Final answer:
ServiceNow's Application Portfolio Management (APM) framework guides teams in designing APM architecture by aligning IT investments with business strategies and managing the application lifecycle.
Step-by-step explanation:
ServiceNow's Application Portfolio Management (APM) framework is the guiding principle that the project team should use to design the APM architecture. It provides a comprehensive approach for managing and optimizing an organization's application portfolio, to align IT investments to business strategies. By using the APM framework, teams can assess the value of applications, manage the application lifecycle, and make informed decisions on application rationalization, modernization, or retirement.