SAFe Lean Portfolio Management (LPM) || All Answers Are
Verified.
Why Lean Portfolio Management? correct answers * The LPM function governs each SAFe
portfolio
* It provides three essential collaborations to realize its responsibilities:
(1) Strategy and investment funding
(2) Agile portfolio operations
(3) Lean governance
What does the LPM competency do? correct answers * Aligns strategy with execution
* Ensures system thinking approaches to strategy and investment funding, Agile portfolio
operations, and governance.
What are the four areas within Value and Leadership of the SAFe House of Lean correct answers
* Respect for people and culture
* Flow
* Innovation
* Relentless improvement
The Agile Manifesto values the following: correct answers * Individuals and interactions
* Working soft-ware
* Customer collaboration
* Relentless improvement
Top 5 Agile Principles to LPM correct answers (1) Take an economic view
(5) Base milestones on objective evaluation of working systems
(6) Visualize and limit WIP, reduce batch sizes, and manage queue lengths
(9) Decentralize decision-making
(1) Organize around value
Principle #1: Take an economic view correct answers * Deliver 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
Principle #5: Base milestones on objective evaluation of working systems correct answers
Program Increment (PI) System Demos are orchestrated to deliver objective progress, product,
and process Metrics.
* Build the system in increments, each which is an integration point that demonstrates evidence
of the solution feasiblity.
* Milestones based on objective evaluation of working systems.
, Principle #6: Visualize and limit WIP correct answers Three keys to implementing continuous
flow of value:
* Visualize and limit the amount of WIP to match demand to actual capacity
* Reduce the batch sizes of work. Smaller batches go through the system faster and with lower
variability.
* Manage queue lengths to decrease delays, reduce waste, and improve predictability of
outcomes.
Principle #9: Decentralize Decision Making correct answers * Centralize strategic decisions,
those that are infrequent, long lasting, and have significant economies of scale. Decentralize all
others.
* Provide clarity on organizational objectives and provide opportunities to exercise and cultivate
decision-making abilities.
* Openly discuss how to move authority for decisions closer to where the work is performed.
* Establish a decision-making framework that equips knowledge workers with the information to
make good decisions.
* Apply lean budget guardrails to create alignment for decentralized decisions with the
appropriate controls.
Project cost-center budgets create the following: correct answers * Overhead
* Friction
* Lower velocity
* Result is: slow, complex budgeting leading to utilization-based planning and execution, low
program throughput, and moves the people to the work.
Project overruns cause: correct answers * re-budgeting
* increased cost of delay (CoD)
Development Value Streams are realized by ARTs correct answers * ARTs build, support, and
maintain solutions within a development value stream
* ARTs contain all the people needed to define, deliver, and operate the solution.
True of False, Lean Budgets are affected by feature overruns or changing priorities correct
answers False due to fixed cost per PI
What are the two value streams in SAFe? correct answers (1) Operational Value Streams -
deliver a product or service to a customer
(2) Development Value Streams - sequence of activities needed to convert a business hypothesis
into a tech-enabled solution that delivers customer value.
Key benefits to organizing around value correct answers * Enables long-lived, stable teams
* Enables faster learning and shorter time-to-market
* Contributes to higher quality and more productivity
* Supports leaner budgeting mechanisms
Verified.
Why Lean Portfolio Management? correct answers * The LPM function governs each SAFe
portfolio
* It provides three essential collaborations to realize its responsibilities:
(1) Strategy and investment funding
(2) Agile portfolio operations
(3) Lean governance
What does the LPM competency do? correct answers * Aligns strategy with execution
* Ensures system thinking approaches to strategy and investment funding, Agile portfolio
operations, and governance.
What are the four areas within Value and Leadership of the SAFe House of Lean correct answers
* Respect for people and culture
* Flow
* Innovation
* Relentless improvement
The Agile Manifesto values the following: correct answers * Individuals and interactions
* Working soft-ware
* Customer collaboration
* Relentless improvement
Top 5 Agile Principles to LPM correct answers (1) Take an economic view
(5) Base milestones on objective evaluation of working systems
(6) Visualize and limit WIP, reduce batch sizes, and manage queue lengths
(9) Decentralize decision-making
(1) Organize around value
Principle #1: Take an economic view correct answers * Deliver 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
Principle #5: Base milestones on objective evaluation of working systems correct answers
Program Increment (PI) System Demos are orchestrated to deliver objective progress, product,
and process Metrics.
* Build the system in increments, each which is an integration point that demonstrates evidence
of the solution feasiblity.
* Milestones based on objective evaluation of working systems.
, Principle #6: Visualize and limit WIP correct answers Three keys to implementing continuous
flow of value:
* Visualize and limit the amount of WIP to match demand to actual capacity
* Reduce the batch sizes of work. Smaller batches go through the system faster and with lower
variability.
* Manage queue lengths to decrease delays, reduce waste, and improve predictability of
outcomes.
Principle #9: Decentralize Decision Making correct answers * Centralize strategic decisions,
those that are infrequent, long lasting, and have significant economies of scale. Decentralize all
others.
* Provide clarity on organizational objectives and provide opportunities to exercise and cultivate
decision-making abilities.
* Openly discuss how to move authority for decisions closer to where the work is performed.
* Establish a decision-making framework that equips knowledge workers with the information to
make good decisions.
* Apply lean budget guardrails to create alignment for decentralized decisions with the
appropriate controls.
Project cost-center budgets create the following: correct answers * Overhead
* Friction
* Lower velocity
* Result is: slow, complex budgeting leading to utilization-based planning and execution, low
program throughput, and moves the people to the work.
Project overruns cause: correct answers * re-budgeting
* increased cost of delay (CoD)
Development Value Streams are realized by ARTs correct answers * ARTs build, support, and
maintain solutions within a development value stream
* ARTs contain all the people needed to define, deliver, and operate the solution.
True of False, Lean Budgets are affected by feature overruns or changing priorities correct
answers False due to fixed cost per PI
What are the two value streams in SAFe? correct answers (1) Operational Value Streams -
deliver a product or service to a customer
(2) Development Value Streams - sequence of activities needed to convert a business hypothesis
into a tech-enabled solution that delivers customer value.
Key benefits to organizing around value correct answers * Enables long-lived, stable teams
* Enables faster learning and shorter time-to-market
* Contributes to higher quality and more productivity
* Supports leaner budgeting mechanisms
