Connecting strategic goals with execution
Lean-Agile Portfolio Management connects strategy with its execution. Portfolio Management is the steering wheel for improving products and services. This by creating insight, overview 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.
"There is nothing so useless as doing efficiently that which should not be done at all."
"However beautiful the strategy, you should occasionally look at the results." Winston Churchill
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 sized to large 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 during the day.
Both are essential to deploy scarce resources in an organization on 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, it is possible to prioritize with the right substantiation.
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? Would you like to know more about the specific SAFe Lean Portfolio Training?
Leading the Change
From strategy for management, to strategy for everyone .
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.
From following a plan to delivering 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.
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.
From periodic 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 reflects whether the chosen route is successful, so that adjustments can be made in time.
Would you like to know more about what we can do for your organization in these areas of change of Lean Agile Portfolio Management?
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