Prioritizing Strategies: Cost, Risk & Value

Objective

After completing this lesson, you will be able to prioritize applications for rationalization using cost, risk, and value criteria.

Content

Key Takeaways

  • Balance cost, risk, and value – Use LeanIX to assess systems based on End-of-Life data, business criticality, and total cost of ownership (TCO).
  • Prioritize migration for critical but outdated applications – Identify essential applications with technical weaknesses and flag them for migration.
  • Invest in high-value platforms – Expand systems that deliver competitive advantages, even at higher costs.
  • Eliminate redundancy – Remove duplicate or low-value applications to streamline the portfolio.
  • Tolerate niche applications strategically – Keep small, non-critical tools temporarily until resources allow for further action.
  • Align decisions with business strategy – Move beyond cost-cutting to build a lean, resilient, and future-ready IT portfolio.