HP Project and Portfolio Management powers application transformation

I recently shared a short update about some exciting sessions planned for this year at HP Discover. Today, you may have noticed that we’re talking about the importance of rationalizing, simplifying and aligning your portfolio of applications.  In many organizations, applications grow and evolve overtime, adding to costs and making it harder and harder to effectively support them all. The need for IT to be more nimble, agile and responsive is creating significant pressure on the application portfolio to become lean and nimble as well. This is why we’ve been working on how rationalizing and transforming your application portfolio can have a major impact on the value of the services you deliver.  

You may not have realized, but Project and Portfolio Management (PPM) plays a vital role in the application transformation journey.   The obvious part of how PPM fits in the story is managing the complex programs and projects that are needed to successfully implement the application transformation.  The “Portfolio” part of PPM is also important—being able to evaluate multiple proposed projects, determine alignment and make the best business decisions about which proposals to fund. 

But, it’s not that simple.  The first step of an application transformation effort starts with assessing the current state of the application portfolio.  Actionable information about the current portfolio is critical.  Based on current state, you will be able to identify which applications deliver the greatest value, present the greatest risk and are the most costly. You also need to understand how these applications relate to each other, as they rarely operate in a vacuum, but are often linked together sharing data and processes.

HP Application Portfolio Management (APM) is a new capability that is built on top of the PPM platform.  APM leverages the powerful collaboration elements of PPM to gather and manage the vital information needed to make sound business decisions about managing and optimizing the application portfolio.   APM also APM Screenshot 2.pngincludes a new application to business process relationship visualization capability that helps to highlight how the various applications are related each other and to the associated business process.    But it doesn’t stop there.   APM fully leverages PPM’s portfolio management and visualization tools to help facilitate sound and timely business decisions about how to plan the application transformation journey.

 APM Screenshot 1.png

Initially, APM will be a SaaS offering exclusively through HP Enterprise Service’s Application Rationalization engagements.  As the APM product matures and evolves, there will be more options about how to access and leverage APM.  Stay tuned here and see us at HP Discover where we’ll have more updates about how this capability.

If you’re interested in HP PPM, you can follow us at the HP PPM Blog  or even follow us @HPPPM on Twitter.

Article source: HP PPM Blog

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