Take 2 > LPM > Flashcards

LPM Flashcards

(45 cards)

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1
Q

……….. aligns strategy and execution by applying Lean and systems thinking approaches to strategy and investment funding, Agile portfolio operations, and governance.

A

LPM

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2
Q

3 Dimensions of LPM

A

Strategy & Investment Funding
Agile Portfolio Operations
Lean Governance

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3
Q

LPM contains a set of ……… Value Streams

A

DVS

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4
Q

Each DVS builds, supports, and maintains Solutions for

A

OVS

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5
Q

This dimension of LPM ensures the entire portfolio is aligned and funded to create and maintain the solutions needed to meet business targets.

A

Strategy and Investment Funding

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6
Q

This LPM dimension coordinates and supports decentralized ART execution and fosters operational excellence.

A

Agile Portfolio Operations

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7
Q

This LPM dimension supports oversight of spending, audit, compliance, expenditure, measurement, and reporting.

A

Lean Governance

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8
Q

What are the strategy and investment funding collaboration and responsibilities

A

CMREE

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9
Q

…………. describes the future state of its value streams and solutions

A

Portfolio Vision

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10
Q

………. mindset is critical to achieving success toward the strategic themes and having the agility to make mid-course corrections fluently

A

One Portfolio

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11
Q

A portfolio primarily measures business outcomes by defining Objectives and Key Results for ………… and Key Performance Indicators (KPIs) for ………….

A

Strategic Themes
and
Value Stream

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12
Q

…………. is a leadership and technical discipline that enables the maximum flow of business value through end-to-end solution delivery.

A

VSM

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13
Q

………….. is a coolection of development value streams

A

Portfolio

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14
Q

The best way to predict the portfolio’s future state is to create it through a purposeful and flexible …….

A

portfolio roadmap

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15
Q

The portfolio roadmap and ………. roadmap are bi-directional; each roadmap influences the other.

A

solution roadmaps

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16
Q

LPM uses the ……… to visualize and limit work-in-process (WIP), work in smaller batch sizes, and reduce the length of development queues.

A

portfolio Kanban system

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17
Q

LPM Events

A

Strategic Portfolio Review
Portfolio sync
Participatory Budgeting

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18
Q

…………. is a leadership and technical discipline that enables the maximum flow of business value through end-to-end solution delivery.

A

Value Stream Management (VSM)

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19
Q

The …………… event provides ongoing strategy, implementation, and budget alignment. This event focuses on achieving and advancing the portfolio vision.

Study These Flashcards
A

strategic portfolio review

20
Q

……………… provides visibility into how well the portfolio is progressing toward meeting its objectives.

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A

The portfolio sync

21
Q

What are the below:
Guiding investments by horizon
Applying capacity allocation to optimize value and solution integrity Approving significant initiatives
Continuous Business Owner engagement

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A

Four Lean budget guardrails

22
Q

…………. is a template for identifying a specific portfolio

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A

Portfolio Canvas

23
Q

Differentiating business objectives that:
► Are a collaboration between LPM and the larger Enterprise
► Drive the future state of a portfolio
► Connect the portfolio to the Enterprise strategy
► Provide context for the Portfolio Vision and Lean budgeting

Study These Flashcards
A

Strategic Themes

24
Q

……….. influence portfolio strategy and provide business context for
portfolio decision making

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A

Strategic Themes

25
Identify opportunities for the portfolio’s future state with
SWOT
26
The key difference between the SWOT and TOWS analyses are ...............
the outcomes that they create
27
A ............... analysis is used primarily for identifying strategic options to create a better future state
TOWS
28
A ............. analysis is a great way to uncover the current situation of your Value Stream, product, or portfolio
SWOT
29
Current State of Portfolio is ............ Future State of Portfolio is ............ Future State of Portfolio is achieved through..........
Portfolio Canvas Portfolio Vision Strategic Themes
30
portfolio-level business objectives that provide competitive differentiation and strategic advantage. They provide business context for portfolio strategy and decision-making, representing aspects of the enterprise’s strategic intent.
Strategic Themes
31
The six inputs for portfolio strategy formulation
Enterprise Vision Enterprise Strategy Portfolio Context Distinctive Competence Comptetive Environment Financial Goals
32
............ and ............. result from portfolio strategy formulation
strategic themes initial value stream budgets
33
Strategic themes act as inputs to or influence what?
Portfolio Vision Portfolio Backlog Solution Visison Value stream Budgets Lean Budget Guardrails
34
.................. sets a longer-term context for near-term decisions in a practical and inspirational way, clearly articulating why the future state of enhanced products and services is worth achieving.
The portfolio vision
35
three main steps to Lean budgets
Fund Value Streams not projects Guide Investments by Horizon Apply participatory budgeting
36
.............. describe the policies and practices for budgeting, spending, and governance for a specific portfolio
Lean Budget Guardrails
37
................ is a Kanban system that is used to capture and manage the business and enabler epics intended to create and evolve the portfolio’s products, services, and solutions.
The Portfolio Backlog
38
............. is a significant solution development initiative designed to drive change and foster innovation.
An Epic
39
................ enhance the architectural runway to support future business or technical needs
Enabler epics
40
LPM provides .................... and .................... for a specific portfolio, which contains a set of Development Value Streams (DVS) for a business domain in an Enterprise
an alignment and governance model
41
......................... is responsible for modernizing portfolio management practices.
Portfolio Leadership
42
................... is the ability to sense changes in market conditions and implement new strategies quickly and decisively when necessary.
Strategy agility
43
This one-day workshop helps the team of change agents who will guide the LPM implementation to begin the practical planning for launching LPM within the organization’s context
Getting Started with LPM workshop
44
The two-day LPM course helps portfolio leaders understand LPM practices and how they differ from traditional approaches
LPM training
45
This set of practical online ‘how to’ resources compiled by a large team of experienced LPM practitioners gives the implementation team the critical tools and best practices to guide the organization’s adoption of LPM
LPM Adoption Roadmap
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