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Application Portfolio Management

APPLICATION PORTFOLIO MANAGEMENT

TECHNOLOGY | ROADMAP | MANAGEMENT
“As technology advances, businesses need to continually adapt and innovate to keep pace.”


APPLICATION PORTFOLIO MANAGEMENT

With POWERNET Application Portfolio Management (APM), you can be confident that IT investments map to your overall corporate objectives. Despite recommendations from analysts, organizations have made little progress in managing their portfolios. As the most obvious cost-cutting alternatives vanish, organizations must ultimately find out what kind of systems they possess. Is your organization struggling with identifying IT cost savings opportunities or having difficulties keeping portfolios in line with defined business objectives?


It doesn’t take long for complex software assets to become obsolete or outdated. Redundancy and misalignment are also threats to functionality and cost-effectiveness. Budget dollars wasted maintaining non-strategic assets can undermine your ability to fund the technology you need to create a competitive advantage.

CHALLENGES

  • Without data-driven insights, it’s difficult to determine how to best modernize your portfolio and optimize your budget
  • Disparate application use cross-enterprise leads to over-spending
  • It’s virtually impossible to proactively predict resource and monetary expenditures
  • Lack of visibility limits your strategic decision-making regarding investments, resourcing, and lifecycle
  • Without application prioritization, IT is subject to multiple requests for immediate application maintenance or purchase


How do I start with APPLICATION PORTFOLIO MANAGEMENT

WHAT IS APPLICATION PORTFOLIO MANAGEMENT(APM)?

APPLICATION PORTFOLIO MANAGEMENT

Application portfolio management (APM) is a critical part of IT governance. It enables organizations to inventory and manage all their applications in a highly transparent manner. APM provides the required flexibility and agility to respond to changing markets through real-time monitoring and tracking of application performance.

Application Portfolio Management (APM) is an approach to managing IT software applications and software-based services across the enterprise. Mapping the universe of software applications against a common set of strategic drivers of investment allows you to make critical decisions about which applications to maintain, invest, retire or consolidate. Our approach to APM is centered on cost, performance and strategic alignment with business needs.


Framework: APPLICATION PORTFOLIO MANAGEMENT

WHO CAN BENEFIT FROM APPLICATION PORTFOLIO MANAGEMENT SOLUTIONS?

APPLICATION PORTFOLIO MANAGEMENT

There are several benefits your organization can enjoy from POWERNET portfolio management. Thorough portfolio management of IT projects allows managers to monitor costs and reduce expenses wherever necessary. IT portfolio management also allows executives to centralize project details and other pertinent information to improve their knowledge and understanding of current portfolio assets. This process can help smoother communication within the team and organization and help with day-to-day functioning of the business processes. Thorough portfolio management allows you to detect redundant projects and minimize scope for repetition, ensuring that all resources and assets are being utilized in the most efficient manner.


This management also allows you to combine or modify redundant projects to fulfill more than one initiative. IT organizations can use IT portfolio management to their advantage by adopting a data-driven process to compare costs and business values of projects and make informed decisions instead of assessing each project separately. POWERNET is typically engaged by those responsible for software applications or information technology architecture who are:

  • Experienced Business Plan Consultants
  • Quick Turn Around
  • Cost Effective & Affordable
  • All Industries and Business Types
  • Responsible for managing costs and resources associated with the application portfolio
  • Managing the portfolio of software applications across the organization
  • Managing software development teams and associated infrastructure to meet service-level agreements (SLAs)

APPLICATION PORTFOLIO MANAGEMENTPOWERNETs Application portfolio management (APM) is a critical part of POWERNETs Governance, Risk & Compliance (GRC) solutions. It enables organizations to inventory and manage all their applications in a highly transparent manner. APM provides the required flexibility and agility to respond to changing markets through real-time monitoring and tracking of application performance.


Application Portfolio Management (APM) is an approach to managing IT software applications and software-based services across the enterprise. Mapping the universe of software applications against a common set of strategic drivers of investment allows you to make critical decisions about which applications to maintain, invest, retire or consolidate. Our approach to APM is centered on cost, performance and strategic alignment with business needs.


WHY YOU NEED APPLICATION PORTFOLIO MANAGEMENT(APM)?

APPLICATION PORTFOLIO MANAGEMENT

Every business is unique and has its own set of challenges. Our business plan consultants will build your business plan from scratch to fit the specific needs of your company. From start-up guidance to operations consulting, your company can become more successful with the support of one of our Go Business Plans consultants. First, let our team learn more about your business and listen to your needs. Then, we’ll identify key areas of opportunity, and help you to implement the right business plan and strategy for the growth of your company.


POWERNET ensures that the main organizational goals of IT portfolio management through a APM Framework, which includes identifying the best combination of multiple applications and projects to enable and optimize business processes, accommodate decision making on an executive level, providing more visibility to IT projects and so on. Other goals of IT portfolio management include creating a single source for all IT portfolios including potential investment, initiatives as well as assets. Management of IT portfolio also allows you to manage budgets and prioritize projects based on the overall budget.


IT portfolio management is considered very similar to other portfolios as it requires considerable preparation and analysis of risks and rewards. Based on the IT budget allotted by your organization, it is important to adopt a management system that allows your IT manager to alter, defer or cancel projects that are showing low return on investment in terms of business benefits. Additionally, it allows your company management to study their assets in the portfolio and make informed decisions. Proper management of portfolio helps managers understand the needs and necessities of specific projects before jumping into implementation.


Framework: APPLICATION PORTFOLIO MANAGEMENT

HOW POWERNET CAN HELP OPTIMIZE YOUR APPLICATION PORTFOLIO?

APPLICATION PORTFOLIO MANAGEMENTThe POWERNET team of technologists and business strategists employ a proprietary methodology to help our clients define Total Cost of Ownership (TCO) for their application portfolios. We take a unified approach, mapping clusters of applications around key questions. This inventory of your information assets is designed to prioritize technology spending for better overall business results. It allows you to know what you have where and how to take advantage of the structured solution. It will save your business money because the clustering of applications, means you won't duplicate a requirement, saving on development resouces and structure.

Our Team Can Help You:

  • Create a portfolio roadmap aligned with your business agenda and capacity (based on desired outcomes: hold, retire or invest)
  • Transform a silo-based delivery organization to a scalable, consistent, value-based model that can predictably identify business solutions
  • Rank applications by business-enabling values, including: strategic fit, functional comprehensiveness, technical adequacy, business criticality and total cost analysis
  • Drive transparency from top to bottom IT portfolio stack across the organization
  • Reduce costs and complexities through development of shared services, application retirement, replatforming and consolidation

Value: APPLICATION PORTFOLIO MANAGEMENT

What Our Application Portfolio Optimization Solutions Deliver

We help you to optimize your application assets so that they can deliver the best results for your business. An optimized application portfolio facilitates success both for your organization and for your future application development. Through our proven approach, you’ll be able to:

  • Improve alignment of application portfolio with overall business needs
  • Better understand total costs to use, keep and support your applications
  • Identify duplicate, redundant applications
  • Discover non-strategic application assets
  • Know where to cut applications to save money and resources
  • Recognize which applications have high maintenance costs
  • Deliver lower IT costs
  • Improve performance of software application portfolio
  • Speed time to market for new applications

Plan the Growth of Your Business

APPLICATION PORTFOLIO MANAGEMENTA clearly-defined strategic plan is important to the long-term success of your business. It outlines your business goals and the specific growth initiatives needed to achieve them. Our experienced business plan consultants can help you to analyze your potential market opportunities, provide strategic recommendations for growth, and develop the proper action plan to implement them.


What this means is that, we help entrepreneurs and businesses through every aspect of business launch and business operations — from creating business plans, investor presentation, financial projections – to actually providing sales, marketing, and business growth recommendations. Instead of just documenting your business, our business plan consultants can help grow your business. POWERNET will advise you on the best business, marketing, and operational strategies to build and grow your company.

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