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Application Portfolio Management and 10 Key Questions for Success

The concept of Application Portfolio Management first came into existence during the 1990s but it’s benefits came into surface in the early 2000s. Organizations worldwide began their preparations as they started discovering that a large number of applications used by them would soon be redundant as well as expensive to maintain as they would hardly […]

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IT Architecture and Lifecycle Cost Management

IT architecture can be defined as a process where a designer creates a set of systems or individual phases. Several factors are considered when IT architecture is being planned and developed including the functions of the system, how they are linked to other IT systems, business processed involved in creating the system as well as […]

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Better Understanding of Interplay between IT Applications

Managing an IT application portfolio for your business is an essential step in maintaining business processes, and ensuring efficiency and quality. However, before you begin working on the management aspect of the portfolio, it is important to understand exactly how IT applications interact with databases and operating systems. As an established business, you may already […]

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Utilizing IT Portfolio as a Common Language between Stakeholders

When it comes to incorporating IT portfolio management and communication with stakeholders, the term success can mean many things. Most managers and executives are looking for easy ways to manage active projects as well as their current progress. While many businesses make attempts to integrate and govern IT portfolio models, they are met with failure […]

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How to Understand the Potential and Life Cycle of Existing IT Applications

If your business is handling multiple IT applications, it is important to find the best practices for optimum planning and management. Regardless of the development model you choose for your business’ IT applications, there are six stages or phases that help you organize and execute applications. At each phase, you are required to determine the […]

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IT Portfolio Management to Support Annual IT Budgeting

Annual budgeting for IT portfolio management is often mismanaged for one reason – lack of knowledge. In many organizations, IT departments do not understand budgeting while the finance and budgeting team does not understand the requirements of the IT department. This problem can be remedied by changing the budgeting approach and adopting a meaningful management […]

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How to Turn Your IT Strategy into an IT Portfolio

Before you learn how to use IT application strategies to create your portfolio, it is important to form the right strategies. Today, many organizations build IT application strategies on a premise that is more often than not, flawed. Where to begin strategizing The premise of using single and integrated portfolios for IT applications is not […]

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Application Portfolio: an IT Management Tool in the City of Oulu

Thanks to an effortless implementation project, Thinking Portfolio provided instantaneous benefits. The City of Oulu is using both the Thinking Portfolio project portfolio and application portfolio. The decision to procure both tools was made simultaneously, and both portfolios were implemented within two months.  The project portfolio was implemented in November 2012 with the application portfolio […]

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Comprehensive Lifecycle Management for IT Applications

Application lifecycle management is an essential IT system that allows you to simplify software development. When IT processes and applications are automated, you can introduce infrastructure to record and manage change requests in a seamless and organized manner. With comprehensive lifecycle management for IT applications, your business can ensure that all IT-related tasks like projects, […]

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