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level: Level 1 of Lean Portfolio Management

Questions and Answers List

level questions: Level 1 of Lean Portfolio Management

QuestionAnswer
Why Lean Portfolio ManagementTraditional approaches to portfolio management were not designed for a global economy or the impact of digital disruption. These factors put pressure on enterprises to work under a higher degree of uncertainty and yet deliver innovative solutions faster.
What is a SAFe Portfolio?A SAFe portfolio is a collection of development value streams Each value stream builds, supports and maintains solutions Solutions are delivered to the customers, whether internal or external to the Enterprise
What is a portfolio canvas?The portfolio canvas is a template for a identifying a specific portfolio It defines the domain of the portfolio and other key elements
What are Strategic ThemesStrategic Themes are differentiating business objectives that: are a collaboration between Lean Portfolio Management and the larger Enterprise Drive the future state of the portfolio Connect the portfolio to the Enterprise strategy Provide context for the Portfolio vision and Lean budgeting
What is Portfolio Epic?An Epic is a significant solution development Initiative Business Epics directly deliver business value Enabler Epics support the Architectural runway and the future business functionality Portfolio epics typically span multiple value streams Epics need a Lean Business case, the definition of a Minimum Viable Product(MVP), an Epic owner and approval by LPM
How are Epics described?Epics are described with four major fields: The value statement Business outcome hypothesis Leading indicators NFRs
What is a Portfolio KanbanGovern Epic flow with the Portfolio Kanban: It makes largest business initiatives visible Brings structure to analysis and decision making Provides WIP limits to ensure the teams analyze responsibly Helps prevent unrealistic expectations Helps drive collaboration among key stakeholders Provides a transparent and a quantitative basis for economic decision making