6.0 Lean Portfolio Management (Dec 2024)

6.0 Lean Portfolio Management
1. LPM provides three essential collaborations to realize
responsibilities: 1) Strategy and Investments
2) Agile Portfolio Operations
3) Lean Governance
2. Lean Thinking: 1) Precisely specify value by product
2) Identify the Value Stream for each product
3) Make value flow without interruptions
4) Let the Customer pull value from the producer
5) Pursue perfection
3. True or False: LPM is part of the 8 Core Competencies of
Business Agility-
: False: LPM is part of the 7 Core Competencies of Business
Agility
4. Agile Values: -individuals and interactions over process and
tools
-working software over comprehensive documentation
-customer collaboration over contract negotiation
-responding to change over following a plan
5. What are the 5 Lean Agile Principles critical to LPM: 1) Take
an Economic
View
5) Base milestones on objective evaluation of working systems

, 6) Make value flow without interruptions
9) Decentralize decision-making
10) Organize around value
6. Take an Economic View: º Deliver early and often º Operate
within Lean Budgets
and Guardrails
º Understand economic trade-offs for Solutions
º Leverage Suppliers
º Sequence jobs (Epics) for maximum benefit
º Empower local decision-making
7. Base milestones on objective evaluation of working
systems: Base mile- stones on objective evaluation of working
systems
º Build the system in increments, each of which is an integration
point that demonstrates evidence of the
Solution feasibility
º Milestones based on