The compelling case for applicationportfolio management
For most companies, whatwould you say is the greatest challenge to achieving innovation? Is it a lackof skill? Imagination? Dedication to success? In our direct experience,confirmed by research we’ve done, it’s none of these things.
Across the globe, we findthat skilled, imaginative, and dedicated teams are increasingly hampered bylimited financial resources. Operational and maintenance expenses consume fartoo much of the IT budget, so there’s little left to fund initiatives thatmight lead to technological breakthroughs. Consequently, too many softwaredevelopment organizations spend their time just keeping the lights on, so tospeak, rather than pursuing their own innovation agenda.
One answer lies in betterunderstanding and streamlining the many applications most businesses havemaintained for years, often without evaluating their true effectiveness or costto the company. An application portfolio management (APM) program can help withthis all-too-common problem.
In an upcoming paper, APMevangelist and software development expert Per Kroll explains itthis way: “APM is the practice of continuously assessing the applications thatrun your business in terms of their business value, enhancement potential, andcost. APM enables teams to makedecisions about what actions to take with each of the portfolio elements. Itprovides a transparent and objective process for managing investments inexisting applications by providing the information gathering and analyticscapabilities to enable better and faster decisions.”
Overthe past month, I’ve had the pleasure to help Per prepare this paper forpublication. Designed for readers who may be unfamiliar with APM, plus thosewho are curious about what IBM offers in this space, the paper offers a numberof scenarios where APM can make a difference. It will be available in a week orso, and I’ll let you know when it’s live via this blog (and elsewhere!).
In the meantime, read aboutIBM Rational solutions for Application Portfolio Management and related portfolio-basedtechniques here. And you can find anarticle in Electronic Component News onthe IBM Rational approach to APM by Hayden Lindsey here.
About the author:
Mike Perrow works as a writer and editor for the brand strategy team within the IBM Rational organization. His current focus is assisting thought leaders and subject matter experts as they explain the business value of Rational products and services through white papers, journal articles, and other forms of the written word. Prior to this position, he served for eight years as the founding editor of The Rational Edge ezine. He can be reached at email@example.com