An application is defined as an environment that consists of a set of deployed (installed) software that is executable on hardware supporting business function(s) and is managed as a unit.

Important information maintained about an application includes:

• Design and functional information
• Software information
• Database Information
• Descriptive / identifying information
• Datacenter / geographical information
• Disaster recovery information
• Collaboration information
• Support roles / responsibilities and Contact information.        
• PCI Compliance information
• HIPAA Compliance information
• SOX Compliance information

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