Lean Portfolio Management-Why Lean Portfolio Management_ _

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#Lean #Portfolio #Management #LPM #ScaledAgile #SAFe

#LeanPortfolioManagement The #LeanPortfolioManagement competency aligns #strategy and execution by applying #Lean and systems thinking approaches to #strategy and #investmentfunding, #Agileportfoliooperations, and governance.

It is one of the #sevencorecompetencies of the #LeanEnterprise, each of which is essential to achieving #BusinessAgility. Each #corecompetency is supported by a #specificassessment, which enables the #enterprise to assess their proficiency. These #corecompetencyassessments, along with recommended #improvement opportunities, are available from the #MeasureandGrow article.

#LeanPortfolioManagement describes how a #SAFeportfolio is a collection of #ValueStreams for a #specificbusiness domain in an #Enterprise. Each #valuestream delivers one or more #Solutions that help the #enterprise meet its #businessstrategy. These #valuestreams develop #products or #solutions for external #customers or create #solutions for internal operational #valuestreams.

One #SAFeportfolio can typically govern the entire #solution set for a small-to-medium-size #organization. #Largeenterprises often require multiple #portfolios, usually for each line of #business, #business unit, or division.

Why #LeanPortfolioManagement? Traditional approaches to #portfoliomanagement were not designed for a #globaleconomy or the impact of #digital disruption. These factors put pressure on #enterprises to work under a higher degree of uncertainty and deliver innovative #solutions much faster. Despite this new reality, many legacy #portfoliopractices remain.

#PortfolioManagement approaches must be modernized to support the #LeanAgile way of working. Fortunately, many #enterprises have already travelled this path, and the change patterns are apparent, The #LPMfunction has the highest level of decision-making and financial accountability for the #solutions and #valuestreams in a #SAFeportfolio to address the challenge of defining, communicating, and aligning #strategy.

The people who fulfil the #LPMfunction have various titles and roles and are often distributed throughout the #organization’s hierarchy. Because #LPM is critical to the #LeanEnterprise, these responsibilities are commonly held by #businessmanagers and #executives who understand the #enterprise’s financial, technical, and #business contexts. They are accountable for the overall #business outcomes.

The three dimensions of the #LeanPortfolioManagementcompetency, followed by a brief description of each:

1. #Strategy & #InvestmentFunding ensures the entire #portfolio is aligned and funded to create and maintain the #solutions needed to meet #businesstargets.

2. #AgilePortfolioOperations coordinates and supports decentralized program execution and fosters operational excellence.

3. #LeanGovernance is the #oversight and decision-making of spending, audit and compliance, forecasting expenses, and measurement.

This video utilizes some parts of information from the #scaledagile #website, for more details please visit http://www.scaledagileframework.com

#Aleph Technologies specializes in providing hands-on classroom-based and onsite IT #certificationtraining courses taught by expert instructors with practical industry experience. Classes span focuses on Business Analysis, Health Insurance & Systems Domain, IT Project Management, and IT Services with emphasis on #Certified #SCRUMMaster, #ScaledAgile #Certifications in Dallas and leadership roles in #Agiledevelopment. Since 2000, over 3000-course participants from more than 100 organizations across the globe have enhanced their skills through intensive, applicable exercises and education.

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