What is the primary function of portfolio governance in APM?

The primary function of portfolio governance in Application Portfolio Management (APM) is to control decisions regarding application investments. This involves establishing a framework that ensures that application decisions align with the organization's strategic objectives, financial constraints, and technological landscape. Effective governance provides the guidelines for prioritizing applications, managing risks, and ensuring that resources are allocated efficiently.

Through governance, stakeholders can make informed decisions about which applications to retain, enhance, or retire based on performance metrics, business value, and overall application health. This oversight ensures that investments are justified and that the organization's application portfolio remains aligned with its broader business goals, ultimately leading to better management of resources and improved outcomes.