BLOG: What to do with your legacy SharePoint/PI WebParts?

Many companies will have a PI WebPart implementation based on older versions of Microsoft SharePoint.
So what to do with it now that this is a retired product?
BLOG: Alarms without action are a liability

Like most well-managed operations, this lack of drama is down to a considerable amount of work behind the scenes.
What are the steps to effective alarm management? How is it achieved?