With a large majority of expenses going to manage the existing IT applications,
The transparency of the current inventory of applications and resource consumption is a primary goal of Application Portfolio Management. This enables firms to:
1) Identify and eliminate partially and wholly redundant applications,
2) Quantify the condition of applications in terms of stability, quality, and maintainability,
3) Quantify the business value / impact of applications and the relative importance of each application to the business,
4) Allocate resources according to the applications' condition and importance in the context of business priorities.
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