LEAN PORTFOLIO MANAGEMENT LPM
QUESTIONS AND ANSWERS 2026 UPDATED
EXAM PREP QUESTIONS AND ANSWERS
◉ How does the LPM Competency align strategy with execution
Answer: By applying Lean and systems thinking approaches
to strategy and investment funding, Agile portfolio
operations, and governance.
◉ What are the seven core competencies? Answer: Organization
Agility
Lean Portfolio Management
Agile Product Delivery
Team and Technical Agility
Continuous Learning Culture
Enterprise Solution Delivery
Lean-Agile Leadership
◉ What are the two primary aspects of a Lean-Agile Mindset
Answer: Thinking Lean with the SAFE House of Lean
Embracing Agility with the Agile Manifesto
,◉ What are the components of the SAFE House of Lean? Answer:
Respect for people and culture
Flow
Innovation
Relentless Improvement
◉ What are the 4 components of the Agile Manifesto? Answer:
Individuals and interactions over process and tools
Working software over comprehensive documentation
Customer collaboration over contract negotiation
Responding to change over following a plan
◉ Which lean-agile principles apply to the Lean Portfolio
Management? Answer: Take an economic view
Base milestones on objective evaluation of working systems
Visualize and limit WIP, reduce batch sizes and manage queue
lengths
Decentralize decision-making
Organize around value
◉ What are the components of take an economic view? Answer:
Delivery early and often
Operate within Lean Budgets and Guardrails
, Understand economic trade-offs for Solutions
Leverage Suppliers
Sequence Jobs (Epics) for maximum benefit
Empower local decision-making
◉ How do you calculate WSJF? Answer: Cost of Delay divided by the
Job Duration (Job Size)
◉ What are PI System Demos used for? Answer: Deliver objective
progress, product, and process metrics
◉ What are the three keys to implementing flow to visualize and
limit WIP? Answer: Visualize and limit the amount of WIP to match
demand to actual capacity
Reduce the batch sizes of work.
Manage queue lengths to decrease delays, reduce waste, and
improve predictability of outcomes
◉ Which decisions should be centralized? Answer: Infrequent, long
lasting, and have significant economies of scale?
◉ Which decisions should be decentralized? Answer: Frequent,
short term, and closer to where work is performed
QUESTIONS AND ANSWERS 2026 UPDATED
EXAM PREP QUESTIONS AND ANSWERS
◉ How does the LPM Competency align strategy with execution
Answer: By applying Lean and systems thinking approaches
to strategy and investment funding, Agile portfolio
operations, and governance.
◉ What are the seven core competencies? Answer: Organization
Agility
Lean Portfolio Management
Agile Product Delivery
Team and Technical Agility
Continuous Learning Culture
Enterprise Solution Delivery
Lean-Agile Leadership
◉ What are the two primary aspects of a Lean-Agile Mindset
Answer: Thinking Lean with the SAFE House of Lean
Embracing Agility with the Agile Manifesto
,◉ What are the components of the SAFE House of Lean? Answer:
Respect for people and culture
Flow
Innovation
Relentless Improvement
◉ What are the 4 components of the Agile Manifesto? Answer:
Individuals and interactions over process and tools
Working software over comprehensive documentation
Customer collaboration over contract negotiation
Responding to change over following a plan
◉ Which lean-agile principles apply to the Lean Portfolio
Management? Answer: Take an economic view
Base milestones on objective evaluation of working systems
Visualize and limit WIP, reduce batch sizes and manage queue
lengths
Decentralize decision-making
Organize around value
◉ What are the components of take an economic view? Answer:
Delivery early and often
Operate within Lean Budgets and Guardrails
, Understand economic trade-offs for Solutions
Leverage Suppliers
Sequence Jobs (Epics) for maximum benefit
Empower local decision-making
◉ How do you calculate WSJF? Answer: Cost of Delay divided by the
Job Duration (Job Size)
◉ What are PI System Demos used for? Answer: Deliver objective
progress, product, and process metrics
◉ What are the three keys to implementing flow to visualize and
limit WIP? Answer: Visualize and limit the amount of WIP to match
demand to actual capacity
Reduce the batch sizes of work.
Manage queue lengths to decrease delays, reduce waste, and
improve predictability of outcomes
◉ Which decisions should be centralized? Answer: Infrequent, long
lasting, and have significant economies of scale?
◉ Which decisions should be decentralized? Answer: Frequent,
short term, and closer to where work is performed
