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Question

Strategy & Invt Funding

Answer 1

Part of LPM - Connect the Portfolio to the Enterprise Strategy - Establish portfolio vision and roadmap (and arch. roadmap) - Establish Lean Budgets and Guardrails - Establish Portfolio Flow

Answer 2

INPUTS - 1. Vision / Mission / Core Values -- Vision – future state of what wants to be, persistent and long-lasting -- Mission – bus. obj. implementing ent. vision and framing strategy. more temporal, incremental -- Core values – immutable belief system governing all individual and corporate behaviors and activities. 2. Enterprise business drivers – emerging industry themes and trends affecting the business 3. Distinctive competence – distinctive capabilities providing competitive edge 4. Financial goals – to be clear to all stakeholders. 7. Competitive environment – most significant competitive threats to business 8. Portfolio context – Knowledge of current state of each solution portfolio - feedback from portfolio OUTPUTS - Strategic Themes ==> Portfolio Vision - Portfolio Budgets ===> Lean Budgets

Answer 3

Strategy ---->. Themes / Budget. ------ > Portfolio

Answer 4

- Business Model Canvas (BMC) | - Lean Canvas

Answer 5

- Portfolio Vision (direct input) - Value stream Budgets and Guardrails (influence) - Portfolio Kanban and Portfolio Backlog ( - Vision and Large Solution, ART, and Team backlogs

Answer 6

Part of Connecting Portfolio to strategy > Part of Strategy and Investment Funding > part of LPM provide a simple, memorable message that influences everyone involved in solution delivery. can be defined by a phase or Objectives and Key Results (OKRs) Objective – memorable description of what want to achieve. short, inspirational, and challenging Key results – set of metrics to measure progress towards theme. 2 to 5

Answer 7

Part of Strategy and Investment Funding (part of LPM) Portfolio Canvas is the tool to vizualize portfolio and vision - Establish current - Explore possibilities (divergent) - Envision future states with SWOT and TOWS - Evaluate Options (create new canvases) - Make decisions (convergent) - Create future state canvas ==> create your postcard for the future from the gap

Answer 8

Part of Agile Portfolio Operations (part of LPM) Lean Start up: epic has lean business case and the MVP needs to be implemented by Train to evaluate hypothesis. When hypothesis proven, development continues. New state for Epic on Kanban: - Implementing -- MVP: MVP in development, hypothesis not proven yet -- Persevere: hypothesis proven, train implementing under portfolio governance

Answer 9

Guiding investments by horizon Applying capacity allocation Approving significant initiatives (above epic threshold) Continuous Business Owner engagement

Answer 10

``` Part of LPM 1. Forecast and Budget Dynamically ==> Participatory Budgeting 2. Measure Portfolio Performance 3. Coordinate Continuous Compliance ```

Answer 11

bi-weekly / monthly by APMO Visibility how portfolio progress toward objectives (look at 3 dimensions: Strategy/funding, Ops (remove impediments), Lean governance) includes high level people, set in advance with detailed agenda, could include participatory budgeting

Answer 12

how Lean-thinking people and Agile teams - optimize their business processes - evolve strategy with clear and decisive new commitments - quickly adapt the organization as needed ===> to capitalize on new opportunities. ``` Lean-Thinking People and Agile Teams --- Lean Agile Mindset --- Safe Principle --- Agile HR Practices --- Agile working environment --- Tooling and Automation Lean Business Operations --- Map Operation Value Stream --- Implement Flow Strategy Agility (react faster) --- Market Sensing ```

Answer 13

``` Part of Organization Agility - Lean-Thinking People and Agile Teams --- Lean Agile Mindset --- Safe Principle --- Agile HR Practices --- Agile working environment --- Tooling and Automation ```

Answer 14

Part of Organization Agility - Lean Business Operations --- Map Operation Value Stream (identify delays and efficiency increase opportunities) --- Implement Flow

Answer 15

Part of Organization Agility - (react faster) --- Market Sensing --- Make strategy change decisively --- Organize and reorganize around value (change network not hierarchy of company) --- Innovate like startup (lean start-up, inno accounting) --- Implement changes quickly - through cadence and lack of queues --- Ignore sunk cost

Answer 16

Dimension of Continuous Learning Culture Employees at every level are learning and growing so that the organization can transform and adapt to an ever-changing world. -- Personal Mastery – Employees develop as ‘T-shaped people’. critical foundation of Agile teams. -- Shared Vision – Forward-looking leaders envision, align with, and articulate exciting possibilities. invite others to share in and contribute to common view of the future -- Team Learning – Teams work collectively to achieve common objectives (share knowledge, suspend assumptions, and ‘think together’, complement skills f -- Mental Models – share and create assumptions and generalizations while working to create new models to understand complex concepts -- Systems Thinking - recognizes that optimizing individual components does not optimize the system.

Answer 17

Dimension of Continuous Learning Culture - Innovative People - Time and Space (against tyranny of urgent) - Go see (Gemba) - Innovation and feedback - safe to fail - Pivot without mercy or guilt - Innovation riptide - idea from top / innovation from bottom

Answer 18

``` Dimension of Continuous Learning Culture Plan-Do-Check-Adjust - Constant Sense of danger (not fear) - improvement activities are essential to survival - Optimize the whole - Problem Solving Culture - Reflect at Key Milestone - Fact Based improvement ```

Answer 19

``` Foundation of competencies Lean-Agile Leaders drive and sustain organizational change and operational excellence by empowering individuals and teams to reach their highest potential. - Lead by example - mindset and principle - leading change ```

Answer 20

Dimension of Lean Agile Leadership -foundation ==> mindset can change - Mindset awareness (recognize fixed mindset) - recognize it is a choice - take new growth mindset actions

Answer 21

Respect: Generative culture (positive performance oriented culture) Flow: move from project to product based Innovation: Innovative people/Experimentation and Feedback/Innovation Riptides Relentless Improvement: problem solving culture / base improvement on fact Leader -- model behaviors

Answer 22

``` from 9 to 10 #10 - Organize around Value - 2nd ops system, network, do not destroy hierarchy ```

Answer 23

Dimension of Lean Agile Leadership - authenticity (walk the talk, model) - decentralized decision making - emotional intelligence - lifelong learning - growing others

Answer 24

-- Change vision - communicate why change is needed in inspiring, motivating, and engaging ways -- Change leadership - positively influence and motivate others to engage in the organizational change through the leader’s own personal advocacy and drive. -- A powerful coalition for change - -- Psychological safety - environment for risk-taking that supports change without fear of negative consequences to self-image, status, or career. -- Training the new way of working Use Implementation roadmap

Answer 25

Script to the critical moves to adopt SAFe Last steps is Accelerate - measure performance of portfolio (use assessments) - reinforce basics (10 critical SAFe) - progress toward mastery - anchor new behavior in culture - apply learning across enterprise

Answer 26

way portfolios evaluate progress towards business agility and determine next improvement steps Use Business Agility Assessment - from true to false - Facilitate effective self-assessment of business agility - Analyze the results - It is about the discussion. (look for gap in opinion, ideas, look at low areas, areas too high - Identify growth opportunities - Prioritize and take action - Integrate learning - Celebrate success

Answer 27

Expand definition of Development value stream to business solution instead of system since agile team are also business agile teams

5.0 Flashcards

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