Exam (elaborations) SAFe Agile Lean Portfolio Manager

Three essential collaborations of LPM - ANSWER 1. Strategy and investment funding 2. Agile portfolio operations 3. Lean governance 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)