SAFe LPM - December 2021

Question 1

Two competencies aligned to work in 3 areas.

Answer 1

Aligned: Strategy and execution.
Systems thinking:
1) Funding. Strategy and investment funding.
2) Ops. Agile portfolio operations.
3) Governance. Budgets, compliance, key indicators.

Question 2

What is a SAFe portfolio?

Answer 2

Value Streams.

A SAFe portfolio is a collection of Value Streams for a specific business domain.

Question 3

True or False?

Large enterprises have multiple portfolios?

Answer 3

True

Question 4

What are the 3 corners of the LPM triangle?

Answer 4

FOG.
Funding, Ops, Governance.
1)  Strategic and Investment Funding.
2)  Agile Portfolio Operations.
3)  Lean Governance (oversight of spending, audit, compliance, forecasting expenses, and management).

Question 5

What is SAFe’s Lean Portfolio Management?

Your elevator speech.

Answer 5

Enterprises have portfolios that have large “value streams” that deliver solutions.
It takes both Strategy and Execution for effective LPM.
Effective LPM coordinates Funding, Ops, and Governance for the Enterprise to successfully deliver business value to the enterprise through its portfolio value streams.

Question 6

What are the 3 dimensions of LPM competency?

Answer 6

FOG.

Question 7

Funding players. Who are the persons for the Funding or Strategy & Investment funding triangle?

Answer 7

Enterprise executives, business owners, and the enterprise architect.

Question 8

Ops players. Who are the persons for the Agile Ops triangle?

Answer 8

APMO (or Lace for smaller companies), RTEs, and SM C o Ps.

Question 9

Governance players. Who are the persons for the Governance triangle?

Answer 9

APMO, Enterprise architect, Business Owners.

Question 10

What is LACE and where does it live?

Answer 10

Lean Agile Center for Excellence and it lives within the APMO (Agile Program Management Office).

Question 11

The 3 dimensions of LPM perform how many functions? Associate the numbers with “FOG”.

Answer 11

FOG, 533

Question 12

Hard. Strategy and Investment FUNDING has 5 major tasks. What are they?
* It may help to realize that all 5 tasks relate to a SAFe Portfolio.

Answer 12

1) Strategy. Connect Portfolio to Enterprise strategy
2) Vision. Maintain a Portfolio Vision.
3) Epics. Realize Portfolio vision through Epics.
4) BG. Establish Budgets and Guardrails.
5) Flow. Establish Portfolio Flow.

Question 13

What are the three tasks of Agile Portfolio OPERATIONS?

Answer 13

1) Value. Coordinate Value Streams.
2) Execution. Support Program Execution.
3) Excellence. Foster Operational Excellence.

Question 14

What lives within the APMO (Agile Portfolio Management Office)?

Answer 14

LACE

Lean Agile Center for Excellence

Question 15

Surprisingly, where does participatory budgeting live in terms of the LPM triangle?

Answer 15

G. Lean Governance.

Question 16

Governance, a dimension of LPM and its triangle, has 3 major tasks. What are they?

Answer 16

1) Forecast and Budget dynamically.
2) Measure portfolio performance.
3) Coordinate continuous compliance.

Question 17

What are the 3 major scheduled events of LPM (Lean Portfolio Management)?

Answer 17

PSP

1) Participatory Budgeting 2 times a year.
2) Strategic Portfolio Review, quarterly.
3) Portfolio Synch, monthly.