MANAGEMENT (DEC 2023)
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TEST QUESTIONS AND
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CORRECT VERIFIED
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ANSWERS 100% GUARANTEED
PASS A+ GRADED
YC
D
U
ST
, LPM provides three essential collaborations to realize responsibilities - ANS 1)
Strategy and Investments
2) Agile Portfolio Operations
3) Lean Governance
Lean Thinking - ANS 1) Precisely specify value by product
2) Identify the Value Stream for each product
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3) Make value flow without interruptions
4) Let the Customer pull value from the producer
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5) Pursue perfection
True or False: LPM is part of the 8 Core Competencies of Business Agility - ANS
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False: LPM is part of the 7 Core Competencies of Business Agility
Agile Values - ANS -individuals and interactions over process and tools
-working software over comprehensive documentation
-customer collaboration over contract negotiation
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-responding to change over following a plan
What are the 5 Lean Agile Principles critical to LPM - ANS 1) Take an Economic View
5) Base milestones on objective evaluation of working systems
6) Make value flow without interruptions
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9) Decentralize decision-making
10) Organize around value
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Take an Economic View - ANS ► Deliver early and often
► Operate within Lean Budgets
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and Guardrails
► Understand economic trade-offs
for Solutions
► Leverage Suppliers
► Sequence jobs (Epics) for
maximum benefit
► Empower local decision-making
Base milestones on objective evaluation of working systems - ANS Base milestones
on objective evaluation of working systems
► Build the system in