Is your organisation ready to optimise its application portfolio and drive greater business value? Effective Application Portfolio Management (APM) isn’t just a one-time task—it’s a game-changer for agility, innovation, and cost-efficiency.
Here’s a roadmap for success: five simple steps to transform your application portfolio and unlock its true potential.
Every successful journey begins with understanding the landscape. Conduct a thorough inventory of your organisation’s applications, detailing:
With Colloquial, you can streamline this process using pre-built templates, bulk upload features, and Microsoft Teams integration to engage stakeholders and gather data efficiently.
Who’s accountable for each application? Identifying application owners and understanding user impact is critical. During this process, you might uncover applications with dwindling or no users, paving the way for rationalisation.
Once your inventory is complete, evaluate each application by its:
Compare these findings to industry benchmarks and identify gaps. Leverage Colloquial’s library of assessment templates and dashboards to focus on strategic fit, technical quality, and compliance priorities.
Apply a structured framework like TIME (Tolerate, Invest, Migrate, Eliminate) to categorise applications based on business usage and impact. This will help you develop an investment strategy for each application:
Using heatmaps and other holistic views within Colloquial, prioritise the applications that need immediate attention and ensure every decision drives impact.
APM isn’t a one-and-done activity. To stay agile and aligned with business objectives, ongoing monitoring and reporting are essential. Establish a central repository for your data and assign domain architects to ensure its quality.
Set quarterly and yearly data quality targets to measure success, and let Colloquial’s flexible monitoring tools help you maintain alignment with your strategic goals.
Taking these five steps can set your organisation on the path to optimised applications, streamlined costs, and improved agility. By leveraging tools like Colloquial, you can simplify the process, empower decision-making, and drive real business results.
Ready to take the next step? Let Colloquial help you navigate the complexities of APM and achieve lasting success.
