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Strategic alignment to execution is critical to the success of any organization and is an essential aspect of the Scaled Agile Framework®. With the SAFe® Lean Portfolio Management training, you can collaborate across silos, empower teams, and organize the value to achieve rapid customization. A SAFe company can use Lean Portfolio Management (LPM) to align strategy and implementation while maintaining the flow of matter and innovation. As one of the five Lean Enterprise core competencies, the LPM is ideally suited to getting a company on the right track. Deepen your understanding of portfolio management and apply your skills.
It is one of the seven core competencies of the Lean Enterprise, each of which is essential to achieving business agility. All core competencies are supported by a specific assessment, which allows the company to assess the skills.
Lean portfolio management specifies how a SaFe portfolio is a collection of value streams for a specific business domain in an organization.
Each value stream offers one or more solutions that help the organization achieve its business strategy. The value streams develop solutions or products for external customers or create solutions for internal operational value streams.
Typically, a SaFe portfolio can drive the complete solution set for a small to medium-sized business. Larger companies often need multiple portfolios for all lines of business, each business unit, or each line of business..
Dr. Stefan Hermanns
Compared to traditional project portfolio management, where people get to work, lean portfolio management helps to appeal to people directly by bringing the business now to them.
Lean portfolio management aims to define desired results, whereas traditional project portfolio management focuses on the number or quality of results.
Unlike traditional project portfolio management, which aims to manage the budget, lean portfolio management doesn't care much about costs. The focus here is on value creation.
While traditional project portfolio management focuses on annual budget management, lean portfolio management has quarterly budget management.
You'll learn how to connect portfolio strategies and initiatives to planning and executing work, integrating feedback from participatory budgeting and adapting to change while maintaining your funding vision and roadmap.
Your certification includes the following:
For more information on the certification exam, click here:Exam Details: LPM - SAFe Lean Portfolio Management
To be certified as a SAFe® Lean Portfolio Manager, you must first attend a Lean Portfolio Management course. It is a requirement as attending the course gives participants access to all study materials and the exam. It should be noted that the seminar does not guarantee that you will pass the exam.
The exam tests skills and knowledge related to the professional role. The SAFe®, therefore, recommends preparing as comprehensively as possible for the online exam. Participants can download the training material from the SAFe® Community Platform. It is used for the preparation and follow-up of the seminar documents. A study guide is also available on the platform after the end of the course.
Which key figures are used in Lean Portfolio Management?
Various metrics, also known as key performance indicators (KPIs), are used in Lean Portfolio Management (LPM) to measure and track the progress, performance, and success of portfolios, programs, and projects. Here are some examples of the key metrics used in LPM:
Portfolio performance: The overall performance of the portfolio is measured based on the business outcomes achieved, which could be revenue growth, profitability, customer satisfaction, market share, or other relevant metrics.
Investment return: This metric measures the return on investments made in a portfolio or in a specific program or project.
Resource utilization: This metric is about ensuring that resources such as personnel, budgets, and infrastructure are used effectively and efficiently.
Delivery speed: The speed and frequency of delivering valuable products or services are measured and monitored to ensure the portfolio stays on course.
Risk management: The identification, evaluation, and monitoring of risks are measured using metrics such as risk scores and trends.
Customer satisfaction: Customer satisfaction is measured to ensure that the portfolio delivers valuable products and services that meet the needs and expectations of customers.
Which books should I definitely read?
The concept of LPM was first introduced by Dean Leffingwell in his book "Scaling Software Agility: Best Practices for Large Enterprises" in 2007. Leffingwell is the creator of the Scaled Agile Framework (SAFe), which is now used by many companies and organizations to implement LPM practices and processes.
At its core, LPM is based on the principles of Lean Thinking, which emphasizes the elimination of waste and the creation of value through customer-oriented processes. LPM integrates Lean principles into portfolio management to optimize the value and flow of work within the organization.
Is remote training recording allowed?
No recording and/or dissemination of distance learning is not permitted. All participants must be in the live training as if the seminar were in person.
What are the conditions for participation in the training?
Anyone can join the course, regardless of experience.
Which exam is taking place, and what is necessary to pass it?
There is a multiple-choice procedure for the certification exam. There are 45 questions in total. At least 32 of these questions must be answered correctly. This corresponds to a percentage of 71%. Please note that some questions have multiple correct answers (2-3). There are no partial points, so all correct answers must be selected.
Which test sections are there, and what are the associated percentages?
How does LPM work?
LPM works by creating an agile and flexible structure for portfolio management that enables teams and employees to quickly respond to market changes and customer needs. It emphasizes the importance of clear alignment with the business strategy and creating value for the customer.
Overall, LPM is designed to ensure that portfolios of work are continually improved to increase the agility and effectiveness of the organization. It promotes collaboration and transparency between teams and leaders, enabling businesses to achieve their goals and strategies in a fast-paced and constantly changing environment.
How are business processes made agile with LPM?
LPM helps companies make their business strategy agile by enabling them to adapt quickly to market changes, work more effectively, and create more value
How is lean changing portfolio management?
Traditionally, portfolio management in companies was done in a plan-driven manner. It was based on detailed plans and processes that were often rigid and offered little flexibility. However, agile methods have changed this paradigm by promoting an iterative, incremental, and adaptable approach.
LPM uses agile methods such as Scrum, Kanban, and SAFe (Scaled Agile Framework) to break down portfolio management into smaller, more manageable parts. It also promotes collaboration and transparency between teams involved in implementing projects and programs within the portfolio.
LPM helps companies make their business strategy agile by enabling them to quickly adapt to market changes, work more effectively, and achieve higher value creation.
Where is LPM most commonly used?
Lean Portfolio Management (LPM) is most commonly used by companies and organizations that need to manage complex and extensive portfolios of work. This can include small, medium, or large companies in various industries, including financial services, telecommunications, IT, healthcare, automotive, and more.
LPM is particularly useful for companies that want to use agile methods and practices to achieve continuous improvement and higher value creation. It is often used by companies undergoing an agile transformation or already using agile practices in their product development.
LPM is also commonly used in companies operating in a rapidly changing environment where it is important to quickly respond to market changes and customer needs. By using LPM, companies can ensure that their portfolios are agile and flexible and that they maximize value for their customers and their business.
Overall, LPM is widely used in companies and organizations of all sizes and industries and is increasingly being used to increase the agility and flexibility of their portfolios.
Where does LPM come from?
Lean Portfolio Management (LPM) has its roots in Lean Thinking, a philosophy of continuous improvement developed by Taiichi Ohno and Shigeo Shingo at Toyota in the 1990s. The principles of Lean Thinking are based on the idea that eliminating waste and creating value through customer-oriented processes increases the effectiveness and efficiency of organizations.
Who is responsible for LPM in companies?
In an organization, the responsibility for Lean Portfolio Management (LPM) lies with the leadership team, including the CEO, COO, CIO, or other top executives. The leadership team is responsible for creating a culture of continuous learning and improvement that enables teams and employees to leverage the agile methods and practices used within the context of LPM.
The portfolio management team, including portfolio managers, program managers, and agile coaches, is responsible for implementing LPM practices and processes. They must ensure that the portfolio is managed in accordance with the company's strategic alignment and agile principles and methods.
Team leaders and employees involved in implementing projects and programs within the portfolio also have responsibility for LPM. They must ensure that they adhere to agile methods and practices to ensure effective collaboration and delivery of valuable products and services.
Overall, LPM is a shared responsibility of the entire organization, requiring collaboration and transparency to ensure that the portfolio aligns with the company's strategic objectives and is continuously improved.
For which companies is LPM suitable?
The target audience for Lean Portfolio Management (LPM) is companies that need to manage complex and extensive portfolios of work. This can include small, medium, or large businesses operating in a variety of industries. LPM is particularly useful for companies that want to use agile methods to implement their business strategy to achieve continuous improvement and greater value creation.
Who is the target audience of LPM?
The target audience for LPM typically includes executives such as CEOs, COOs, and CIOs as well as portfolio managers, program managers, and agile coaches responsible for leading portfolio and program management initiatives. LPM is also relevant for teams and employees involved in implementing projects and programs within the portfolio.
Who is the training suitable for?
What is the importance of transparency?
LPM aims to ensure that all stakeholders in the portfolio, including teams and executives, have transparent information and can collaborate effectively. This helps to identify and resolve bottlenecks and issues in advance.
What are the goals of LPM?
The goals of Lean Portfolio Management (LPM) typically include:
Strategic alignment: LPM aims to ensure that all projects and programs within the portfolio are aligned with the company's strategic goals and objectives. Clear alignment helps to increase the effectiveness and efficiency of the portfolio.
Increased value: LPM aims to ensure that all projects and programs in the portfolio generate value for the company. This means that all activities must be geared towards meeting customer needs and/or advancing the company.
Improved decision-making: LPM aims to ensure that decisions regarding the portfolio are made on a solid, data-driven basis. Improved decision-making leads to better use of resources and a higher success rate in implementing projects.
Better transparency and collaboration: LPM aims to ensure that all stakeholders in the portfolio, including teams and executives, have transparent information and can collaborate effectively. This helps to identify and resolve bottlenecks and issues in advance.
Continuous improvement: LPM aims to ensure that continuous improvement is embedded in the entire portfolio management process. This means that mistakes are recognized, evaluated, and taken into account in future decisions in order to achieve greater effectiveness and efficiency of the portfolio.
What does LPM have to do with Agile?
LPM (Lean Portfolio Management) is closely related to Agile. It is a framework that incorporates the principles of Agile methods into portfolio management. It helps companies to implement their strategies in an agile and flexible way and achieve continuous improvement as well as higher value.
What practices does LPM encompass?
LPM typically encompasses the following key practices:
Strategy and investment funding: LPM starts with identifying the organizational business strategy and allocating funds for investments.
Agile portfolio operations: LPM uses agile methods to break portfolios of work into smaller, more manageable pieces.
Lean governance: LPM employs a governance structure that ensures control and flow of work throughout the organization.
Agile program management: LPM involves using agile methods to execute programs of work and ensure they are aligned with the organizational strategy.
Continuous improvement: LPM emphasizes continuous improvement through monitoring performance metrics, retrospective evaluations, and introducing changes to enhance the value and flow of work in the organization.
What is Lean Portfolio Management
Lean Portfolio Management (LPM) is an organizational approach used to manage large portfolios of work in an agile and lean way. LPM provides a way to align strategic goals and objectives with the execution of work across multiple teams and business units while promoting continuous improvement and value creation.
What happens after the exam?
If you pass the exam, you will receive the "Certified SAFe® Lean Portfolio Management" certificate in PDF form and as a digital badge for your online presence. You will have access to the SAFe® Community Platform for one year. Free membership includes access to the LPM Community Meetup groups and events and access to many resources that can provide day-to-day support for certified SAFe® specialists.
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