Abstract: Systems and methods are provided for retiring an application and any associated data, hardware assets, and software assets. A workflow management system creates and tracks the life cycle of a project for application retirement, data retirement, purge, or performance archiving. The workflow management system evaluates the cost of the project, the availability of resources for the project, and captures information about the application and associated assets. Upon deciding to initiate the project based on the evaluations, the workflow management system captures and tracks implementation of project requirements. The workflow management system further manages retirement of hardware and software assets by cancelling, repurposing, decommissioning, or bypassing the assets.