When business uncertainties are frequent and compliance with regulations is mandatory, it can be a challenge to keep information technology (IT) synchronized with strategy for maximum business value—while reducing IT cost. An IT portfolio management framework, coupled with an IT governance framework, can provide visibility into projects and IT assets, keeping them aligned to business objectives at all times.
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closely coordinating with the business processes to deliver value to the business, plays a crucial role in attaining business agility. Most of the key business processes are supported by one or more application. Key business drivers such as increased revenue, enhanced management and operational efficiency are directly dependent on the application portfolio. To optimize this application portfolio, CIOs should look towards implementing an Application Portfolio Management (APM) framework, which keeps the