what is the primary focus of lean portfolio management?Blog

what is the primary focus of lean portfolio management?

If adjusted less frequently, spending is fixed for too long, limiting agility. Lean portfolio management (LPM) is the process of managing a program and product portfolios by applying the concept of lean thinking. The objectives of Lean Portfolio Management are to: Maximize the throughput of value - Actively manage the backlog of investments to find the highest-value opportunities, and actively manage WIP across groups of teams(team-of-teams) to speed the delivery of value into the marketplace #safe-agile. Their responsibilities are described in the following sections.As described earlier, SAFe provides a Lean approach to budgeting—a lightweight, more fluid, Agile process that replaces the fixed, long-range budget cycles, financial commitments, and fixed-scope expectations of a traditional planning process.

with Certified SAFe® Lean Portfolio Manager.

The participatory budgeting session can be held during the strategic portfolio review or can be conducted as a specialized meeting.Nominally, value stream budgets can be adjusted twice annually using participatory budgeting.
LPM uses the Successfully establishing flow requires knowing the total capacity available for new development work versus ongoing maintenance and support activities. It also empowers teams, optimizes interactions, and allaround builds stronger integrity within the business. To continue with this analogy, here are some tips for a lean home renovation:Lean Portfolio Management brings time-tested lean principles to the teams and leaders that are best positioned to drive organizational change.
Lean governance closes the loop by measuring portfolio performance and supporting dynamic adjustments to budgets to maximize value.Collectively, these competencies work together to create superior economic outcomes. We just don’t have a good business discipline for converging on issues this abstract.”The Lean Portfolio Management competency aligns strategy and execution by applying Lean and systems thinking approaches to strategy and investment funding, Agile portfolio operations, and governance. But few organizations achieve the desired results. A new, transformative approach to working requires a transformation in leadership as well. In this expanded role, they usually:The APMO also supports management and People Operations (Human Resources) in Agile hiring and staff development.Lean Governance manages spending, audit and compliance, forecasting expenses, and measurement.The Lean governance collaboration and responsibilities (Figure 7) require the active engagement of the Agile PMO/LACE, Business Owners, and Enterprise Architects. The pace of change has prompted enterprises to heavily invest in digital and agile transformations, where the benefits of agile teams are scaled and multiplied across the enterprise. Lean management principles aims to create a stable workflow based on actual customer’s demand. The portfolio is connected to the enterprise business strategy by While strategic themes, the portfolio vision, and the current and future state portfolio canvases guide the portfolio, vision and strategy development is not a once-and-done exercise. #safe-agile. They may include recommendations for technology stacks, value stream level interoperability, APIs, hosting, and methods for designing and testing cyber-physical systems.The best way to predict the future state of the portfolio is to create it through a purposeful and flexible roadmap. Rachaelle Lynn, a Certified SAFe Agilist, is a marketing manager and subject matter expert at Planview, a market-leading provider of project portfolio management, lean and agile delivery, project management, and innovation management software. Combining LPM with agile development practices offers a path to improving business agility.The objectives of Lean Portfolio Management are to:LPM differs from traditional project portfolio management in a number of ways, including:While traditional Project Portfolio Management (PPM) focuses on creating a set of tightly structured project plans and building short-lived teams to execute those plans, LPM focuses on:Portfolio management leadership teams connect an organization’s strategy to its execution. (See The Portfolio Sync is an LPM event designed to gain visibility into how well the portfolio is progressing toward meeting its strategic objectives. Fortunately, many enterprises have already traveled this path, and the change patterns are apparent, as also shown in Figure 1. #agile-vs-scrum. What best describes the next step for the Epic? Combining LPM with agile development practices offers a path to improving business agility. Lean Portfolio Management is applying lean thinking to managing enterprise, program and product portfolios to provide a fast and flexible flow of high-value work. The Lean principles of continuous improvement, respect for people, and a relentless focus on delivering customer value are making teams and organizations rethink the practices that might have guided them for decades. It may also sponsor and support CoPs for RTEs (and Solution Train Engineers), as well as Scrum Masters. Lean Portfolio Management Aligning strategy with execution. Want to learn more? Align Lean-Agile development with business strategy Related questions 0 votes. #agile-vs-scrum +1 vote.

The APMO also establishes objective metrics and reporting toward business agility. By our videos' end, you'll have learned the primary focus of lean portfolio management, its benefits, and how you can introduce it into … That subjects the enterprise to the risk of late discovery and subsequent rework, and even compromising regulatory or legal exposure.

Epic Owners, Enterprise Architects, and Business Owners support the portfolio Kanban system. Quarterly Capacity & Demand planning is about balancing demand (outcomes and Epics) with available team capacity, planning in quarterly increments (or less), creating a ‘pull’ system and making this process highly visible and collaborative. Typical topics include reviewing value stream, Epic, and program execution, addressing cross-product dependencies and escalating/removing impediments. What is the primary focus of Lean Portfolio Management?

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