Final answer:
Heat Maps and Bubble Charts are configurable dashboards pivotal in Application Portfolio Management, where they help determine the focus areas required for each business application by visual and multi-dimensional analyses.
Step-by-step explanation:
The Heat Maps and Bubble Charts are configurable dashboards that provide a decision-making approach to Application Portfolio Management by identifying which business application requires focus and attention. Heat Maps facilitate quick visual analysis by utilizing a color-coded system that indicates the status of various applications at a glance, with different colors representing different levels of attention needed. Meanwhile, Bubble Charts provide a multi-dimensional view, plotting applications in a way that allows for comparison across various factors, such as cost, value, and risk, aiding in the prioritization process.