LPM Lesson 4 - Establishing Investment Funding Flashcards
Lean Budget Guardrails LPM Events Overview Strategic Portfolio Review & Sync Participatory Budgeting
True/False - There is a single set of budget guardrails for the Enterprise?
False. Each Portfolio establishes a set of budget guardrais.
What are the 4 lean budget guardrails?
- Guiding investments by horizon
- Apply capacity allocation
- Approve significant initiatives
- Continuous Business Owner engagement
True/False - LPM should apply equal funding for each investment horizon?
False. LPM identifies the % of the portfolio budget to be invested to each horizon.
What are the 3 components (types of work) to Portfolio Capacity Allocation?
- New Features
- Enablers
- Tech debt/maintenance
What are the 5 qualities a Business Owner should posses?
- Responsible for Business Outcomes
- Steer the ART
- Speak to technical competence
- Speak for the customer and business
- Approve PI plans
What 3 things does a Business Owner do?
- Provide input for backlog refinement
- Ensure alignment with business objectives
- Prepare business context (milestones & significant dependencies)
True/False - a Business Owner is only active during PI planning sessions?
False. They stay continually engaged with activities such as Solution Demos and contribute to release-on-demand strategy.
What are the 3 LPM events?
- Strategic Portfolio Review
- Portfolio Sync
- Participatory Budgeting
What is the recommended cadence for Strategic Portfolio Review?
Quarterly
What is the recommended cadence for Portfolio Sync?
Monthly
What is the recommended cadence for Participatory Budgeting?
Bi-Annual
What are the 3 components to the Strategic Portfolio Review?
- Focused on achieve and advancing Portfolio Vision
- Provides continuous strategy, implementation and budget alignment
- Held quarterly at least 1 month before the next PI Planning
What are the 3 components to the Portfolio Sync?
- Focused on Portfolio Operations
- Provide visibility into how well the Portfolio is progressing towards meeting its objectives
- Held monthly and may be replaced with Strat. Portfolio Review
What are the 3 components to 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
- Held every 2 PIs
Which meeting is used to maintain Portfolio Vision?
Strategic Portfolio Review