Therefore, it is crucial to invest in developing a strong metrics capability. The portfolio connects to the enterprise business strategy through Strategic Themesand the portfolio budget. Principle #6- Make value flow without interruptions, 2. Each has the ability to allocate funding, translate enterprise strategy into a local context, and govern execution and spending. There are many ways to do this and one of which is lean portfolio management. When organizations define goals in terms of targeted business outcomes, they are more likely to move the needle on their key performance indicators (KPIs). The following sections describe these dimensions. Lean Portfolio Management (LPM) describes how senior leadership applies lean principles to connect strategy to execution. By now, substantial business benefits are growing daily. and We also use third-party cookies that help us analyze and understand how you use this website. The Portfolio Flow article describes why each of the eight flow accelerators in Principle #6 is important to flow at the portfolio level and provides specific practical how to recommendations for implementing each accelerator. Flow and cycle time. For more information, see the advanced topic article and whitepaper:Achieving Regulatory and Industry Standards Compliance with SAFe. In order for lean portfolio management to be effective, it must be implemented throughout an organization. Once this purpose is met, the portfolio is fixed afterward. To this end, Lean-Agile leaders understand their value streams challenges and opportunities. Begin by coming up with themes that reflect your strategic priorities by defining your strategies, turning them into investments and assigning goals to them. These should align with the vision of the portfolio. We just dont have a good business discipline for converging on issues this abstract. Scaled Agile Framework and SAFe are registered trademarks of Scaled Agile, Inc. Implementation - Enhance the Portfolio - Scaled Agile Framework Gartner Terms of Use The LACE and CoPs provide a forum for sharing effective Agile ART execution, flow practices, and other knowledge. Lean Budget Guardrails describe the policies and practices for budgeting, spending, and governance for a specific portfolio. The resulting data is used to finalize adjustments to the value stream budgets. When establishing metrics, what might an organisation focus on from a portfolio perspective that closely aligns with SAFe principle.
