Knowledge Base
Application portfolio management, explained
Plain-English answers to the questions IT and business leaders ask about portfolio management, technology governance, and IT strategy.
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Are Quarterly Business Reviews and Key Account Management related?
Quarterly business reviews (QBRs) and key account management (KAM) are related in that QBRs can be used as a tool to support the effective management…
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Business-IT strategic planning vs. IT strategic planning
Business-IT strategic planning is the process of aligning an organization’s information technology (IT) with its business goals and objectives. It…
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CIO Service Options: Virtual vs. Fractional IT Leadership Choices
Yes, there is a difference between a virtual and a fractional CIO.
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Digital Transformation for SMBs: Empowering Growth
Small and medium-sized businesses (SMBs) are increasingly realizing the importance of digital transformation in today’s competitive business…
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Five reasons Quarterly Business Reviews are being avoided
There are five reasons why quarterly business reviews (QBRs) are being avoided by organizations:
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How are Key Account Management and Application Portfolio Management strategies related?
Key account management (KAM) and application portfolio management (APM) are two separate but potentially related business strategies.
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How will a Programs and Project tool help my organization?
One of the main purposes of a project portfolio tool is to provide a centralized location for all the organization’s project data and information. This…
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Integrated IT Portfolio Analysis – A Comprehensive Guide
Integrated IT Portfolio Analysis, also known as IT Portfolio Evaluation, goes beyond just managing IT projects; it’s about optimizing IT investments…
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IT4IT™ Methodology: Optimizing IT Capabilities and Business Alignment
The IT4IT™ methodology, also known as the IT4IT™ Reference Architecture, is a powerful framework developed by The Open Group. It serves as a…
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Service Level Agreement (SLA) – Example Application
Service Level Agreement (SLA) for Sage 300 Accounting Application Maintenance
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Shadow IT: Risks, Root Causes, and Mitigation Strategies
Shadow IT, also known as stealth IT or unauthorized IT, has become a prevalent issue in modern organizations. It refers to the use of technology…
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Six tips to help document strategic business drivers
Capturing strategic business drivers is the process of identifying and understanding the key factors that influence a company’s business strategy and…
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Virtual CIO for SMBs – What is a Virtual Chief Information Officer?
The role of the Chief Information Officer (CIO) is to oversee an organization’s information technology (IT) strategy and operations. In the past, this…
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What are major components of Key Account Management (KAM)?
Key account management (KAM) is a business strategy that is designed to optimize the value of an organization’s relationships with its most important…
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What are Program and Project Vitals?
Project vitals, also known as key performance indicators (KPIs), are metrics that are used to measure the progress and success of a project. They are…
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What are the best practices to capture the interdependencies between IT Services and business applications?
There are several best practices for recording the relationship between IT services and business applications:
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What are the key factors involved in performing a technology assessment?
A technology assessment is the process of evaluating and reviewing an organization’s current and future technology needs to make informed decisions…
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What is a Business Application Inventory and why should I care?
A business application inventory is a comprehensive list of all the software applications that are used by an organization to support its business…
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What is a Business Relationship Maturity Model?
Business relationship management (BRM) is a discipline that focuses on managing and improving the relationships between an organization and its…
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What is a project charter and why do I need them?
A project charter, also known as a project document, plays a pivotal role in outlining essential project details, encompassing its scope, objectives,…
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What is a project repository?
A project repository serves as the cornerstone of efficient project development and management. It functions as a central location where various…
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What is a strategic business driver?
Strategic business drivers are the factors that drive an organization’s business strategy and determine its long-term success. These drivers can be…
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What is a technology inventory?
A technology inventory is a comprehensive list of an organization’s technology assets, including both hardware and software systems. This can be a…
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What is Application Data Flow and why is it important?
Application data flow refers to the movement of data through an application or system. It involves the input, processing, and output of data, as well…
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What is Application Interdependency and why is it important?
Application interdependency refers to the reliance of one application on another application or system to function properly. In today’s world, where…
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What is Application Portfolio Management?
Application portfolio management is the process of organizing, categorizing, and managing a company’s portfolio of applications to optimize their…
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What is Application Portfolio Scoring?
Application portfolio scoring is a process used to evaluate and prioritize technology investments within an organization. It involves assigning a…
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What is business relationship management?
Business relationship management (BRM) is the process of building and maintaining mutually beneficial relationships with key stakeholders within and…
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What is business-IT strategic planning?
Business-IT strategic planning is the process of aligning an organization’s information technology (IT) goals and objectives with its business goals…
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What is Data Management in relation to Application Portfolio Management?
Data management is an important aspect of application portfolio management, as it involves organizing, storing, and protecting the data generated by a…
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What is ideation in relation to IT Demand Management and IT Intake?
Ideation is the process of generating and developing ideas. In the context of IT intake, ideation refers to the process of generating and developing…
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What is IT demand management?
IT demand management is the process of identifying, prioritizing, and managing the demand for information technology (IT) resources within an…
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What is IT Financial Management?
IT financial management is the process of planning, budgeting, and controlling the financial resources of an organization’s information technology (IT)…
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What is IT Strategic Planning?
IT strategic planning is the process of defining an organization’s direction and making decisions on allocating its resources to pursue this direction.…
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What is meant by “In flight Project”?
An inflight project refers to a project that is currently in progress and has not yet been completed. In other words, an inflight project is a project…
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What is meant by high-level project planning?
High-level project planning is the process of defining the overall strategy and objectives for a project and identifying the key activities and…
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What is meant by process-centric Business Application Classification?
Process centric business application classification refers to the categorization of business applications based on their specific function or purpose.…
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What is Program and Portfolio Management (PPM)?
Program management is the process of coordinating and overseeing multiple projects that are related and interdependent, to achieve a common goal or…
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What is Program Portfolio Management?
Program portfolio management is a critical function that helps organizations effectively manage their portfolio of projects, programs, and initiatives.…
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What is Project Portfolio Management?
Project portfolio management is the process of managing a portfolio of projects to achieve specific business objectives. It involves the selection,…
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What is strategy execution management?
Strategy execution management is the process of aligning an organization’s resources and actions with its long-term goals and objectives. It involves…
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What is Technology Portfolio Management (TPM)?
Technology portfolio management is the process of managing an organization’s portfolio of technology assets, including software, hardware, and other…
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What is the BRM value plan?
A business relationship manager (BRM) is a role within an organization that is responsible for managing and improving relationships with key…
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What’s the difference between a Configuration Management Database (CMdB) and an IT Service Repository?
A configuration management database (CMDB) is a central repository of information about an organization’s IT infrastructure, including hardware,…
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What’s the difference between software and a business application?
Technology software refers to computer programs and related data that are used to operate and control the hardware and systems that make up an…
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What’s the purpose of business intelligence and reporting?
The purpose of business intelligence (BI) and reporting is to provide organizations with the information and insights they need to make informed…
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Why does my organization need an IT Roadmap?
An IT roadmap is a strategic plan that outlines the technology goals of an organization and the steps required to achieve those goals. It helps…
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