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 complex undertaking and typically includes details such as the name, version, and serial number of each asset as well as information about its financial depreciation, warranty, location, purpose, and owner. Technology inventories are […]

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 organization’s IT infrastructure. This includes everything from operating systems and utility software to drivers and firmware, and other types of low-level software that are essential for the operation of an organization’s […]

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 decision-making. These drivers can be internal, such as the company’s mission, vision, and values, or external, such as market trends, competitive landscape, and regulatory requirements. Here are some steps that can be followed to […]

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 value, cost, and risk. This is a crucial aspect of modern business operations, as companies rely heavily on technology and software to support various business processes and operations. Effective application portfolio management involves identifying the business […]

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 technology plays a crucial role in almost every aspect of our lives, application interdependency has become increasingly important. One of the primary reasons for the importance of application interdependency is that it allows for […]

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 that is “in flight,” or underway. Inflight projects are typically characterized by four different factors, including the following: Scope: An inflight project typically has a defined scope and […]

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 related assets. This process involves a range of activities, including planning, budgeting, resource allocation, and risk management, all with the goal of maximizing the value and benefits of an organization’s technology investments. Why is TPM important? […]

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 as the storage and retrieval of data. To understand application data flow, it is important to consider the various components involved in the process. These components can be grouped into […]

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 numerical value, or score, to each business application based on certain criteria, that make up the business application criticality score. Business application criticality refers to the importance of a business application in relation to the […]

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 organizations align their technology investments with their business objectives, prioritize projects, and allocate resources effectively. Having an IT roadmap is essential for five reasons: It provides a clear direction: An […]