application portfolio management
As organizations grow, they face a number of issues - multiple platforms, technologies, and applications, many of which are legacy, multiple applications delivering similar functionality; intricately integrated applications that make enhancements difficult; dearth of application knowledge, etc. They impact the ability of organizations to make informed investments in IT.
Application portfolio management (APM) is a framework for managing enterprise IT software applications and software-based services. APM provides managers with an inventory of the company's software applications and metrics to illustrate the business benefits of each application.
AaronRichards' Application Portfolio Managment methodology uses a scoring algorithm for generating reports about the value of each application and the health of the IT infrastructure as a whole. By gathering metrics like an application's age, how often it's used, the cost it takes to maintain it and its interrelationships with other applications, a manager can use more than just an educated guess to decide whether or not a particular application should be kept, updated, retired or replaced.
AaronRichards’ Application Portfolio Management approach provides end to end services including due diligence, portfolio analysis, transition, Business As Usual (BAU) and continuous improvement for a wide range of bespoke and packaged applications. Its framework enables customers with:
- Analytics-based insights for continuous improvement
- Business Process SLA/KPIs
- Proactive, predictive and perfective maintenance
- Unmatched visibility into application behavior and its impact on business
- Alternative Pricing Models to cater to business contexts
Today, IT is not just a technology supplier, but a business partner. Businesses increasingly expect start-up qualities from their IT teams: rapid innovation, agility and collaboration between the business and IT on new solutions and reducing time to market.
To be a true partner to the business, IT organizations must achieve industrialized delivery - continuously optimized cost and a well-managed portfolio. This frees up budget and resources for innovation or modernization of legacy applications and, importantly, strengthens the credibility of IT teams with their business stakeholders.
The speed at which businesses need to run in order to remain competitive is wreaking havoc on the IT organization. Business leaders now look to their CIOs to enable new revenue streams and markets. They require ever-faster times to market, higher levels of flexibility and quicker returns on investment. They need timely information, both to analyze past business performance and to predict likely future outcomes — and they want all this at lower costs.
If legacy technology, and the inability to adopt new technology, is holding you back, AaronRichards can help. Our consultants can help transform your business and technical environments with modernization and application portfolio management services that leverage innovations in cloud, mobility, cyber, social and analytics.
Through our Application Portfolio Management approach, we can help unlock capital that CIOs can then redirect to higher-value initiatives — projects that support the business strategy with innovation and differentiation. The results are compelling:
- Total cost of ownership (TCO) can potentially drop by 20 to 30 percent, largely from eliminating obsolete apps, infrastructure and databases.
- Risk profile can be strengthened by 10 to 20 percent, largely by replacing custom apps with COTS.
- Agility can be improved by 30 to 40 percent, largely by changing the service mix to cloud, SaaS, managed services and business process services (BPS).