A business application is defined as the collection of software services and hardware used to automate a specific business task or function. Business Application is an abstract concept that is named by the organization and referenced by that name to facilitate management from both a financial and utilization perspective. Typically a business application will automate entire business processes such as finance, customer relationship management or manufacturing to accelerate business. An application can traverse multiple tiers of the technology services such as application instances, web instances, database instances and servers. Each application consists of software components ‘running’ on hardware. These software and hardware components are those items in the environment that can be uniquely identified and monitored.