From Portfolio Management to Portfolio Optimization Application Portfolio Management in the SOA Era

Application portfolio management (APM) in today's service oriented architecture (SOA) enabled world is becoming increasingly difficult. A traditional APM approach does not address the need to manage not only the business applications but all the SOA related assets (i.e., services, components, applications and underlying infrastructure). Improper portfolio management during and after SOA implementation could undermine business benefits and hinder institutionalization. The service and value excellence application portfolio management (SAVE APM) approach addresses all these deficiencies. Similar in nature to a traditional APM, it applies a patented, leading edge application balanced scorecard optimizer (ABSCO) ldquofuzzy logicrdquo algorithm together with ldquoMonte Carlordquo simulation to actively manage and optimize the portfolio of all the SOA related assets. This approach is also highly applicable to traditional, non-SOA environments and portfolios, including IT portfolio management.