Application Portfolio Rationalization Software
UMT360’s Application Portfolio Rationalization Software makes it easy to assess and streamline your software environment to improve effectiveness and efficiency, reduce risks and create a foundation for future evolution.
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6 Steps To Mastering Application Portfolio Rationalization.
Application Portfolio Rationalization not just a one-and-done process. The value delivered extends well beyond typical metrics like TCO. Attend this webinar to discover how Application Portfolio Rationalization impacts your specific role, and what’s needed from you to ensure success.
Key Features
Application Portfolio Rationalization is a critical component for driving business agility, delivering optimal strategic portfolio management and optimizing difference-making business approaches to help you more effectively:
Determine Your Desired Outcomes
Quickly and easily determine the outcomes you’re interested in achieving, including reducing technical debt, modernizing applications, preparing for Information Governance, migrating to the Cloud, consolidating Data Centers, and more.
- Typically, some combination of Outcomes, some weighted more heavily than others
- Determine success measures, what proportion of each Measure must be achieved to be considered “successful”
- Outcomes will drive patterns, that will in turn determine the questions to be asked of the survey population
- In the example shown, Cloud Migration and closing Data Centers are of primary importance, followed by Overall Cost Reduction, then Information Governance and Technical Debt Reduction. Application Modernization will be a likely side-effect but not a primary driver
Gather Inventories
Consolidate and streamline the standardized capture of inventories across a wide variety of dimensions.
- Inventories can come from many sources:
- Existing Repositories
- Configuration Management Databases
- Spreadsheets
- Finance Catalogs
- They can all be easily imported into 360 Enterprise Connect, and then cross-referenced and validated
Model the Business
The imported content forms the foundation for rationalization, and allows us to build the visual anchors for many relevant viewpoints including:
- Business Capability (“What” the business does)
- Value Streams and Processes (“How” the business works and can be improved)
- Information Landscapes (“The Stuff” of the Business, what is important)
- Organizational Landscapes (“Who” is involved, and how Value flows across the organization)
- Technology Reference Models (The supporting Technologies that are the foundation for your IT Department)
Distribute Surveys
360 Enterprise Connect has a unique and powerful fully-integrated Survey Tool, which allows you to:
- Quickly and easily build surveys to collect the information you need
- Distribute the surveys to all relevant Stakeholders, including external Partners and Suppliers
- Collect the results, resolve conflicts and capture the findings back into the Insight Repository
- Track metrics such as completion ratios, time-to-complete, etc.
- Gather Application Intake through easy-to-use forms that do not require users to have direct access to 360 Enterprise Connect
Analyze Findings
As the survey results start to come in, they can immediately add value in a number of areas:
- Sentiment Analysis can show you the types of responses you are receiving, and if necessary, the questions can be revisited to ensure appropriate coverage
- Heat Maps can be automatically generated using a variety of base models such as Business Capabilities, Information Landscapes, Value Streams, Organizational Views and Technical Reference Models
- Application Value Charts (“TIME Charts”) can show the relative disposition of the Applications in one or many Portfolios
- The Criteria for all these Charts and Models can be adjusted on-the-fly to support rich analysis and to compare scenarios to support discovery of
- Functional Redundancy
- Strategic Fit
- Application Business and Technical Health
Plan & Execute Strategy
Once sufficient responses have been returned, the Chart and Models from the previous step can be used to develop:
- Business Cases
- Programs and Projects
- Migration Strategies
- Business Capability Maturity Plans
- Etc.
All of which can be integrated into our 360 Portfolio Insights solution for seamless Strategy-to-Execution delivery
Standardize and Repeat
Not just a one-off, this approach can form a powerful foundation for evergreening
- Surveys can be refined and reused periodically
- The future state models become current state, and can then be used as the basis for future iterations
- While cloud migration or data center consolidation may be one-time events, many of the other dimensions such as Cost Reduction, Technology Modernization and Process Improvement will continue to add value each time they are undertaken
See 360 Enterprise Connect Software in Action
Watch a recorded session 360 Enterprise Connect software demonstration to see the solution in action. And if you’d like an even richer experience, request your own customized demo or Free Trial.
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Quick & Easy Integrations
UMT360 strategic portfolio management solutions tightly integrate with a wide variety of work management ERP, and other critical systems within your enterprise.
Get the strategic project portfolio management capabilities you need, quickly and easily
Every UMT360 Accelerator is designed to be implemented quickly with a minimum amount of consulting or configuration. Leveraging best practices garnered from years of successful client engagements, these powerful Accelerators provide precisely the capabilities you need, without weeks or months of configuration.
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Part of UMT360’s comprehensive strategic portfolio management platform
Need a specific Portfolio Management Accelerator right now? Let’s get started! Each one delivers powerful stand-alone capabilities that you can have up and running in just a few days. And since they all complement each other, it’s easy to add additional capabilities – in any order you’d like – whenever you’re ready. Best of all, each is part of UMT360’s comprehensive Strategic Portfolio Management Platform. Which means that with every Accelerator you add, you’re that much closer to having all the capabilities you need to align all investments with strategy and ultimately accelerate digital transformation.
The Importance of a Comprehensive Application Portfolio Rationalization Software Solution
Strategic Portfolio Management can help organizations assess and streamline your software environment to improve effectiveness and efficiency, reduce risks and create a foundation for future evolution.
If you’ve never rationalized your portfolio, or if you don’t know when it was last done, then you need to conduct the exercise now. It will support everything else you do and help ensure you are investing your strategic dollars where they are driving the most value. To understand more on this topic, check out our application portfolio rationalization guide.
Ready to Unleash Your Business Agility?
Business agility is impossible without strategic portfolio management, and strategic portfolio management is what UMT360 does. In fact, we wrote the eBook on it. And it’s something we can help you deliver – with culture, focus, process, education and yes, a little bit of integrated software. So, let’s get started!