SAFe Portfolio Flashcards
What does it mean to connect the portfolio to the enterprise strategy?
The portfolio strategy should support the enterprise’s broader business objectives.
What is the primary responsibility of the Strategy and Investment funding collaboration?
To make sure that the Portfolio Strategy and Enterprise Strategy support each other through Strategic Themes and the Portfolio budget.
What is the Portfolio Vision?
It describes the future state of the value streams and solutions being produced. The gap between the current and future state is what LPM translates into a vision.
What does portfolio alignment require?
Gaining portfolio alignment requires people to work toward a shared goal and purpose beyond any individual, team, ART, or value stream.
What does the portfolio roadmap do?
Integrates lower-level roadmaps into a comprehensive view.
How do you maintain the portfolio vision through epics?
Use Business and Enabler epics to capture high-level functionality. Understand epics’ forecasted costs and have a high-level view of when the potential new value can be delivered.
Why should we establish lean budgets and guardrails?
Because they offer funding and governance practices that improve development throughput while maintaining financial and fitness-for-use governance.
Lean budgeting….
…reduces the need for traditional project-based funding and cost accounting reducing friction, delays, and overhead.
How do you establish portfolio flow?
Limiting the number of significant and typically cross-cutting initiatives in progress to match the portfolio’s capacity. Use LPM Portfolio Kanban to visualize and limit the work in progress, work in smaller batches, and reduce the length of development queues.
What is a LACE?
Lean Agile Center of Excellence
What function is accountable for establishing value streams and fostering operational excellence?
Lean Portfolio Management
What is the difference between the PMO and the VMO?
The VMO manages the events at the portfolio level. Works with the LACE, facilitates lean budgeting, offers guidance for OKRs and KPIs
What provides oversight of spending, audit, security, compliance, measurement, and reporting?
Lean Governance
What are the duties of the VMO?
1) Forecast and budget dynamically
2) Measure portfolio performance
3) Coordinate continuous compliance
Participatory Budgeting
