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Archive for the ‘application portfolio management’ tag

TIME Analysis & APM

Written by admin on April 25th, 2014 at 7:00 am

An important part of Application Portfolio Management (APM) is creating a strong inventory of information and leveraging powerful business intelligence and analytic capabilities to help identify transformation alternatives and make decisions in terms of which applications to maintain, invest in, enhance or retire. A comprehensive analysis will help identify under-performing applications, redundancies within the portfolio and highlight applications which may be costly and a poor fit.

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Rationalize & Get More Business Value from Your Applications – March 18th

Written by Ben Chamberlain on March 10th, 2014 at 8:00 am

Today, more than a third of IT budgets are consumed by applications with half of that dedicated to maintaining legacy systems which, in so many cases, don’t align with current business needs.    As a result, executives are turning to Application Portfolio Management (APM) to rationalize their operational costs, modernize their applications and better align with business priorities and needs.   In a webinar now available on-demand, UMT360’s Ben Chamberlain demonstrates how UMT360’s APM is helping businesses get more business value from their application portfolios.

He will show how UMT360 helps you:
  • build an application inventory and maintain key metrics
  • derive total cost of ownership of each application
  • identify redundancies across the portfolio
  • use TIME analysis techniques to rationalize the portfolio
  • capture lifecycle decisions in powerful transformation roadmaps

Click here to view the complimentary webinar on Application Portfolio Management and for more information about UMT360, contact us today.

Application Portfolio Management Webinar Now Available On-Demand

Written by Ben Chamberlain on February 13th, 2014 at 11:59 am

Mike Gruia, UMT360

With pressure to do more with less, IT leaders are turning to Application Portfolio Management (APM) to help them rationalize the operational costs so they can allocate more funds toward innovation.  APM is also helping them modernize their portfolios so they have the agility needed to successfully meet changing business demands.

Recently, UMT360 CEO Mike Gruia discussed in an APM webinar, 3 Breakthrough Models being used by APM Top Performers.  Mike stressed the importance of finding more effective ways to manage applications which currently consume a major portion of an organization’s IT budget.   Top performers are able to apply the three models to make smarter investment decisions.

  1. Portfolio Integration – explore relationships that exist between the business and IT portfolios
  2. Financial Intelligence – understand the cost of operations and change
  3. Roadmap Synchronization – record and communicate decisions across an application’s lifecycle

Webinar Poll Results:  When asked about the most important APM success attributes, 63% of webinar attendees said integration tops their list.   55% of attendees said APM concepts will benefit them most in strategy and rationalization with 28% saying their benefit will be primarily in cost reduction.

Learn more about how to get started implementing Application Portfolio Management.  Click here to view Mike’s presentation on-demand.

Ushering in 2014 & Your Application Spend

Written by Mike Gruia on January 6th, 2014 at 8:29 pm

As we ring in 2014, IT spending is on its way up.  Gartner is forecasting a 3.1% increase in worldwide IT spending this year taking it to an estimated $3.8 trillion.  Also on the rise, the amount of software budgets dedicated to applications.  In a Gartner enterprise IT spending study last year, respondents indicated the largest portion of their software budgets, 36%, is focused on enterprise application software; 33% of the budget goes to infrastructure software; and 31% to vertical industry-specific applications. The increase in funds dedicated to enterprise application software is necessary largely due to organizations working with outdated application systems.  In most mature markets, those systems are more than a decade old and replacement of the antiquated technology is critical to remaining competitive.

This is a good time to review your own 2014 application spend asking yourself whether your budget as currently written will be able to help you achieve your business goals and new business needs among the ever changing market conditions.  As well, how will the move to the cloud impact your spending?  Gartner reported last year that only 38% of organizations they surveyed were using cloud services, yet 80% of respondents indicated they would be using cloud services over the next year so certainly the cloud will have a strong impact on spending in 2014.

Here are some recommendations and thoughts we share with our own customers as they step into Q1 – subjects we’ll be discussing more throughout 2014:

  1. Shining a light – Prepare an IT strategic road map and ensure it’s aligned to business strategy.
  2. Time to get started – Develop a APM approach to rationalize or modernize your application portfolio.
  3. Product revolution – Use the more agile product-focused thinking when examining your IT spend.
  4. Tracing spend – Prevent the failure to control the life cycle cost liabilities of your portfolio.
  5. Playing responsible – Assess the ability of existing APM, PPM and Financial Governance mechanisms to effectively support your strategic direction and change.
  6. There is only one portfolio – Integrate APM and PPM decisions to create and sustain competitive advantage.
  7. Where are the benefits? – Business benefits and their tie to business engagement will be increasingly important this year.