Lesson 5: Lean Portfolio Management - https://www.scaledagileframework.com/lean-portfolio-management/ Flashcards
competency that aligns strategy and execution by applying Lean and systems thinking approaches to strategy and investment function, Agile portfolio operations, and governance.
Lean Portfolio Management
The three dimensions of the Lean Portfolio Management competency
1.) [Lean] Governance
2.) Agile [Portfolio] Operations
3.) Strategy & Investment Funding <-Mgmt
ensures the entire portfolio is aligned and funded to create and maintain the solutions needed to meet business targets
Strategy and Investment Funding
Coordinates and supports decentralized program execution and fosters operational excellence
Agile Portfolio Operations
the oversight and decision-making of spending, audit and compliance, forecasting expenses, and measurement
Lean Governance
The five responsibilities of Strategy and Investment Funding collaboration
1.) Connect the Portfolio to Enterprise Strategy
2.) Maintain a Portfolio Vision
3.) Realize Portfolio Vision through Epics
4.) Establish Lean Budgets and Guardrails
5.) Establish Portfolio Flow
a description of the future state of a portfolio’s Value Streams and Solutions and describes how they will cooperate to achieve the portfolio’s objectives and the broader aim of the Enterprise
Portfolio Vision
the process of translating the business vision and strategy into effective technology plans
Enterprise Architecture
integrates aspects of the lower-level roadmaps into a more comprehensive view, communicating the larger picture to enterprise and portfolio stakeholders
Portfolio Roadmap
a set of funding and governance practices that increase development throughput while maintaining financial and fitness-for-use governance.
Lean Budgets and Guardrails
The three Agile Portfolio Operations collaborations and responsibilities
1.) Support Program Execution [Ag collaboration]
2.) Coordinate Value Streams [Pf responsibility]
3.) Foster Operational Excellence [Operations]
defines how to manage dependencies to exploit the opportunities that exist only in the interconnections between value streams
Coordinate Value Streams
or Value Stream Coordination
a process that focuses on continually improving efficiency, practices, and results to optimize business performance.
Operational Excellence
The three Lean Governance collaborations and responsibilities
1.) Coordinate Continuous Compliance [governance]
2.) Forecast and Budget Dynamically [collaboration]
3.) Measure Portfolio Performance [responsibility]
The three significant events of Lean Portfolio Management (LPM)
1.) Strategic [Portfolio] Review
2.) [Portfolio] Sync
3.) Participatory Budgeting [Lean Mgmt]
