As Konstantin alludes, your request is not specified clearly enough. In all-caps you write "APPLICATION MONITORING SYSTEM", yet your only use-case is "it lets the it employee enter the name of the application and gives him all the details about it", where "the details are ... " a bunch of fields that don't look to be changing very often, if ever.
If you want to *monitor* the current status of these applications, then you have a reasonable project. Otherwise, your specifications as written lead to text files, or perhaps a small 3-ring binder with descriptions of each application neatly typed (why waste electricity?). So, please expand your question, and we'll try to help. -- http://mail.python.org/mailman/listinfo/python-list