The Scaled Agile Framework (SAFe®) is a popular framework that allows organizations to scale their Agile practices to overcome the challenges of complex product development. Scrum, Kanban, and Extreme Programming (XP) are used in conjunction with Lean thinking to create a powerful system capable of dealing with the complexities of large-scale product development in an organization.If you are interested in driving SAFe® transformation within your organization, a SAFe® Lean Portfolio Management Certification from AgilityPAD will give you the right training to do so and give you a competitive edge in the job market.
Lean Portfolio Management is a key component of the SAFe® framework. It helps organizations align portfolio execution with their business strategy to create value. It also assists organizations to prioritize their investments, tracking, and continuously improving their performance. Lean Portfolio Management refers to the application of Lean-Agile principles and practices for the management of complex organizations effectively. With Lean Portfolio Management, it is possible to define, communicate, and align various business strategies in an organization.
The Objectives of Lean Portfolio Management
Here are the objectives of LPM that are taught in a SAFe® Lean Portfolio Management (LPM) course.
- Identifying opportunities that can help deliver the highest value
- Reducing barriers and challenges when balancing demand and opportunities
- Delivering the highest quality of work
- Eliminating obstacles to reduce the delivery time of the end product
- Managing the work in progress across multiple teams
- Expediting value delivery
- Defining the desired results
- Managing quarterly budgets
Three key elements of Lean Portfolio Management
Strategy and investment funding
- It involves aligning and organizing the portfolio to achieve the business targets and goals.
- Investments are allocated in the right place to meet the targets.
- Coordination and collaboration among product owners, executives, portfolio stakeholders, product managers, Scrum Masters, executives, and other members.
Agile portfolio operations
It involves coordinating value streams, supporting decentralized strategy execution, and ensuring operational excellence to improve efficiency and competitiveness in the marketplace.
Lean governance
- Decision-making is aligned with the strategic objectives of the organization.
- It builds a culture of collaboration and transparency in an organization.
- Continuous monitoring of investments and improvements as well.
- Judicious use of investments to create real business value and achieve a reasonable ROI.
- Risk monitoring and mitigation
- Providing accurate information to decision-makers for the effective allocation of resources
- Improving transparency and accountability within an organization
- Ensuring compliance with relevant rules and regulations.
For effective implementation of Lean Portfolio Management, there needs to be sufficient knowledge about it. SAFe® Lean Portfolio Management (LPM) training is an effective way for professionals to acquire the necessary skills that are in demand in the market. Also, a SAFe® Lean Portfolio Management (LPM) course will help professionals put their LPM skills to practice in the real world. A SAFe® Lean Portfolio Management (LPM) Certification from a reliable and trusted institute like AgilityPAD will provide the necessary guidance and structure for implementing LPM in an organization.
Implementing a Lean Portfolio Management may appear to be a daunting task. However, the right SAFe® Lean Portfolio Management (LPM) training can provide the necessary guidance for the successful execution of LPM in an organization.
If you want to dive into Lean Portfolio Management and make a career in it, a SAFe® Lean Portfolio Management (LPM) certification is a must for better job opportunities. AgilityPAD is one of the top institutes offering SAFe® Lean Portfolio Management (LPM) training. For more details about the SAFe® Lean Portfolio Management (LPM) course or the SAFe® Scrum Master online course, get in touch with AgilityPAD today.
