Which of the following is a key component of an application portfolio management framework?

A key component of an application portfolio management framework is the application inventory. This serves as a comprehensive record that lists all the applications an organization uses, including relevant details such as their purpose, usage, technical architecture, and performance metrics. The application inventory is essential for gaining insight into the organization's entire application landscape, enabling management to analyze, prioritize, and make informed decisions regarding application investments, retirements, and improvements.

Having a well-maintained application inventory allows organizations to manage their applications more effectively, facilitating better resource allocation, cost analysis, and alignment with business goals. Through this structured approach, organizations can identify redundancies, streamline processes, and ensure that applications meet current and future needs.