Executives and other business stakeholders need objective, actionable data to maximize the business value of their organization's application portfolio. Project and Portfolio Management (PPM) combined with Application Lifecycle Management (ALM) deliver what's been missing: application lifecycle data integrated with business metrics for better portfolio decisions. With the combined power of these two frameworks, stakeholders and decision-makers gain a comprehensive and up-to-date view of application costs and benefits, enabling them to manage the organization's application portfolio like a business—for the benefit of the business.