LEAN PORTFOLIO MANAGEMENT LPM
QUESTIONS AND ANSWERS 2026 FULL
PRACTICE EXAM WITH VERIFIED SOLUTIONS
◉ Epics. Answer: the container for work to achieve portfolio level
initiatives and are implemented by ARTs and SAFe Lean Startup
cycle
- explore possibilities (divergent thinking for current state portfolio
canvas)
- make decision (convergent thinking to future state portfolio
canvas)
- identify epics
◉ Decompose epics into. Answer: Program or Solution epics to
facilitate incremental implementation or split directly into features
◉ All Epics require. Answer: a lean business case and the definition
of MVP, regardless of where they were created.
◉ Local epics need. Answer: visibility and approval by LPM - they
were created by the ARTs or Solution trains
- above portfolio threshold - need review and approval through the
Portfolio Kanban system
,- below the threshold - managed through the Program and Solution
Kanban systems
◉ Epic Owners. Answer: Responsible for coordinating portfolio
epics through the Portfolio Kanban system. They define the Epic, its
Minimum Viable Product and lean business case, and when
approved, facilitate implementation.
◉ Business Epic Owners. Answer: Product management, Solution
Mgmt., Business Owners
◉ Enabler Epic Owners. Answer: System Arch/Eng, Solution
Arch/Eng, Enterprise Architect
◉ Epic owners collaboratively define. Answer: define the Epic, its
Minimum Viable Product and lean business case, and when
approved, facilitate implementation.
◉ Epic Owners collaborate with. Answer: Business Owners, Product
& Solution Mgmt; System Arch / Engs and Agile Teams
◉ Epic Hypothesis statement. Answer: Describes epics with 4 major
fields:
- value statement
,- Business outcomes hypothesis
- leading indicators
- NFRs
◉ Epic Value statement. Answer: describes the epic in general terms
- the "for-who-the..." portion
◉ Epic business outcomes hypothesis. Answer: states the
quantitative or qualitative benefits that the business can anticipate if
the hypothesis is proven to be correct
◉ Epic leading indicators. Answer: describes the early measures that
will help predict the business outcomes
◉ Epic NFRs. Answer: identify any nonfunctional requirements
associated with the epic
◉ Epics are analyzed and approved using. Answer: The Lean
Business Case
◉ Lean Business case - Analysis state activities. Answer: - identify
and review solution alternatives
- definition of MVP
- cost estimates for the MV and anticipated scope of the entire Epic
, - presentation of the Lean business case for a go/no go decision by
LPM
◉ Epic MVP. Answer: an early version of a new product, service or
solution that requires minimum investment necessary to validate
the Epic hypothesis;
smallest portion of an Epic need to validate the hypothesis.
establish a baseline to test assumptions and gather objective data.
◉ Epic MVPs enable. Answer: faster learning, less risk, better
decisions, and improved time to market.
◉ Epic estimates include. Answer: both internal and external costs;
if epic requires collaboration with external suppliers
◉ Epic cost estimates are based on. Answer: T-shirt sizes - which
simplify estimating in the early stages, establish a cost range for
each t-shirt size, gaps in ranges reflect uncertainty
◉ Epic cost estimate Tshirt ranges. Answer: - Each portfolio must
determine the relevant cost range
small, medium, large, x-L, XXL
QUESTIONS AND ANSWERS 2026 FULL
PRACTICE EXAM WITH VERIFIED SOLUTIONS
◉ Epics. Answer: the container for work to achieve portfolio level
initiatives and are implemented by ARTs and SAFe Lean Startup
cycle
- explore possibilities (divergent thinking for current state portfolio
canvas)
- make decision (convergent thinking to future state portfolio
canvas)
- identify epics
◉ Decompose epics into. Answer: Program or Solution epics to
facilitate incremental implementation or split directly into features
◉ All Epics require. Answer: a lean business case and the definition
of MVP, regardless of where they were created.
◉ Local epics need. Answer: visibility and approval by LPM - they
were created by the ARTs or Solution trains
- above portfolio threshold - need review and approval through the
Portfolio Kanban system
,- below the threshold - managed through the Program and Solution
Kanban systems
◉ Epic Owners. Answer: Responsible for coordinating portfolio
epics through the Portfolio Kanban system. They define the Epic, its
Minimum Viable Product and lean business case, and when
approved, facilitate implementation.
◉ Business Epic Owners. Answer: Product management, Solution
Mgmt., Business Owners
◉ Enabler Epic Owners. Answer: System Arch/Eng, Solution
Arch/Eng, Enterprise Architect
◉ Epic owners collaboratively define. Answer: define the Epic, its
Minimum Viable Product and lean business case, and when
approved, facilitate implementation.
◉ Epic Owners collaborate with. Answer: Business Owners, Product
& Solution Mgmt; System Arch / Engs and Agile Teams
◉ Epic Hypothesis statement. Answer: Describes epics with 4 major
fields:
- value statement
,- Business outcomes hypothesis
- leading indicators
- NFRs
◉ Epic Value statement. Answer: describes the epic in general terms
- the "for-who-the..." portion
◉ Epic business outcomes hypothesis. Answer: states the
quantitative or qualitative benefits that the business can anticipate if
the hypothesis is proven to be correct
◉ Epic leading indicators. Answer: describes the early measures that
will help predict the business outcomes
◉ Epic NFRs. Answer: identify any nonfunctional requirements
associated with the epic
◉ Epics are analyzed and approved using. Answer: The Lean
Business Case
◉ Lean Business case - Analysis state activities. Answer: - identify
and review solution alternatives
- definition of MVP
- cost estimates for the MV and anticipated scope of the entire Epic
, - presentation of the Lean business case for a go/no go decision by
LPM
◉ Epic MVP. Answer: an early version of a new product, service or
solution that requires minimum investment necessary to validate
the Epic hypothesis;
smallest portion of an Epic need to validate the hypothesis.
establish a baseline to test assumptions and gather objective data.
◉ Epic MVPs enable. Answer: faster learning, less risk, better
decisions, and improved time to market.
◉ Epic estimates include. Answer: both internal and external costs;
if epic requires collaboration with external suppliers
◉ Epic cost estimates are based on. Answer: T-shirt sizes - which
simplify estimating in the early stages, establish a cost range for
each t-shirt size, gaps in ranges reflect uncertainty
◉ Epic cost estimate Tshirt ranges. Answer: - Each portfolio must
determine the relevant cost range
small, medium, large, x-L, XXL
