Why is stakeholder engagement important in APM?

Stakeholder engagement is crucial in Application Portfolio Management (APM) because it ensures that the needs and requirements of all parties involved are accurately captured and addressed. Engaging stakeholders allows for a comprehensive understanding of their perspectives, which is essential for aligning application strategies with business goals. By involving stakeholders, APM practitioners can gather valuable insights regarding functionality, usability, and integration of applications within the business environment. This comprehensive input helps in making informed decisions about application investments, optimizations, and potential retirements, leading to a more effective and relevant application portfolio. This alignment ultimately enhances the likelihood of successful implementation and user adoption, supporting the overall success of the organization’s objectives.