshot 2.pngincludes a new application to business process relationship visualization capability that helps to highlight how the various applications are related each other and to the associated business process.    But it doesn’t stop there.   APM fully leverages PPM’s portfolio management and visualization tools to help facilitate sound and timely business decisions about how to plan the application transformation journey.

 APM Screenshot 1.png

Initially, APM will be a SaaS offering exclusively through HP Enterprise Service’s Application Rationalization engagements.  As the APM product matures and evolves, there will be more options about how to access and leverage APM.  Stay tuned here and see us at HP Discover where we’ll have more updates about how this capability.

 

If you’re interested in HP PPM, you can follow us at the HP PPM Blog  or even follow us @HPPPM on Twitter.

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About the Author(s)
  • Brian is a Product Marketing Manager for Application Development Management Solutions with and previously for Project and Application Portfolio Management, with extensive experience in presales and implementation roles.
  • This account is for guest bloggers. The blog post will identify the blogger.
  • The voice of HP PPM. Keep up with us for all things Project and Portfolio Management.
  • I help IT leaders to understand how well IT is performing from a business perspective.
  • Evangelist for IT Financial Management (ITFM), IT Governance and IT Portfolio Management, consulting IT organisations for Close to 15 years on principles of good governance.
  • WW Sr Product Marketing Manager for HP ITPS VP of Apps & HP Load Runner
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