Which activities are typically conducted during an Application Portfolio Assessment initiative?

An Application Portfolio Assessment initiative typically involves:

Support businesses with reliable information on IT costs and investments: Providing accurate data on IT costs helps in making informed decisions regarding investments and budgeting.

Identify risks and vulnerabilities stemming from end-of-life application service lifecycles: Recognizing applications that are reaching end-of-life allows organizations to mitigate risks associated with unsupported software.

Document past, present, and future applications deployed or planned to be deployed inside an organization: Keeping a comprehensive record of applications helps in understanding the IT landscape and planning future strategies.

References:

LeanIX Application Portfolio Management

SAP Community on Application Portfolio Assessment