Portfolio Management
"There is nothing so useless as doing efficiently that which should not be done at all."
Peter Drucker
Connect strategy to execution
Lean-Agile Portfolio Management connects strategy with its execution. Portfolio Management provides a wheel for improving products and services by maintaining visibility, oversight and control of valuable investments. Lean-Agile product development keeps an organization flexible, so that it can respond quickly to changes in the market, technology and legislation and regulations.
Lean-Agile Portfolio Management is therefore an essential discipline in every organization.
Contact Lizet
E-mail: l.bary@synergio.nl
Phone: +31 6 4007 4545
"However beautiful the strategy, you should occasionally look at the results." Winston Churchill
The importance of Lean-Agile Portfolio Management
Lean-Agile Portfolio Management fills the gap between strategy and execution. It addresses two problems that occur in many organizations:
- The majority of employees within medium to large sized companies do not know the vision or strategy .
- The CEO, and senior management in general,don’t know what the majority of employees are working on on any given day.
Both are essential to allocate scarce resources in an organization to the most valuable improvements in the product and service portfolio.
The added value of Lean-Agile Portfolio Management
One of the most valuable benefits of Lean-Agile Portfolio Management is smarter decision making. By linking initiatives to strategic objectives, prioritization can be done with the proper rationale.
By setting a steering wheel on the organization, you make it possible for the entire organization to work together. No separate islands, but cohesion. This simplifies the collaboration of many teams that have to contribute to the same product or service.
In short, portfolio management ensures that you are always working on the right things.
Interested? Want to know more about the specific SAFe Lean Portfolio Training?
Leading the Change
Strategy
From strategy for management to strategy for all.
Strategy and executive work are often not connected with each other. By setting up Portfolio Management based on the strategic objectives, the work is prioritized on added value in line with the company strategy. As a result, strategy and execution are linked.
Performance
From following a plan todelivering value.
Traditional Portfolio Management makes long-term plans. With Lean-Agile portfolio management, plans are continuously evaluated and adjusted. Portfolio performance is measured through Objectives and Key Results (OKR). The result can lead to adjustments in the portfolio, so that strategy and execution are always in line with each other.
Investments
From annual budgeting to value stream funding
A change in strategy is followed by a different distribution of investments. To have this flexibility, you invest in value streams and flexibly adjust the budget per value stream when necessary. This keeps your investment in line with the strategy you have set out.
Governance
From retrospective reporting to real-time reporting
In order to make sufficient adjustments, you have to measure continuously. Measuring provides insight into the performance of products and services. Objectives and Key Results indicate which measurements are important for the execution of the strategy. Portfolio Management builds in measurement indicators that reflect whether the chosen route is successful, so that adjustments can be made in time.
Targetprocess for portfolio management
Well-designed tools are essential for portfolio management.
This contributes to:
- A joint and transparent strategy
- Insight into initiatives that give substance to the strategy
- Smarter decision-making based on value
- Insight and overview of the performance of the portfolio
