Set up application classification attributes Set up certain classification attributes for Application Portfolio Management before you can use the application for administration. It is important to classify applications into groups and categories as it helps the business enterprise to be organized, keep track of the applications, and be able to compare them. It helps in establishing a relationship to each other and identify the redundancies in applications. Application category groupsApplication category groups are a collection of categories of applications. You can create an application category group or modify an existing category group to align it with your business requirements.Add application categoriesCategorize the applications used in your organization based on the purpose and function, to assist you in decisions related to application rationalization or consolidation. You can customize the default list of application categories for any specific business needs.Add application familiesAn application family is a set of related applications grouped based on a common attribute.Add business process or capabilitiesA business process is a method of related tasks performed to accomplish a specific goal. The business capabilities of a business application can be modeled as a business process.Add portfoliosA portfolio is a collection of related projects and demands. Create a portfolio to measure the progress of several projects and also create reports on these projects for analysis, which helps in managing your applications for a cost-effective business benefit.Add idea actionsIdea actions are strategic decisions that you want to perform on an application. Application Portfolio Management provides out-of-the box idea actions that help you enhance the capability of the applications. You can add new idea actions as per your requirements.