Application Portfolio Management (APM) is a framework that provides managers with an inventory of software applications and a set of evaluation metrics. These tools provide for the comprehensive oversight of your application assets, as well as the ability to assess their quality and evolution over time.
An APM system uses algorithms to generate reports on the value of each application and the overall state of the IT infrastructure. By collecting parameters like an application’s age, frequency of use, maintenance costs, and its interconnections with other applications, a manager can employ multiple scenarios to decide whether a given application should be maintained, updated, retired, or replaced.
APM systems also offer development teams a technical view of software components, providing tools for daily impact analysis and knowledge enablement practices.
Manual analysis and classification of software assets are virtually impossible, which is why dedicated solutions exist. They allow for 100% automation in the collection, aggregation, and interpretation of such data.