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A deeper level of visibility in applications portfolio management for better decision-making

With deeper insight into the strategic and tactical levels of your portfolio you can answer critical application-related questions, including:

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  • How are applications performing over time?
  • Does the cost of an application align with the true business value of that asset?
  • Are some application assets degrading, while others improve?
  • Is the applications portfolio evolving to meet changing conditions?
  • Which application investments will yield maximum returns?

 

 

But according to Doug Longer, HP Applications Management Consultant, most service providers tend to focus at the portfolio level, not at the application level…and you need both. “You need to have visibility to where money is spent at the application level so that IT organizations and the business units can better understand and control expenses and investments.  This application level visibility provides actionable data for their decision-making,” said Longer.  

 

Let’s break it down.

The application-level activities identify, diagnose and develop improvement recommendations that arise from the course of ongoing operations. 

 

The portfolio-level activities then review those recommendations, using a strategic planning filter to ensure the best course of action is taken after considering alternative solutions. 

 

When combined  both levels of activities help paint a conclusive picture for the future direction of the portfolio.

“The best practice techniques for portfolio management should apply equally to a tactical, application level view of the portfolio as well as the strategic, or overall portfolio view.  Converging the tactical details with the strategic considerations provides a truly deliberate approach to applications management, and this is something customers need to keep in mind when selecting an APM solution,” Longer added.

 

Doug Longer further examines the importance of having deeper visibility into these two levels, and discusses the tools and processes organizations can use to better manage specific applications or entire portfolios in a series of articles that focus on best practices in portfolio management.  

 

Please share your thoughts on our approach to portfolio management.

 

Learn more

Visit the HP Applications Management Services page.

 

Comments
Nadhan | ‎07-25-2012 08:59 PM

Great list of questions, Jill.  The second question about the cost of an application aligning with its business value resonates very well with me.  It reinforces the point I make in one of my recent posts on a video from the HP Discover 2012 conference titled Value your applications to balance your Portfolio.

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