Application professionals are turning to Application Portfolio Management (APM) to address these challenges” (Murphy, 2011). The application portfolio management concept involves the development and implementation of three related capabilities. The first of these capabilities is the articulation of a strategy that includes objectives, deliverables, and a set of governance procedures to help guide application portfolio management. The second capability is creating an application inventory to successfully monitor and evaluate key attributes of your organization's existing applications. The final capability involves building an analysis and reporting structure in order to rationalize the application portfolio according to the defined strategic plan