Project Portfolio Management, IT Financial Management Blog

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

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.  

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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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