What Makes Portfolio Management Essential Part of Application Development & Management?
Business application, whether at the enterprise level or the customer-centric app, plays a vital role in shaping up the growth factor.
It is of imperative concern to focus on the advanced features, interactive user interface, and intuitive usage of the app to stay competitive in the marketplace. For such reasons specifically, application development and management services are given utmost importance to take a strategic approach to build and manage.
But, have you ever thought of managing the portfolio of all business-level applications, finding which one needs to upgrade or to eliminate.
In that respect, you can rely on Application Portfolio Management (APM) assistance as a part of ADM services to stay relevant in the marketplace.
So, here in this post, we will be taking you to Application Portfolio Management and its benefits.
Without any further adieu, let’s get started on the same.
What is Application Portfolio Management?
Application portfolio management is the process of classifying, overseeing, and evaluating the enterprise’s portfolio or the inventory of applications. It is basically more on the management side of the applications to see whether the app is outdated, requires more features, optimization, or not.
It is worth investing a little into APM service to understand the relevance of your available set of business apps and stay competitive in the marketplace. This form of analysis helps see the landscape of the app in real-time and prevent the higher cost of optimization.
Key Benefits of Adopting Application Portfolio Management
1. Get Complete Visibility Over IT Applications
Over the past few decades, there has been an incredible surge in a number of mobile applications. Enterprises are investing heavily into app development for the process of organic growth, merger’s, acquisitions, and more. It results in increasing redundancies and complexities at the level of managing and providing visibility to the applications.
To help with the issue, application portfolio management helps the companies to create an end-to-end inventory of the applications to manage the same. Whether, it can be of looking at the app based on the development, cost, lifecycle, or business capabilities, you can have visibility overall in a hassle-free manner.
2. Do the Application Rationalization
By relying on application portfolio management assistance, you get access to the dashboard that helps provide the following information.
* It provides you application details regarding its replacement, retirement, and upgrade information.
* It helps you acquire clarity on the data of the application, whether it needs to be removed or optimized accordingly.
* With the dashboard, you will have a clear understanding of the current and futuristic working conditions of the application to manage business offering swiftly.
* It let you know which business application has the highest capability of supporting your enterprise and which does not require it at all.
* It also provides a questionnaire that helps you find out what users feel about your business application. It further helps to make necessary changes in the app accordingly.
3. Manage Application Risk and Standardization
IT departments within the organization have to manage an extensive range of managing software and applications. The APM dashboard provides the functionality to manage it all including the external libraries as well. The dashboard allows you to show how applications are affected by technologies or towards the end of life. Once the assessment is done from the APM dashboard itself, it allows technical managers to do the necessary changes and keep running the applications accordingly.
4. Improve IT Transformation Roadmap
By implementing the virtues of APM as part of ADM services, the IT team of your organization gets a complete overview of the system and application. It allows the team to simulate future IT prospects and analyze the overall economy of assumptions. Moreover, it provides you with a complete overview of the application, whether to add more features, resources, or technology.
Concluding Thoughts
Streamline your application development management portfolio with APM services and better support the organizational issues. Simply rely on the ADM expertise of OrangeMantra to better take care of your business application and its aspects accordingly.
