What is one component of a guardrail in lean portfolio management quizlet. The dimensions of a specific type of coffee table D.
What is one component of a guardrail in lean portfolio management quizlet. Creates Lean budget and investment guardrails.
What is one component of a guardrail in lean portfolio management quizlet Understand all SAFe concepts and you can crack it like me!; Requires 1 to 3 weeks of preparation depending upon your commitment per day. The first segment of the Lean Portfolio Management (LPM) Overview series has provided insights into why LPM is important to accelerate a successful enterprise digital transformation. Utilize capacity allocation 3. b By mastering the seven core competencies of the Lean Enterprise. Perpetual overload of demand vs. Collection of development values streams 2. Organizational Agility Find step-by-step Accounting solutions and the answer to the textbook question What is used to brainstorm potential Portfolio future states? a. What is part of the role of the Scrum Master. Lean Portfolio Management D. Study with Quizlet and memorize flashcards containing terms like What is Lean Portfolio Management (LPM), Can a large enterprise have multiple portfolios ?, What categories map solutions to time horizons and more. Approve epic initiatives 4. c. quizlette50406269. Aligns strategy & execution by applying Lean- and systems-thinking approaches to strategy and investment funding Agile portfolio operations, and governance. . Allocation of centralized vs decentralized decisions in Enterprise. Portfolio Backlog items Strategic Themes Lean Budget Guardrails Value Stream budgets. sheikhaalm. In turn, this informs the Vision, Roadmap, and Study with Quizlet and memorize flashcards containing terms like How does SAFe describe Customer Centricity?, What are two ways to describe a cross-functional Agile Team?, What is one-way Lean agile leaders lead by example? and more. Midterm 1 Questions. What is one responsibility of Product Management? Developing Story acceptance criteria Prioritizing the Portfolio Backlog Managing the ART Backlog Establishing an architectural Vision for the ART. Quiz yourself with questions and answers for SAFe 6. Overly detailed business cases with speculative ROI Study with Quizlet and memorize flashcards containing terms like What could you type into the command line to learn what an index is?, Look at the description pages for two different companies. 0 Lean Portfolio Management (Dec 2023) Learn with flashcards, Apply Lean Budget Guardrails to create alignment for decentralized decisions with the appropriate controls. To provide Story details from a testing point of view What is one component of a Guardrail in Lean Portfolio Management? A. To provide Story details from a testing point of view - ANS-D. Guardrails in LPM set the boundaries and guidelines for decision-making In Lean Portfolio Management, one component of a Guardrail is: 4) Determining if business needs meet the Portfolio Threshold. learn to identify where you have a fixed mindset 2. Since the portfolio E(R) is a weighted average of its components expected returns, whereas the standard deviation is less than the weighted average of the individual standard deviations, portfolios of less than perfectly correlated assets always A. Lean Portfolio Management (LPM), Purpose of LPM and more. Epic Hypothesis Statement c. 0 - Lean Portfolio Management (LPM) Practice Test, so you can be ready for test day. hello quizlet Study tools Study with Quizlet and memorize flashcards containing terms like Which is not a Lean Portfolio Management (LPM) dimension? Investment and Strategy Funding; Agile Portfolio Operations; Lean Governance; Lean Business Operations, _____ _____ is a template for identifying a specific SAFe portfolio, _____ ____ represents those core businesses that provide the greatest profits Study with Quizlet and memorize flashcards containing terms like What is a responsibility of an Agile program management office (APMO)? Directing the Lean-Agile Center of Excellence (LACE) Centralizing funding for tooling and coaching Defining value stream budgets Fostering Agile contracts and partnerships, What is a good practice for participatory budgeting? Invite the Study with Quizlet and memorize flashcards containing terms like Which is not a Lean Portfolio Management (LPM) collaboration? a. Tracking regulations Writing requirements Visualizing effort, Study with Quizlet and memorize flashcards containing terms like Which statement is a value from the Agile Manifesto?, Which discipline is necessary for a learning organization?, What is an example of traditional mindset for Lean Portfolio Management? and more. Each DVS develops one or more Solutions necessary for the portfolio to accomplish its business mission and vision, operating Lean budgeting is a cost-effective Lean Portfolio Management approach to reduce project-based costs, such as overhead. MANAGEMENT . ; You need to solve 45 questions (multiple choice = 1 answer and multiple select = 2-3 answers) in 90 mins from your laptop without any supervision. Focus on optimizing the entire value stream rather than individual components or departments. Study with Quizlet and memorize flashcards containing terms like Which of the following aspects of the continuous pipeline journey focuses on understanding customer needs?, What is one benefit of organizing around value, and reorganizing when required?, Which of the following statements describes the product owner role? and more. The dimensions of a specific type of coffee table D. Safe v5. SWOT and TOWS help create a portfolio vision that reflects the desired future state of the portfolio. take growth mindset actions that align to the new mindset SAFe is firmly grounded in four bodies of knowledge: Lean, Agile, systems thinking, and DevOps. What is one component of a Guardrail in Lean Portfolio Management? Allocation of centralized vs decentralized decisions in the Enterprise; Determining if business needs meet the Portfolio Threshold; Participatory budgeting forums that lead to Value Stream budget changes; Capacity allocation of the Value Stream compared to process mapping TOWS is an acronym for Threats, Opportunities, Weaknesses, and Strengths. When is it appropriate to have a centralized Lean-Agile Center of Excellence (LACE)? X - When a small- or medium-sized company has a single portfolio When cross business unit collaboration is required When there are core practices that need to be shared When funding is centralized Study with Quizlet and memorize flashcards containing terms like What must management do for a successful Agile transformation?, Lean Portfolio Management. This component focuses on ensuring that the Guardrails in Lean Portfolio Management are designed to provide guidance and boundaries within which portfolio decisions are made, ensuring alignment with strategic One of the key components of LPM is the concept of guardrails, which play a pivotal role in guiding decision-making and ensuring that strategic objectives are met while allowing for flexibility and innovation. Mark it down, asterisk it, circle it, underline it. Upvoting a comment with a selected answer will Lean Portfolio Management. d By using the SAFe Implementation Roadmap to script the way for change Study with Quizlet and memorize flashcards containing terms like SAFe LPM, Lean Portfolio Management (LPM), Purpose of LPM and more. For every PI (8-10 weeks), everyone plans together: - Two days for in-person - Three to lean portfolio management. Alignment must rely on the Enterprise business objectives. It is an open book online exam where you can search Study with Quizlet and memorize flashcards containing terms like Which Continuous Delivery Pipeline event(s) Lean Portfolio Management. Lesson 5: Exploring Lean Portfolio Management. One Study with Quizlet and memorize flashcards containing terms like SAFe Portfolio, Portfolio Canvas, Strategy & Investment Funding and more. —Widely attributed to Rhonda Byrne, Australian author, and TV producer Portfolio Flow. Teacher 81 terms. one of the 7 core competencies of lean enterprise. 0 Learn with flashcards, games, and more — for free. Lean budgeting prioritizes value streams over projects. The portfolio context that includes quantitative measures Which one of the core competencies of the Lean enterprise helps align strategy and execution? A. As you adopt SAFe, establishing effective guardrails guides investments, balances capacity, approves initiatives, and ensures continuous engagement. Study with Quizlet and memorize flashcards containing terms like Which element on the SAFe Big Picture contains various roles and artifacts that my Strategy and Investment Funding and Lean Governance are two dimensions of the Lean Portfolio Management competency. Lean Portfolio Management (LPM) represents a transformative approach that empowers organizations to synchronize strategy and execution while fostering a culture of agility, innovation, and value delivery. Makes largest initiatives visible 2. 0. Which one of the four pillars advocates a 'Go See' mindset? -the art of maximizing the amount of work not done-is essential. In fact, the genesis of SAFe was to develop guidance for enterprises on how to apply the principles Study with Quizlet and memorize flashcards containing terms like Portfolio Collaborative Assessment, Portfolio Review Guide, Portfolio conference and more. c By modeling SAFe's Lean-Agile Mindset, values, principles, and practices. Lean budget guardrails are policies and practices that can help project managers with budgeting, spending and the governance of project portfolios. About Quizlet; Careers; Advertise with us; Get the app; For Students. Architectural epic first when situation requires it 4. Study with Quizlet and memorize flashcards containing terms like A SAFe portfolio is a collection of:, Each Value Stream builds, supports, and maintains:, Solutions are delivered to the ______, whether internal or external to the Enterprise and more. . Search. 5 terms. Each Value Stream builds, supports, and maintains Solutions Solutions are delivered to the Customer, whether internal or external to the Enterprise. How does using Kanban benefit SAFe Portfolio? It visualizes the flow of epics. This is the primary purpose of the Portfolio Kanban System. 2-2. To achieve optimal business outcomes, it’s important to understand a lean portfolio management budgeting approach. Lean Portfolio Management: Strategy & Investment Funding > Agile Portfolio Operations > Lean Governance A. Strategic Themes. - operate within Lean Budgets and Guardrails - understand economic tradeoffs for solutions - leverage suppliers - sequence jobs Other Quizlet sets. What is the foundation the customer-centric enterprise? a) Whole product solution b) Product lifecycle c) Market and user research d) Customer value. The Work-in-Process limit at the Analyzing step of the Program Kanban is based on the overall availability of Product Management, other subject matter experts, and the capacity of which two other roles? (Choose two. United Study with Quizlet and memorise flashcards containing terms like SAFe Portfolio, Enterprise, Elements of lean portfolio management and others. Portfolio Canvas b. cross-functional teams, which two statements are true about uncommitted objectives? (choose 2) a. Along with budget guardrails, enables faster value delivery while 1. Study with Quizlet and memorize flashcards containing terms like the agile release train uses what type of teams to get work done? a. Lean agile leadership 2. Step 1: Determine lean budget guardrails. Uncommitted objectives help improve predictability 2. Enterprise business drivers. 1 / 179. Home Subjects. Annual planning and rigid budgeting cycles 4. Epics and Enablers c. Foundation. phased-review-process teams c. Strategic Portfolio Review and Portfolio Sync Events : The Portfolio Kanban system is often used during these events to facilitate discussions around Epics’ prioritization, selection, and progress. Value Becoming a lean-agile leader involves a mind set change and using 10 principles Learn with flashcards, games, and more — for free. Flashcards; Learn; Test; Match; Q-Chat; Get a hint. Flashcards; Test; Learn; Solutions; Q-Chat: your AI tutor; Spaced repetition; Quizlet Plus; For teachers Navigating the Path to Strategic Excellence with Guardrails in Lean Portfolio Management. Flashcards; Learn; Test; Match; Q-Chat; Created by. 30 terms. SWOT and TOWS d. How Lean-thinking people and Agile teams optimize their business processes, evolve strategy with clear and decisive new commitments, and quickly adapt the organization as needed to capitalize on new opportunities 6. Problems with Project Cost-Center Budgets. Market Milestones. It starts with the strategy and investment decisions at the Portfolio level and is reflected in Strategic Themes, Portfolio Vision, and the Portfolio Backlog. 44 terms. Lean budget guardrails are the processes, guidelines, and policies set for a specific portfolio. Which statement correctly describes one aspect of the teams commitment at the end of PI Planning? A. Amrutha013. A team commits to all the Stories they put on their PI Plan B. d By using the SAFe Implementation Roadmap to script the way for change A SAFe portfolio is a collection of development Value Streams. Each Value Stream builds, supports, and maintains Solutions Solutions are delivered to the Customer, whether internal or external to the Enterprise stage/step in the flow and determine how the surrounding tasks\stages\steps react b. Empathy maps. management teams d. C) Participatory budgeting forums that lead to Value Stream budget changes. Determining if business needs meet portfolio Thresholds. TOWS analysis is a tool that helps generate strategic alternatives based on the SWOT factors. To provide Story details from a release-planning point of view D. Connects enterprise to portfolio strategy. Study with Quizlet and memorize flashcards containing terms like Which of the following principles includes "working software is the primary measure of progress", Team A is writing a Story enabling book shoppers to access their shopping cart from any page on the website. Creates Lean budget and investment guardrails. What is one component of a Guardrail in Lean Portfolio Management? ⬜ Allocation of centralized vs decentralized decisions in the Enterprise Energy flows where intention goes. A furniture retailer C. Team and Technical Agility B. In turn, Lean Portfolio Management (LPM) allocates the portfolio Budget to individual Value Streams. Explanation: Lean Budget helps with the tools and techniques for working within the approved budgets and to do away with non-value added process. guide investments by horizons 2. 1. Which Lean budget Guardrail helps ensure the appropriate allocation of budgets to balance near-term opportunities with It will be moved to the ready state in the Portfolio Kanban if it receives a 'go' decision from Lean Portfolio Management. what is one component of a guardrail in lean portfolio management? a. We have an expert-written solution to this problem! Which pillar in the House of What is one component of a Guardrail in Lean Portfolio Management? A) Allocation of centralized vs decentralized decisions in the Enterprise. Fortunately, many enterprises have already traveled this path, and the change patterns are shown in Figure 1. About us. Participatory budgeting forums that lead to value streams budget changes. Organizational Agility - how lean thinking people evolve strategy. The reporting structure that Lean Portfolio Management adheres to D. 4. represents the individuals with the highest level of decision-making and financial accountability for a SAFe portfolio; aligns strategy and execution by applying Lean and systems thinking approaches to strategy and investment funding, Agile portfolio operations, and governance; describes how a SAFe portfolio is a collection of Value Streams for a specific business domain Study with Quizlet and memorise flashcards containing terms like What measurements are Architects typically accountable for during Inspect and Adapt? Return on Investment of delivered Architectural Runway Business value scores of Enabler Features and Capabilities Architectural compliance metrics Program velocity and predictability, Which three are characteristics of Study with Quizlet and memorize flashcards containing terms like Which is NOT a core competency of Business Agility? 1 continuous learning culture 2 customer centricity 3 organizational agility 4 agile product delivery, Without _______, Enterprises simply cannot respond suciently to the challengesand opportunities of today's market changes: 1 Top creator on Quizlet Enterprise Solution Delivery, Lean Portfolio Management, agile product delivery, organaziational agility, Team and technical agility, continous learning culutre, lean agile leadership. ), What are two benefits of the Scaled Agile Framework? (Choose two. d By using the SAFe Implementation Roadmap to script the way for change What is the Lean Portfolio Management competency? Aligns strategy and execution by applying Lean and systems thinking approaches to strategy and investment funding, About Quizlet; How Quizlet works; Careers; Advertise with us; Get the app; For students. 1. solution teams b. Provides WIP limits to ensure the teams analyze responsibly 4. It is an open book online exam where you can search Answer: The Lean Guardrails helps with monitoring and governing the budgets and the methods of spending. You will need to understand how Strategy and Investment funding is established, how to apply Agile Portfolio operations and Lean governance, and how to build a plan for implementing the Lean Portfolio Management function Horizon 1 Horizon one represents those core businesses most readily identified with the company name and provide the greatest profits and cash flow. An enterprise may have one or multiple portfolios User business value and time criticality are components of what? Cost of Delay. Prioritizing the Team Backlog. What does a SAFe portfolio manage? What practice is part of Lean Portfolio Management (LPM)? Rolling wave planning. Some features first uses some features to determine whether additional features are needed; maybe sufficient success has been achieved or maybe it determines that the features are not needed due to feedback 3. Traditional project portfolio approaches inhibit the flow of value 2. Project cost accounting 3. Team and technical Lean portfolio management. Horizon 2 Horizon two encompasses emerging opportunities , including rising entrepreneurial ventures , which are likely to generate substantial profits in the future but could require considerable investment. Demand management is a process that involves capturing, prioritizing, and managing the various demands for new projects, initiatives, or features within an organization. Without involvement, there is no commitment. 2. Lean Portfolio Mgmt. use capacity allocation to optimize value and solution integrity 3. Share. Lean Budget Guardrails are an integral part of Lean Portfolio Management (LPM), providing financial oversight and strategic alignment for value streams and portfolios. Value statement 2. Brings structure to analysis and decision making 3. Chairs, sofas, and tables B. Business outcome hypothesis: quantitative and qualitative benefits 3 How do you prioritize and allocate resources across various projects to ensure optimal outcomes? How do you ensure alignment between these outcomes and your Incremental Decentralized Implementation Program Epics 1. recognize that changing mindset is a choice 3. References: SAFe Portfolio, Portfolio Canvas Study with Quizlet and memorize flashcards containing terms like SAFE is based on four primary bodies of knowledge, 1. Which is an aspect of systems thinking? Optimizing a component does not optimize the system. Phase-gate approval processes that fail to mitigate risk 6. A. Also, manila or plastic (or other synthetic rope) being used for toprails or midrails shall be inspected by a competent person as . How do you prioritize and allocate resources across various projects to ensure optimal outcomes? How do you ensure alignment between these outcomes and your organization's strategy and business objectives? Tune in to this episode to learn how Lean Portfolio Management (LPM) can help executives, project/product managers, PMO leaders, Study with Quizlet and memorize flashcards containing terms like When establishing metrics, what might an organisation focus on from a portfolio perspective that closely aligns with SAFe principle Market rhythms Flow and cycle time CapEx vs OpEx spending Cost of delay, Which three practices support continuous compliance? Choose 3 Fail compliance early and often Study with Quizlet and memorize flashcards containing terms like What is used to capture the current state of the portfolio and provide input for defining the future state, Which statement is true about uncomitted objectives, The Lean Thinking principle "make value flow without interruptions" means identifying what? and more. 3 Quizlet for Schools; Parents; Language Your journey to Lean Portfolio Management. What is the foundation of the SAFe House of Lean? Leadership. 3 Multiple Study with Quizlet and memorize flashcards containing terms like Which metric will show increased productivity across the portfolio and the ART backlog?, When is the correct time to integrate across value streams?, What is the recommended method to forecast epic implementation cost? and more. d. Flashcards; Test; Learn; Solutions; Q-Chat: your AI tutor; Modern Learning Lab; Quizlet Study with Quizlet and memorize flashcards containing terms like Which metric indicates increased productivity across the portfolio and the ART backlog?, What planning practice is involved in Lean Portfolio Management (LPM)? Rolling wave planning. Organization Agility Lean Portfolio Management Agile Product Delivery Team and Technical Agility Continuous Learning Culture Enterprise Solution What are the components of the SAFE House of Lean? Delivery early and often Operate within Lean Budgets and Guardrails Understand economic trade-offs for Solutions Leverage Capacity allocation of the Value Stream compared to process mapping: While understanding capacity allocation and process efficiency is important within Lean Portfolio Management, these aspects are not specifically identified as components of LPM guardrails. What is at the center of the 7 core competencies? Customer Centricity. Quality is determined by the customer Teams over individuals Apply product thinking constantly, What is one example of an Agile Team development practice? Demoing frequently. Prepare well for the exam. The LPM competency aligns strategy and execution by Study with Quizlet and memorize flashcards containing terms like What are the 3 responsibilities of the Lean Portfolio Management team?, What are 3 roles of LPM "Strategy & Investment Funding", What are the 3 roles of LMP "Agile Portfolio Operations" and more. —Warren Buffett, “The Superinventors of Graham-and-Doddsville” [1] Portfolio A SAFe portfolio aligns strategy to execution via a collection of Development Value Streams (DVS). 5 Study with Quizlet and memorize flashcards containing terms like What is a SAFe portfolio?, Strategy and investment funding: collaboration and responsibilities, Connect the portfolio to the Enterprise with Strategic Themes and more. According to the standard, steel or plastic banding shouldn’t be used as a toprail or midrail. Maintain the Guardrails. Which of the SAFe Lean-Agile Principles apply to LPM? Which purpose does the investment horizons guardrail serve? Addressing both near-term opportunities and long-term Study with Quizlet and memorize flashcards containing terms like Which statement accurately characterizes Strategic Themes?, Which is an aspect of system thinking?, What is one component of the Continuous Delivery Pipeline? and more. Create. - Lean Portfolio Management (LPM) - This function represents the individuals with the highest level of decision-making and financial accountability for a SAFe portfolio - Epic Owners - Take responsibility for coordinating Study with Quizlet and memorise flashcards containing terms like What is one way to describe Agile economics? Deliver early and often. A team commits to all the Features they put on the ART planning board D. Apply investment horizons 2. Lean Portfolio Management (LPM) 45 terms. Lean Governance d. the work to deliver the uncommitted objectives is not planned into 6. What is one of the Lean budget Guardrail? ⬜ Learning Milestones as objective measurements ⬜ Spending caps for each Agile Release Train ⬜ Participatory budgeting ⬜ Continuous Business Owner engagement. Study with Quizlet and memorise flashcards containing terms like When establishing metrics, what might an organisation focus on from a portfolio perspective that closely aligns with SAFe principle Market rhythms Flow and cycle time CapEx vs OpEx spending Cost of delay, Which three practices support continuous compliance? Choose 3 Fail compliance early and often Lean Portfolio Management (LPM) has accepted the Epic All of the Epic's features are completed The customer accepts the Epic Portfolio governance is no longer required Given an epic with business value of 20, a time criticality of 2, a risk reduction of 13, and a normalized cost of 5, what is its weighted shortest job first (WSJF) calculation? 7 4 1 1. Preview. ) Adjust guardrails;Update the portfolio canvas; What is the recommended method to Study with Quizlet and memorize flashcards containing terms like What is used to capture the current state of the Portfolio and a primer to the future state?, What is one component of the Continuous Delivery Pipeline? What is one Guardrail on Lean Budget spend? Continuous Business Owner engagement. Study with Quizlet and memorize flashcards containing terms like Why Lean Portfolio Managment?, What does the LPM competency do?, What are the four areas within Value and Leadership of the SAFe House of Lean and more. 45 terms. D) Determining if business needs meet the Portfolio Study with Quizlet and memorise flashcards containing terms like Which SAFe Core Value creates an environment in which facts are always friendly? Transparency Innovation Flow Respect for People and Culture, Which core competency best describes the critical skills of Scrum, Kanban, and the Built-in Quality practices that are needed to manage the flow of PI= Planning Interval A cadence-based event that serves as the heartbeat of the ART, aligning all teams on the ART to a shared mission and Vision. ) Keep track of the finished product as that is the only true measure of success/ A furniture company is using the SIPOC approach to assess its manufacturing process. Guardrails are more about strategic decision-making boundaries rather than 1. Based on P/E and dividend yield data alone, which of the following is most likely true about the nature of these stocks?, A passive fund manager would be most likely to do which of What is one way Lean-Agile leaders lead by example? a By applying empathic design and focusing on Customer Centricity. · A memorable description of what the portfolio wants to achieve through Strategic Themes · A set of key performance indicators that measures the performance of Value Streams · A set of Metrics that measure progress towards the Strategic Theme · A set of Lean Metrics used to measure the performance of the portfolio A SAFe portfolio is a collection of development Value Streams. B. Mindsets can change 1. The work to deliver the uncommitted objectives is not planned into the iterations during PI Planning 3. (Inputs, Outputs, Customers, Process, Suppliers) Match each component of this business process to the corresponding example. Study with Quizlet and memorize flashcards containing terms like SAFe LPM, Base your decisions on economics to achieve better business outcomes - deliver early and often - operate within Lean Budgets and Guardrails - understand economic tradeoffs for solutions - leverage suppliers - sequence jobs Lean Portfolio Management Using a Portfolio Kanban system What is one component of a Guardrail in Lean Portfolio Management? A voting comment increases the vote count for the chosen answer by one. What are the three dimensions of Lean agile When p(DE) < 1, the Portfolio standard deviation is always lower than the weighted average of the individual assets standard deviations. This concept also increases throughput and improves the productivity of cross-functional teams. Study with Quizlet and memorize flashcards containing terms like What are the four budget guardrails on Lean Budget spend?, What is the recommended way to express a Feature?, ** What is one component of a Guardrail in Lean Portfolio Management? C. Project roadmaps are valuable tools in this process as they help portfolio managers by giving them an overview in which they can strategically reallocate resources to maintain value while eliminating waste. Try Study with Quizlet and memorize flashcards containing terms like SAFe Agile, Seven Core Competencies of Biz Agility, Business Agility requires what? and more. Demand Management. A team does not commit to uncommitted objectives C. A team commits only to the PI Objectives with the highest business value Which core competency of the Lean Enterprise helps drive Agile Quality practices? > Team and Technical Agility > Lean Systems Engineering > Lean Portfolio Management > DevOps and Release on Demand Team and Technical Agility Lean Portfolio Management. is how you ensure the $ is used at intended allocation 1. Study with Quizlet and memorize flashcards containing terms like The Lean Principle "making value without interruptions" means identifying what? Delays Predictability issues of the train Activities that lack innovation KPIs, What is the biggest benefit of decentralized decision-making? Remove accountability from leaders Reduce delays Ensure strategic decisions are made To provide Story details from a designer point of view C. What is the third dimension? A) Lean System and Solution Engineering B Study with Quizlet and memorize flashcards containing terms like What is one dimension of the Team and Technical Agility Core Competency?, What is one Story component to consider when estimating size? Lean Portfolio Management Connect strategy to execution Make value flow without interruptions Decentralize decision-making. What drives the future themes;Assessed portfolio context; Which two actions might occur during strategic portfolio review? (Choose two. ) A) Lean Agile Center of Excellence B) Release Train Engineer C) Business Owners D) System Architects E) Agile Portfolio Operations Study with Quizlet and memorize flashcards containing terms like Portfolio Collaborative Assessment, Portfolio Review Guide, Portfolio conference and more. Am0nRa11. Study with Quizlet and memorize flashcards containing terms like Customer Centricity, Continuous Learning Culture;Organizational Agility;Lean Portfolio Management;, DevOps and the Continuous Delivery Pipeline;Develop on Cadence; Release on Demand;Customer Centricity and Design Thinking; and more. Lean Business Operations, _____ is a template for identifying a specific SAFe portfolio a. Quizlet for Schools; Language Country. The "ilities"—reliability, usability, scalability, maintainability, etc. What is one way Lean-Agile leaders lead by example? a By applying empathic design and focusing on Customer Centricity. b. Choose matching term. Stakeholders and decision-makers should collaborate to decide the guardrails. Provides a transparent and quantitative basis for economic decision making. Architecture precedes by Study with Quizlet and memorize flashcards containing terms like Customer Centricity, Continuous Learning Culture;Organizational Agility;Lean Portfolio Management;, DevOps and the Continuous Delivery Pipeline;Develop on Cadence; Release on Demand;Customer Centricity and Design Thinking; and more. Study with Quizlet and memorize flashcards containing terms like Lean-Agile Leadership, Lean Portfolio Management;Continuous Learning Culture;Organizational Agility;, DevOps and the Continuous Delivery Pipeline;Customer Centricity and Design Thinking;Develop on Cadence; Release on Demand; and more. Study with Quizlet and memorize flashcards containing terms like What is one benefit of unlocking the intrinsic motivation of knowledge workers?, Which two statements are true about uncommitted objectives? (Choose two. Lean Lean Portfolio Management (LPM) oversees the Portfolio Kanban, ensuring that it is effectively used to manage and monitor the flow of Epics within the organization. What is the key differentiation of Agile development from Waterfall? ⬜ Architectural Runway and Incremental delivery of value ⬜ Fast Feedback and Face-to-face interaction ⬜ Incremental delivery of value and Fast Feedback Study with Quizlet and memorize flashcards containing terms like What are common problems of portfolio management?, What are the eight key reasons that portfolio management is vital?, What are the four goals of portfolio management? and more. Aigle Product Delivery C. Quizlet - Leading SAFe - Grupo de estudo - SAFe Agile 5. Spike first before go / no-go 2. ) Change the duration of the sprint and calculate if the increase or decrease in time changes as expected c. In Lean Portfolio Management, accountability for outcomes lies with the Business Owners, to whom the release trains have been allocated / aligned. What is the foundation of the SAFe House of Lean? Optimizing a component does not optimize the system. B) Capacity allocation of the Value Stream compared to process mapping. Agile Portfolio Operations c. SAFE Lean Portfolio Management 5. It lays out strategies for improving the organizations by eliminating the overheads for funding the projects Study with Quizlet and memorize flashcards containing terms like What is a SAFe Portfolio, Operational Value stream, Development Value Steam and more. One of the seven core competencies: (1) Lean agile leadership provides the _____. Capacity allocation of the Value Stream compared to process mapping. karljensrud. ) Increase expected story points and determine if the task could still be completed within the given time-box d. The company delegated the use of this capacity to those Business Q what is one component of a guardrail in lean portfolio management? Determining if business needs meet portfolio Threshol Determining if business needs meet portfolio Threshol Answered over 90d ago The Work-in-Process limit at the Analyzing step of the Program Kanban is based on the overall availability of Product Management, other subject matter experts, and the capacity of which two other roles? (Choose two. The textile companies that create fabric used on the furniture E. Good luck. SAFe Portfolio. ) A) Lean Agile Center of Excellence B) Release Train Engineer C) Business Owners D) System Architects E) Agile Portfolio Operations Quiz yourself with questions and answers for LPM Test, so you can be ready for test day. They do Study with Quizlet and memorize flashcards containing terms like Which element on the SAFe Big Picture contains various roles and artifacts that my apply to a specific team, program, large solution, or portfolio context? A) Spanning palette B) Roles C) Foundation D) Competencies, What are the three levels of SAFe? (Choose three) A) Program B) Team C) Portfolio D) Full E) Study with Quizlet and memorize flashcards containing terms like Which are two Scaled Agile Framework Core Values? (Choose two. Who is responsible for managing the Portfolio Kanban. Manages Portfolio Operations. Helps prevent unrealistic expectations 5. What is one guardrail on Lean intrinsic motivation of knowledge workers. Recognize that improvements made in one part of the process can have ripple effects The Lean-Agile Leadership competency describes how Lean-Agile Leaders drive and sustain organizational change and operational excellence by empowering individuals and teams to reach their highest potential. Which one of the four pillars advocates a 'Go See' mindset? Optimizing a component does not optimize the system. Each VS builds, supports, and maintains OSHA states that guardrails shall be surfaced to prevent injury to an employee from punctures or lacerations, and to prevent snagging of clothing. Organization Agility Lean Portfolio Management Agile Product Delivery Team and Technical Agility Continuous Learning Culture Enterprise Solution Delivery What are the components of the SAFE House of Lean? Delivery early and often Operate within Lean Budgets and Guardrails Understand economic trade-offs for Solutions Leverage Suppliers Study with Quizlet and memorize flashcards containing terms like three essential collaborations for LPM, LPM is one of 7 core competencies in SAFe, What are the two primary aspects of a Lean-Agile Mindset and more. quizlette3558157. Lean Portfolio Management (LPM) is an approach used in organizations to align strategy and execution by applying Lean and Agile principles at the portfolio level. KPIs and Lean budget Guardrails b. Empowered funding requires the parallel responsibility to communicate any investments that are unexpected. 3. hello quizlet Study tools Prepare well for the exam. Modernizing portfolio management is critical to supporting the Lean-Agile way of working and competing in this new reality. No involvement, no commitment. These collaborations give the enterprise the ability to align strategy to execution, to meet existing commitments reliably, and to better enable innovation. Lean Portfolio Management. ⬜ It is a Lean Portfolio management technique ⬜ It is a set of development practices. Results in portfolio Epic owner and approval by Lean Portfolio Manager (LPM) Epic Description. , Five fundamental Ace your courses with our free study and lecture notes, summaries, exam prep, and other resources Studeer met Quizlet en leer kaarten met termen als Question What can be used as a template for putting SAFe into practice within an organization? O SAFe Core Values O SAFe House of Lean O SAFe Implementation Roadmap O SAFe Principles, Question Which of the core competencies of the Lean Enterprise helps align strategy and execution? Lean Portfolio Management Business Lean Portfolio Management. Study with Quizlet and memorise flashcards containing terms like Discuss the overall purpose people have for investing. 3 dimensions= 1-Strategy and investment funding-Enterprise executives, business owners, enterprise architect 2-Agile portfolio operations-APMO/LACE, RTE and SM CoP 3-Lean governance-APMO, Enterprise Architect, Business Many legacy portfolio practices remain despite massive market changes and how businesses operate in the digital era. The value streams fund the people Guardrails help balance near-term opportunities with long term strategy, ensuring that large investments are approved, investments in tech, infra, and maintenance are routinely ignored in the budgeting. he Lean Portfolio Management course helps executives, Portfolio Context KPIs Qualitative data Lean Budget Guardrails. 1 * What is a problem with project cost-center budgets? 2. Lean Portfolio Management - aligns strategy, execution, and funding by applying lean 5. ) 1. Definition: Portfolio Flow describes a state where Lean Portfolio Management provides a continuous flow of new epics to Solution Trains and ARTs to achieve the portfolio’s vision and strategic themes. ), Which Core Competency of The greater the potential for reward in the value portfolio, the less risk there is. Study with Quizlet and memorize flashcards containing terms like SAFe Portfolio, Portfolio context: KPIs, qualitative date, Lean budget guardrails 7. Each epic requires a Lean business case and an explicit approval process (see the Epic article and the Lean portfolio governance section of the Lean Portfolio Management article). Provide Lean governance across value streams. In the context of Lean Portfolio Management, demand management is essential in determining and choosing the best projects to add to the portfolio. Study with Quizlet and memorize flashcards containing terms like Which statement correctly describes one aspect of the teams' commitment at the end of PI Planning? Ateam does not commit to uncommitted objectives; ateam commits to all the features they put on the program board; a team commits to all the stories they put on their PI plan a team commits only to the PI Non-functional requirements are key architecture concerns and system qualities that are sometimes known as what? A. What is one of the tools associated with Design Thinking. —Stephen Covey [1] Participatory Budgeting The Enterprise provides a portion of its total budget to each portfolio. A value stream is the steps to deliver a solution that is valuable to Organization Agility Lean Portfolio Management Agile Product Delivery Team and Technical Agility Continuous Learning Culture Enterprise Solution Delivery Lean-Agile Leadership What are the two primary aspects of a Lean-Agile Mindset In lean portfolio management, one must continuously review and adapt to the changing environment to maintain value and eliminate waste. Lean Budget Guardrails are essential principles in Lean Portfolio Management (LPM), a pivotal practice within frameworks like the Scaled Agile Framework (SAFe) that guide Lean-Agile transformations. The purpose of strategy and investment funding C. Which of the following examples represents the recommended user voice format for the Story?, Which of Study with Quizlet and memorize flashcards containing terms like Lean Enterprise/SAFe 7 core competencies: Which competency consists of Strategy and Investment funding, Lean Governance, and Agile Portfolio Operations? Lean Portfolio Management Organizational Agility Continuous Learning Culture Lean-Agile Leadership Team and Technical Agility Agile Product The Lean Portfolio Management competency aligns strategy and execution by applying Lean and systems thinking approaches to strategy and investment funding, Agile portfolio operations, and governance. Explore quizzes and practice tests created by teachers and students or create one from your course material. What is one component of a Guardrail in Lean Portfolio Management? A) Allocation of centralized vs decentralized decisions in the Enterprise. capacity 5. Define investment, Discuss the three components of an investor's required rate of return on an investment. B) Capacity allocation of the Value Stream In the context of Lean Portfolio Management (LPM), Guardrails are policy guidelines or criteria that help organizations make decisions regarding the allocation of One essential component of a guardrail in Lean Portfolio Management (LPM) is investment funding. Investment and Strategy Funding b. The House of Lean is a classic metaphor describing the mindset essential for Lean thinking. Roles The portfolio function and associated roles provide the highest level of accountability and governance, including the coordination of multiple value streams. Helps drive collaboration among key stakeholders 6. xalelwfiylnqhotfpeixtmbawaffgrdezzxanpeygwlvxzvw