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There are many ways to do this and one of which is lean portfolio management. Let’s first define lean portfolio management and then delve into how it works. We’ll also explain when to use lean portfolio management and how project management software can help you manage your portfolios better. What Is Lean Portfolio Management?
Partnering with Greaterthan, they guide organizations in adopting self-organization, distributed leadership, and participatory governance. Founder of The unFIX Company and Happy Melly, and co-founder of the Agile Lean Europe network, he empowers organizations with tools like the unFIX model for organizational design and continuous innovation.
The Kanban methodology helps reduce inefficiencies, and is a great project management tool for many purposes such as lean manufacturing or agile projects. The car company applied it to their lean manufacturing model, known as the Toyota production system. Lean Methodology. Processes can be defined and improved.
Looking at the conversations around budget, governance, and driving your significant business initiatives, agility is the last term that comes to mind for these leaders (bureaucracy and large ship struggling to maneuver are more apt descriptions). Fly : Finally; youre in full agility modetreating your entire business like a product.
Each kata focuses on a particular area (such as governance, practices, roles, events, or artifacts) and is designed to shift mindsets, structures, or processes in a way that provides incremental, scalable benefits over time. Incremental Improvement: Each iteration builds on the last, gradually increasing proficiency and confidence.
He recognized that something like a business model canvas would offer great potential in an entrepreneurial, Lean Startup context. Whether you pitch a Business Model Canvas or a Lean Canvas, the outcome is usually the same in a large enterprise. They can be quite different to those of a lean start-up or studio.
E – Project Management Terms Earned value management (EVM) A way to measure project performance, and is commonly used in government projects. It is commonly employed in Agile and Lean projects, often in response to end-user feedback in product development cycles.
The kanban method is governed by a set of principles. The goal of lean kanban is to start with no limits and monitor the WIP. The scientific approach of incremental change is the basis of lean and agile principles. This is an essential practice in lean manufacturing and serves kanban well by keeping teams working at capacity.
This blog is part of a series on Lean portfolio management. If you haven’t already, we recommend reading part one first, “ What is Lean Portfolio Management ,” which you can find here . In this post, we’ll discuss a fundamental component of Lean portfolio management: funding. This is where Lean budgeting comes in.
Since then, the implications have reached beyond industry and the kaizen principles have been used to help in healthcare, psychotherapy, government, banking and even life coaching. The idea of always making small improvements is not dissimilar to lean manufacturing, especially with the emphasis of eliminating waste.
What is Agile governance? Simply put, Agile governance is a way to maximize the flow of value within an organization in the fastest way possible. In small, lean startups, there aren’t a lot of legacy processes and systems in place to overcome, and your teams are small and conducive to an Agile governance model.
Predictive, agile, and lean/Kanban can be viewed as the corners of a triangle with a near-infinite array of options. Lean/Kanban. Lean/Kanban Lean and Kanban are a set of principles and practices, dating back to the 1950s, originally developed by Toyota. Lean focuses on delivering value and eliminating waste.
Kanban is from Japan, originating in the factories of the Toyota car company in the 60s as a lean manufacturing tool for workflow and inventory management. For one, both are ideal for lean and agile projects, limiting work in process and favoring a continuous scheduling flow as opposed to pushing through a schedule. What Is Kanban?
Next you want to establish a list of what the business needs to do, how will it do it and what is the appropriate organization and governance to structure and oversee that process. This is founded on a lean execution that responds immediately to feedback without sacrificing quality.
There is a chance that processes lean too far in the other direction too. Big complex projects need big, complex structures to support them with all the governance, oversight, and process that implies. Everyone needs to know what is required from them so they can work to the right level of structure. Processes are too bureaucratic.
The Disciplined Agile (DA) principles were recently refactored and as part of this refactoring, a principle was added: “Organize Around Products/Services” While it is just one of the eight principles, this new one aligns very well with lean thinking.
Lean Portfolio Management (LPM) involves connecting strategy to execution by using lean principles. What Are The Key Components Of Lean Portfolio Management? The lean portfolio leadership team creates the goal of your company. How To Put Lean Portfolio Management Into Action? What is LPM? LPM operations.
LPM also known as Lean Portfolio management, refers to how senior leadership uses lean principles and systems thinking approaches to align strategy with execution. Portfolio management teams apply these principles and approaches to strategy and investment funding, Agile portfolio operations, and governance.
Structure, Governance, Metrics. After becoming acquainted with lean thinking, I started to notice things that I hadn’t really noticed before. One of the things that attracted me to LeadingAgile was the emphasis on structure, governance, and metrics. It’s the governance of all your work. Governance.
Managing a distributed project team takes real skill and a definite commitment to putting a governance structure in place that enables success. Delivering Project Success via Good Governance. Governance is nothing more than how a project will be controlled to deliver intended outcomes.
So backlog at scale is fundamentally governance. And I know governance is a big heavy word and we don’t like to use it, but governance is basically how we make priorities, prioritization decisions, and how we make economic trade-offs in the face of scarce resources. So governance is not ugly. That’s all.
Predictive, Agile, and Lean/Kanban form the boundaries. Lean/Kanban. The principles of Lean and Kanban can guide this process, eliminating waste and delivering value with the shortest sustainable lead time. By Alan Zucker July 17, 2024 We should view project management approaches as a palette of options. Agile (Scrum).
This blog is part of a series on Lean portfolio management for the enterprise. If you haven’t already, we recommend reading: Part 1: What is Lean Portfolio Management? Part 2: Lean Portfolio Management: Lean Budgets and Investment Funding. Lean-Agile Center of Excellence (LACE).
This includes “unlearning” how you have done things before, especially for PMOs focused on traditionally strict governance, rigid processes, and a project focus. Peter responded that even some of the most rigid, governance-led organizations are moving at unbelievable speeds in a sensible manner. Can you go over Lean versus Agile?
But keeping teams as lean as possible reduces the number of hand-offs, communication overhead, and complexity. . OKRs, Lean UX, and Design Thinking have challenged our notions of what value is, moving many of us from an output to outcome view of the world. Keep teams and endeavors as small as possible.
They will also benefit if the higher levels of trust which result from increased transparency encourage enterprise groups to lean out governance requirements by focusing on the few outliers rather than punishing the majority.
But many successful PMOs have evolved beyond governance and control to helping their company reach higher levels of organizational project management maturity, and increasing agility should be complementary and not contradictory to this pursuit. Examining their own operational processes and leaning them out as much as possible.
This book describes why students, parents, business leaders, major corporations, and world governments all see immediate results with Personal Kanban. 31 pages, ET to read: 50 min, Published July 19th, 2012 by Lean-Kanban University). Scrumban and Other Essays on Kanban Systems for Lean Software Dev. By Don Reinertsen.
It focuses on how PMOs should evolve in the context of four dimensions of modern PPM: Empowered Teams Adaptive Portfolio Planning and Funding Flexible Capacity Planning Enhanced Visibility and Streamlined Governance. Enhanced Visibility and Streamlined Governance. In the meantime, here is a short summary of all four dimensions.
If governance committees aren’t selecting the right projects which are in alignment with strategic objectives, and only kicking off as many projects as can be effectively staffed, it won’t matter how efficient, empowering or customer-centric the organization’s delivery practices are.
Checks and balances are required but these should be done in the spirit of leangovernance rather than of micromanagement. There also does need to be some validation that the team isn’t violating any policies. Finally, the team needs to have the discipline to document their decisions.
Galen Low Galen Low, a client services professional and agile project delivery specialist, has over 13 years of experience shaping human-centered digital transformations across sectors like government, healthcare, and retail. With expertise in agile transformation, she helps teams adopt practices like Scrum, ScrumBan, Kanban, and Lean IT.
Our governance model and team design may look a little complicated at first glance. In this presentation, our Chief Methodologist, Dennis Stevens will remove the noise and walk you through our governance model and team design to help you better understand the LeadingAgile system of delivery. View Dennis’ System of Delivery Deck.
We always want to lead disruptive, innovative, sexy projects but just because you are working on a mandatory project doesn’t mean that your team members can’t express their creativity, especially in coming up with lean solutions to the minimal requirements. If so, why wouldn’t you want to support it?
Also, organizations that embrace the whole digital product view still need help governing the ongoing process. They describe the factors at play and provide ideas for guidance around planning, funding, staffing and governance. It is in the rebranding of tradition lean metrics that I struggle to recommend the book wholeheartedly.
Rodolfo De Acutis is the Global PMO Lead for R&D (all categories) leading the implementation, governance, and continuous improvement of Project Management Offices (PMOs) across all R&D Centers. Dr De Acutis is certified in PMP-PMI, Green and Black Belt Lean 6 Sigma. He has a master’s degree in chemistry and a Ph.D.
It's not always about the individuals or the teams, but rather the system that governs them. These are the kinds of issues that lean-agile practitioners are passionate about. Many teams, like yours and mine, grapple with the complexities of delivering modern software. NKDAgility can help!
Without this, there is likely to be no consistency between product or project-based pods which will make it that much harder to enable a self-serve, leangovernance and oversight model. Usability.
A friend of mine asked me on twitter what my 3 main things I’ve learned teaching my Lean Change Agent workshops and what the main takeaways from attendees were. First, How Lean Change Agent Came to Be. The inclusion of Lean Change Management in Harrisburg University’s change course. How this Post is Constructed.
Your Outdated / Archaic Tech May Be Already Costing You In January 2025, a new government report claimed that archaic tech meant that the public sector was missing out on 45 billion annual savings. The Government has pledged to use digital tools, AI and common sense to overhaul public sector technology so it saves money.
Even in organizations where teams were already practicing Agile, it was common for senior leadership to favor the more traditional portfolio management due to their comfort with detailed project plans and heavier governance. Agile teams are largely self-governing. Compare this with the outcome-based approach of Lean-Agile practices.
Agile governance is a process that focuses on bringing the most value by focusing on what matters. Good governance ensures that the policies and decision-making process align with successful delivery when you incorporate agile in your organization’s strategic goals through projects and programs. What is Agile Governance.
Governments, businesses and NGOs have aspirational goals. Business Strategy / Lean Canvas. Grand ideas, visions are everywhere. However, the larger the goal, the higher the chance that the original intention gets lost while being passed through the structural layers of the organization. Opaque measure of progress . Goal Examples.
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