Final answer:
APM helps organizations make informed decisions about their applications, balancing factors such as cost, performance, and alignment with business goals.
Step-by-step explanation:
APM stands for Application Portfolio Management. It is a process or framework used by organizations to evaluate their applications and make decisions about whether to invest in, sustain, or replace them. The decision is based on various factors such as the application's cost, performance, maintenance requirements, and alignment with business goals.
For example, let's say a company has multiple applications in its portfolio. Through APM, the company can assess each application's value, potential risks, and future prospects. Based on this analysis, they can decide whether to invest more resources in enhancing the application, continue maintaining it as is, or replace it with a more efficient and cost-effective solution.
In summary, APM helps organizations make informed decisions about their applications, balancing factors such as cost, performance, and alignment with business goals.