Lean Portfolio Management Fundamentals Study Guide Exam and Accurate Answers.

Lean Governance dimension of Lean Portfolio Management - Answer Coordinate Value Streams, Establish Lean budgets and guardrails, maintain a portfolio vision, Coordinate continuous compliance Lean-Agile leaders leading by example - Answer By applying empathic design and focusing on Customer Centricity, By acting with honesty, integrity, and transparency, By mastering the seven core competencies of business agility, By shifting from a fixed mindset to a growth mindset Well-written Objective - Answer Gradable, Specific, Inspirational, Understandable Primary reason for change driving transformation - Answer The competition has made this change, Leadership has mandated this change with a specific completion date, Customers are asking for changes to delivery processes, The existing way of working is inadequate to achieve a new solution in time Development Value Stream participants - Answer Everyone that uses systems to do their work, Everyone who builds Solutions, Everyone who is part of the operational Value Stream First SAFe Lean-Agile Principle - Answer Agile economics, Deliver value incrementally, Apply systems thinking, Apply cadence SAFe second operating system enabling Business Agility - Answer By replacing the hierarchy with a network, By creating stability and hierarchy, By optimizing operational value streams, By focusing on customers, products, innovation, and growth Steps when teams have nothing to demonstrate at System Demo - Answer Stop working on any new functionality and fully integrate and test the system; adjust scope based on learnings Issue when organizing around hierarchical functions - Answer It makes communication difficult, It moves the decisions to where the information is Legacy practice slowing move to Lean Portfolio Management - Answer Centralized work intake, Objective milestones, Demand management