Lean Portfolio Management Flashcards
What are the characteristics of Lean Portfolio Management
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
Who hold the Lean Portfolio Management responsibilities
Business manager and executives who understand the enterprise’s financial, technical, and business contexts
What are the dimensions of Lean Portfolio Management
Strategy & Investment Funding
Agile Portfolio Operations
Lean Governance
Strategy & Investment Funding ensures …
the entire portfolio is aligned and funded to create and maintain the solutions needed to meet business targets
Agile Portfolio Operations …
coordinates and supports decentralized program execution and fosters operation excellence
Lean Governance is …
The oversight and decision-making of spending, audi and compliance, forecasting expenses and measurement
Who is involved in Strategy and Investment funding?
Executives, Business owners, portfolio stakeholders, technologists, enterprise architects.
The strategy and investment fundind do:
Connect the portfolio to the Enterprise Strategy
Maintain a portfolio vision and roadmap
Establish Lean Budgets and guardrails
Establish portfolio flow
What is the goal of the portfolio vision?
It offers a mean of defining the current state and envisionning and communicating the future
What is the goal of the portfolio canvas?
It establishes the strategy and vision and serves as a charter for a SAFe portfolio
What is Enterprise Architecture?
It is the process of translating the business vision and strategy into effective technology plans
What does the portfolio roadmap communicate?
It communicates the longer-term picture. It may span multiple years.
What is the impact of long-term commitment?
It decreases the agility of the organization
What do Lean Budgets provide`?
Funding for value streams aligned with the business strategy and current strategic themes
What do Guardrails support?
It supports Lean Budgets by providing governance and spending policies and practices.
What is portfolio flow
It describes the process of managing portfolio epics through their lifecycle.
What does LPM use Portfolio Kanban for?
To visualize and limit work in process (WIP), reduce batch sizes, and control the length of longer-term development queues.
What are the Agile portfolio operations collaboration and responsibilities?
Coordinate value streams
Support program execution
Foster operational excellence
What are responsibilities of Lean Governance
Forecast and budget dynamically
Measure portfolio performance
Coordinate continuous compliance
What is participatory budgeting
A way to collaboratively iterative way to determine which epics should be chosen next for implementation
How often are value stream budgets adjusted
Typically twice a year
Which practices constitute “Forecast and budget dynamically”
Agile Estimating and Forecasting
Participatory Budgeting
What is Agile Estimating and Forecasting?
A way to rapidly estimate the delivery of large initiatives by using agile techniques
What does Agile Estimating and Forecasting require?
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
Why a portfolio should measure its performance?
To assure
Strategy implementation
Spending aligns with the agreed boundaries
Results are continuously improving
What are the benefits a portfolio should optimize
Employee engagement Customer satisfaction Productivity Relentless improvement Time-to-market Quality Partner Health Alignment
What does Lean Portfolio Management align?
It aligns strategy and execution by applying Lean and systems thinking approaches to strategy and investment funding, Agile Portfolio operations and governance.
What are the Lean Budget Guardrails?
Guiding investments by horizon
Applying capacity allocation to optimize value and solution integrity
Approving significant initiatives
Continuous Business Owner engagement
