1. A framework suitable for use in transition of one or more applications of an organization, the one or more applications being transitioned from a first set of users to a second set of users, the framework comprising: a. a transition module configured for generating one or more transition plans for the one or more applications, the one or more transition plans being generated based on information corresponding to the one or more applications, the one or more transition plans comprising one or more transition activities; b. a knowledge capture module configured for: i. capturing a plurality of knowledge elements corresponding to the one or more applications and the one or more transition activities, wherein the plurality of knowledge elements are captured using (1) one or more knowledge capturing tools and (2) one or more predefined knowledge reference components, and wherein the plurality of knowledge elements comprise a set of source code, a use case, and an incident resolution; and ii. associating each of the plurality of knowledge elements corresponding to an application being transitioned with one or more other knowledge elements corresponding to the same application, wherein the associations enable identification or search of knowledge elements corresponding to said application; c. a knowledge validation module configured for: i. securing from the second set of users responses to queries regarding the captured knowledge elements and the associations between the plurality of knowledge elements; and ii. enabling the first set of users to evaluate the responses received from the second set of users for assessing and validating the knowledge of the second set of users regarding the plurality of knowledge elements and the association between the plurality of knowledge elements, wherein the validation is performed based on a predefined set of rules; and d. a collaboration module configured for providing collaboration between the first set of users and the second set of users, wherein the collaboration enables communication between the first set of users and the second set of users during the transition of the one or more applications.
1. A framework suitable for use in transition of one or more applications of an organization, the one or more applications being transitioned from a first set of users to a second set of users, the framework comprising: a. a transition module configured for generating one or more transition plans for the one or more applications, the one or more transition plans being generated based on information corresponding to the one or more applications, the one or more transition plans comprising one or more transition activities; b. a knowledge capture module configured for: i. capturing a plurality of knowledge elements corresponding to the one or more applications and the one or more transition activities, wherein the plurality of knowledge elements are captured using (1) one or more knowledge capturing tools and (2) one or more predefined knowledge reference components, and wherein the plurality of knowledge elements comprise a set of source code, a use case, and an incident resolution; and ii. associating each of the plurality of knowledge elements corresponding to an application being transitioned with one or more other knowledge elements corresponding to the same application, wherein the associations enable identification or search of knowledge elements corresponding to said application; c. a knowledge validation module configured for: i. securing from the second set of users responses to queries regarding the captured knowledge elements and the associations between the plurality of knowledge elements; and ii. enabling the first set of users to evaluate the responses received from the second set of users for assessing and validating the knowledge of the second set of users regarding the plurality of knowledge elements and the association between the plurality of knowledge elements, wherein the validation is performed based on a predefined set of rules; and d. a collaboration module configured for providing collaboration between the first set of users and the second set of users, wherein the collaboration enables communication between the first set of users and the second set of users during the transition of the one or more applications. 5. The framework of claim 1 , wherein the transition module comprises a financial scenario module configured for determining and analyzing cost of the transition of the one or more applications.