![]() ![]() Each increment is planned and executed using the agile methodology. These objectives are then decomposed into a set of initiatives that will be delivered in a series of increments. It starts with the identification of the strategic objectives for the enterprise. The SAFe portfolio management process is iterative and incremental. They are typically managed by product development teams or service delivery teams. Operational Value Streams: These are value streams that deliver products and services to customers. They are typically managed by managers of product development, operations, or shared services.ģ. Enabling Value Streams: These are value streams that enable the delivery of products and services by providing infrastructures, platforms, or shared services. They are typically managed by executives and senior managers.Ģ. Strategic Value Streams: These are the highest level value streams that deliver business objectives. There are three levels of value streams:ġ. A value stream is a sequence of activities that delivers a valuable output to the customer. The SAFe portfolio management process is based on the principle of delivering value through a value stream. I mproved Employee Engagement: Lean portfolio management involves all employees in the continuous improvement process, which can lead to greater engagement and ownership of the company’s success. Reduced Costs: By eliminating waste, businesses can reduce their overall costs and improve their bottom line.ĥ. Greater Agility: Lean portfolio management helps businesses rapidly respond to changes in the marketplace and adapt their plans accordingly.Ĥ. Improved Quality: By focusing on continuous improvement, businesses can improve the quality of their products and services.ģ. Increased Efficiency: By removing non-value-added activities from the decision-making process, businesses can become more efficient and save time and resources.Ģ. When implemented correctly, lean portfolio management can have a number of benefits for businesses, including:ġ. Lean portfolio management is a systematic approach to identifying and eliminating waste in all areas of the business, from product development to customer service. Source: Why lean portfolio management?Īs businesses strive to do more with less, many are turning to lean portfolio management as a way to streamline operations and create a more agile organization. Other important aspects of organizational agility include having a culture of innovation, empowering employees to make decisions, and encouraging collaboration across departments and functions. This can be done through a variety of means such as Lean and Agile principles, which emphasize customer value, early and continuous delivery, and continual learning. Organizational agility is a critical success factor for any company looking to survive and thrive in today's ever-changing business landscape.Ī key part of organizational agility is quickly adapting to change. This means the ability to rapidly respond to changes in the market, customer demands, or technology. Organizational Agility: The SAFe portfolio has a core competency of organizational agility. It allows them to be flexible and adaptable, which are essential qualities for any successful portfolio. This continuous learning culture is one of the key reasons why SAFe Portfolio is able to consistently deliver successful projects. This ensures that the portfolio is always up-to-date with the latest best practices. They also use this learning to improve their future project performance. It also helps organizations prioritize and invest in the right initiatives and track and continuously improve their performance.Ĭontinuous Learning Culture: The portfolio team continuously learns from the successes and failures of their past projects. It helps organizations to create value by aligning their portfolios with their business strategy. ![]() Lean portfolio management: Lean portfolio management is a key component of the SAFe framework. SAFe combines the proven success of Scrum, Kanban, and XP with Lean thinking to create a robust system that can handle the complexity of large-scale product development. SAFe is an agile framework that enables organizations to scale their agile practices to address the challenges of complex product development. This blog post will outline the key components of SAFe's lean portfolio management strategy and provide tips for how to put it into practice. It offers a comprehensive approach to lean portfolio management, which can be difficult to implement without guidance. The Scaled Agile Framework (SAFe) is a popular framework for scaling agile methodology across organizations. ![]()
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