A framework that is designed for the organization to effectively manage and control its IT software application and other software dependent service is known as Application Portfolio Management. The process of effective management of such tools involves identifying the organization application inventory, quantifying the application performance state, realizing the redundant application and eliminating them. This type of presentation is helpful for IT managers of organization with an objective to improve their application inventory and its performance by carefully analyzing all the softwares and applications within the organization. Initially this presentation understands the need of implementation of application portfolio management within the organization. These reasons can be duplicate applications, High cost of application management, poor performance of certain applications and to automate multiple process within the organization. After understanding the organizations key pain points of the organization multiple applications available with the organization are identified and segmentation is done with respect to their user and technology type. Once the applications are identified, their current performance state is quantified. This is achieved by comparing applications on various metrices and by comparing application cost. Once quantified the redundant applications are then removed from the system and the cost of replacing these applications is determined. After the entire process of identifying and eliminating the application is concluded, multiple strategies are determined to optimize the performance of the remaining applications. In the end the performance of these application is measured with the help of multiple KPIs or Key performance Indicators on a dashboard. https://bit.ly/2VDJLMM