In the age of the digital economy, when business agility and quick delivery are required to compete effectively, having a rigid and costly application portfolio can become truly detrimental to the business.
Business Relevance
Evaluate and score each application based on business relevance.
The next step involves evaluating and scoring each application based on business and technology relevance. It's then relatively easy to plot the scores on a 2x2 chart (low to high business value or technology relevance) organized into categories, such as maintain, invest, retire or enhance. This process serves as a way to conduct a value analysis and to visually organize the applications to help in the assessment and decision-making process.