Abstract
The world is changing rapidly, and customer expectations are changing just as quickly. The speed of change encourages companies to invest heavily in digital and agile transformations that scale and bring the benefits of agile teams to the enterprise level. However, few people achieve the desired results. To fully implement digital or agile transformation, commercial and technology teams must achieve and maintain consistency. Full company-wide consistency is a critical condition for competitiveness in today's economy. The difficulty of combining agile teams into an agile company is the resulting gap between the teams that do the work and the teams that distribute the funding. To bridge this gap, managers need the ability to: - increase visibility-visually present work in backlogs (for plans) and demos (for new solutions); - understand the workflow – analyze step-by-step results to assess progress towards achieving the final results; - optimize investment-change strategy or persistently follow a plan, reallocating funds to maximize the delivery of value. In an effort to achieve and maintain consistency, companies often find that traditional portfolio management methods are ineffective. Instead, many implement Lean Portfolio Management techniques to ensure consistency across the organization. The Lean Portfolio Management (LPM) methodology describes the principles of lean management that top management applies to align strategy with execution. Portfolio management teams study the company's strategies and allocate budget funds to implement this strategy. Like any portfolio, an LPM investment portfolio can be creatively defined as well as actively managed throughout the investment lifecycle. LPM focuses on aligning agile development with business strategy and creating value for customers through product and solution development. LPM in combination with agile development methods allows you to increase the flexibility of your business.
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