Great article on creating an application portfolio management. Which applications are worth the investment versus those that might not be.
TIME (Tolerate, Invest, Migrate, and Eliminate) analysis has proven to be useful tool for structuring the sorting of applications in a company’s portfolio. After all the applications are divided into four categories, a deeper analysis of the application portfolio can be performed.
Tolerate – applications that are creating enough business value and have manageable costs but should be maintained for various reasons.
Invest – ideally we need to strive to place all existing portfolio of application under this category. These are the most lucrative and investment-worthy applications that bring enough revenue and help streamline operations.
Migrate – applications that need modernization and no are no longer worth the investment.
Eliminate – this category consists of applications that have low business value and even high risks. Therefore, they are of no real value to the organization and need to be eliminated.