Staying current with many enterprise applications in the portfolio

1. What is enterprise application portfolio?
2. Why is application portfolio management important?
3. What should application portfolio include?

What is enterprise application portfolio?

Application portfolio management (APM) is a framework for managing enterprise IT software applications and software-based services. APM provides managers with an inventory of an organization's software applications and metrics to illustrate the business benefits of each application.

Why is application portfolio management important?

One of the most important benefits of APM is that it helps organizations identify what they need before making any new software purchases. Organizations can ensure they're making mindful decisions as they select the tools and platforms that suit their short- and long-term goals.

What should application portfolio include?

Application portfolio refers to an organization's collection of software applications and software-based services, which it uses to attain its goals or objectives. Managing these resources is often referred to as application portfolio management (APM).