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 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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