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ScaledAgile 5.0 > Lean Portfolio Management > Flashcards

Lean Portfolio Management Flashcards

1
Q

What are the characteristics of Lean Portfolio Management

A

People organized value streams/ARTS and continuous value flow
Fund value streams, Lean budgets and guardrails
Value stream budgets adjusted dynamically; participatory budgeting
Strategic demand managed by portfolio Kanban; decentralized work intake by value Streams and ARTs
Lean business cases with MVP, business outcome hypothesis, agile forecasting and estimating
Products and services managed by self-managing ARTs; objective measures and milestones based on working soutions

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2
Q

Who hold the Lean Portfolio Management responsibilities

A

Business manager and executives who understand the enterprise’s financial, technical, and business contexts

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3
Q

What are the dimensions of Lean Portfolio Management

A

Strategy & Investment Funding
Agile Portfolio Operations
Lean Governance

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4
Q

Strategy & Investment Funding ensures …

A

the entire portfolio is aligned and funded to create and maintain the solutions needed to meet business targets

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5
Q

Agile Portfolio Operations …

A

coordinates and supports decentralized program execution and fosters operation excellence

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6
Q

Lean Governance is …

A

The oversight and decision-making of spending, audi and compliance, forecasting expenses and measurement

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7
Q

Who is involved in Strategy and Investment funding?

A

Executives, Business owners, portfolio stakeholders, technologists, enterprise architects.

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8
Q

The strategy and investment fundind do:

A

Connect the portfolio to the Enterprise Strategy
Maintain a portfolio vision and roadmap
Establish Lean Budgets and guardrails
Establish portfolio flow

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9
Q

What is the goal of the portfolio vision?

A

It offers a mean of defining the current state and envisionning and communicating the future

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10
Q

What is the goal of the portfolio canvas?

A

It establishes the strategy and vision and serves as a charter for a SAFe portfolio

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11
Q

What is Enterprise Architecture?

A

It is the process of translating the business vision and strategy into effective technology plans

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12
Q

What does the portfolio roadmap communicate?

A

It communicates the longer-term picture. It may span multiple years.

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13
Q

What is the impact of long-term commitment?

A

It decreases the agility of the organization

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14
Q

What do Lean Budgets provide`?

A

Funding for value streams aligned with the business strategy and current strategic themes

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15
Q

What do Guardrails support?

A

It supports Lean Budgets by providing governance and spending policies and practices.

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16
Q

What is portfolio flow

A

It describes the process of managing portfolio epics through their lifecycle.

17
Q

What does LPM use Portfolio Kanban for?

A

To visualize and limit work in process (WIP), reduce batch sizes, and control the length of longer-term development queues.

18
Q

What are the Agile portfolio operations collaboration and responsibilities?

A

Coordinate value streams
Support program execution
Foster operational excellence

19
Q

What are responsibilities of Lean Governance

A

Forecast and budget dynamically
Measure portfolio performance
Coordinate continuous compliance

20
Q

What is participatory budgeting

A

A way to collaboratively iterative way to determine which epics should be chosen next for implementation

21
Q

How often are value stream budgets adjusted

A

Typically twice a year

22
Q

Which practices constitute “Forecast and budget dynamically”

A

Agile Estimating and Forecasting

Participatory Budgeting

23
Q

What is Agile Estimating and Forecasting?

A

A way to rapidly estimate the delivery of large initiatives by using agile techniques

24
Q

What does Agile Estimating and Forecasting require?

A

The understanding of
An epic’s forecasted siez in story points
The historical velocity of the ART
The percentage of capacity that each ART can dedicated to work on the epic in the next PIs

25
Q

Why a portfolio should measure its performance?

A

To assure
Strategy implementation
Spending aligns with the agreed boundaries
Results are continuously improving

26
Q

What are the benefits a portfolio should optimize

A 
Employee engagement
Customer satisfaction
Productivity
Relentless improvement
Time-to-market
Quality
Partner Health
Alignment
27
Q

What does Lean Portfolio Management align?

A

It aligns strategy and execution by applying Lean and systems thinking approaches to strategy and investment funding, Agile Portfolio operations and governance.

28
Q

What are the Lean Budget Guardrails?

A

Guiding investments by horizon
Applying capacity allocation to optimize value and solution integrity
Approving significant initiatives
Continuous Business Owner engagement

ScaledAgile 5.0 (8 decks)

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