The agile teams are effective, focused and with clear priorities, ensuring deliverables of exactly the value customers want. The agile teams also necessitate an agile portfolio management, that precisely matches that way of working – but this is hard to achieve.
In order to realize the full potential of, among other things, the agile teams and trains, the framing has to be in place. In this case the framing of the application of agile portfolio management. With application of traditional portfolio management on top of agile teams and trains, waiting- and wasted time will occur in for example prioritizing and financing of initiatives. With Lean Portfolio Management (LPM) you ensure flow, transparency and flexibility within the portfolio management and establish frameworks for ongoing prioritizing and funding, that underpins the initiatives which create most customer value. Additionally, you ensure transparency for the individual teams, so it is clear, how their everyday work underpins the strategy.
What are the benefits of Lean Portfolio Management?
Even though you are well under way with a transformation or consider it to be completed, strengthening of portfolio management as support of agile teams and trains will be able to help you realise the agile potentials to a larger extent. This can for example be:
- Quicker decision-making ability regarding (re)-prioritising and derived consequences
- Increased transparency between strategy and execution.
- The best teams are working with the right tasks at the right time.