APM #3: Application Portfolio Management (APM) CIS Exam ServiceNow | 100% Correct Solutions

Problem: There is no single repository of applications. Applications are tracked in multiple spreadsheets. What is a solution? - Solution: APM is a single centralized system stores the applications inventory and all related data. Problem: There is no single definition of an application. For example - is SAP an application? What is a solution? - Solution: APM provides an unambiguous definition of a business application. Problem: The business value provided by an application is too subjective. What is a solution? - Solution: APM arrives at the business value created by an application using data points (objective assessment). Problem: There are too many business apps in the enterprise. What is a solution? - Solution: APM uses the objective assessments to rationalize your application portfolio. Decide which applications to retire, replace, or invest in. Problem: There is pressure to cut down the IT applications budgets. What is a solution? - Solution: In APM you can create programs to track your application rationalization efforts