When used correctly with the support of senior leaders within the organization, Lean-Agile approach can result in significant improvement in Time-To-Market, Quality, Productivity and Engagement, which can be seen in the figure below. Lean Portfolio Management which is based on Lean-Agile approach is fundamentally different as it requires you to organize people around value and then execute work by long-lived Agile teams and team of teams. In today's global economy where digital disruption is a norm, traditional approaches to portfolio management simply do not allow you to compete. Successful adoption of SAFe Lean Portfolio Management (LPM), requires commitment from organizational leaders. It does so by leveraging Lean and Systems Thinking approaches. Think of LPM as nervous system of an organization that allows organizations to connect strategy with execution. LPM is also one of the seven core competencies for organizations aiming to achieve Business Agility. Let's look at more details on what is LPM, why consider it and how to get started with it in your organization? What is Lean Portfolio Management?Īs per Scaled Agile Framework, Lean Portfolio Management (LPM) is a function with the highest level of decision-making authority and accountability for achieving overall better business outcomes. Scaled Agile Framework® (SAFe®) Lean Portfolio Management (LPM) includes very well defined steps, processes, and guidelines for you to adopt LPM function. Getting started with Lean Portfolio Management can be a challenging undertaking for portfolio leaders in any organization.
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