Introducing Lean Portfolio Management Flashcards
What are the core principles of Lean Thinking?
- Precisely specify value by product
- Identify the Value stream for each product
- Make value flow without interruptions
- Let the Customer pull value from the producer
- Pursue perfection
What do we consider when evaluating economic tradeoffs? (SAFe Principle #1)
Lead Time
Product Cost
Value
Development Expense
Risk
How do you make value flow without interruptions? (SAFe Principle #6)
- Visualize and limit WIP
- address bottlenecks
- minimize hand offs and dependencies
- get faster feedback
- work in smaller batches
- reduce queue length
- optimize time ‘in the zone’
- remediate legacy practices and policies
What is a SAFe portfolio?
A collection of Development Value Streams
Which three groups connect the portfolio to enterprise strategy and establish portfolio flow?
Enterprise Executives
Business Onwers
Enterprise Architects
What do Enterprise Executives, Business Owners, and Enterprise Architects collaborate to do?
Connect the portfolio to the Enterprise strategy
Establish portfolio flow
What’s true about strategic themes?
Could be any of these answers:
- a collaboration between LPM and the larger Enterprise
- drive the future state of a portfolio
- connect the portfolio to the Enterprise strategy
- provide context for the Portfolio Vision and Lean budgeting
What group of people have the most influence over strategic themes?
Business owners
What is the purpose of TOWS?
Identify strategic options
What’s important to consider when developing a roadmap?
Clarity/specificity diminishes over time
What’s the benefit of having a portfolio roadmap?
Communicates the larger picture to the enterprise stakeholders
What influences roadmaps?
Market Rhythms
Market Milestones
Market Events
The epic hypothesis statement contains which four fields?
The value statement
Business outcomes hypothesis
Leading indicators
Nonfunctional requirements (NFRs)
What are four types of pivots?
Customer Segment Pivot
Customer Need Pivot
Value Capture Pivot
Zoom-in Pivot/Feature Pivot
What is achieved with budget guardrails?
Budget,spending, governance guardrails
What’s the purpose of the Strategic Portfolio Review?
- focused on achieving and advancing the portfolio vision
- provides continuous strategy, implementation, and budget alignment
- typically held on a quarterly cadence, at least one month before the next PI Planning
What is the purpose of the Portfolio Sync?
- focused on portfolio operations
- provides visibility into how well the portfolio is progressing towards meeting its objectives
- typically held weekly, every other week, or monthly, depending on the maturity of the portfolio
What is the purpose of Participatory Budgeting?
- focused on establishing and adjusting lean budgets
- provides a forum for stakeholders to decide how to invest the portfolio budget across Solutions and Epics
- typically held every two PIs
Why are value stream budgets adjusted over time?
To take advantage of emerging opportunities
What’s the output of participatory budgeting?
New or adjusted value stream budgets
What are the key benefits to organizing around value?
Enables long-lived, stable teams
Enables faster learning and shorter time-to-market
Contributes to higher quality and more productivity
Supports leaner budgeting mechanisms
