Three essential collaborations of LPM - ANSWER 1. Strategy and investment funding
2. Agile portfolio operations
3. Lean governance
How does the LPM Competency align strategy with execution - ANSWER By applying
Lean and systems thinking approaches
to strategy and investment funding, Agile port...
SAFe Agile Lean Portfolio Manager 2023//2024 Three essential collaborations of LPM - ANSWER 1. Strategy and investment funding 2. Agile portfolio operations 3. Lean governance How does the LPM Competency align strategy with execution - ANSWER By applying Lean and systems thinking approaches to str ategy and investment funding, Agile portfolio operations, and governance. What are the seven core competencies? - ANSWER Organization Agility Lean Portfolio Management Agile Product Delivery Team and Technical Agility Continuous Learning Culture Enterpri se Solution Delivery Lean -Agile Leadership What are the two primary aspects of a Lean -Agile Mindset - ANSWER Thinking Lean with the SAFE House of Lean Embracing Agility with the Agile Manifesto What are the components of the SAFE House of Lean? - ANSWE R Respect for people and culture Flow Innovation Relentless Improvement What are the 4 components of the Agile Manifesto? - ANSWER Individuals and interactions over process and tools Working software over comprehensive documentation Customer collaboratio n over contract negotiation Responding to change over following a plan Which lean -agile principles apply to the Lean Portfolio Management? - ANSWER Take an economic view Base milestones on objective evaluation of working systems Visualize and limit WIP, reduce batch sizes and manage queue lengths Decentralize decision -making Organize around value What are the components of take an economic view? - ANSWER Delivery early and often Operate within Lean Budgets and Guardrails Underst and economic trade -offs for Solutions Leverage Suppliers Sequence Jobs (Epics) for maximum benefit Empower local decision -making How do you calculate WSJF? - ANSWER Cost of Delay divided by the Job Duration (Job Size) What are PI System Demos used for? - ANSWER Deliver objective progress, product, and process metrics What are the three keys to implementing flow to visualize and limit WIP? - ANSWER Visualize and limit the amount of WIP to match demand to actual capacity Reduce the batch sizes of work. Manage queue lengths to decrease delays, reduce waste, and improve predictability of outcomes Which decisions should be centralized? - ANSWER Infrequent, long lasting, and have significant economies of scale? Which decisions should be decentralized? - ANSWER Frequent, short term, and closer to where work is performed How do Lean Budget Guardrails help decentralize decision making? - ANSWER Create alignment for decentralized decisions with appropriate controls What are the elements of Lean Agile Leadership? - ANSWER Core Values Lean -Agile Mindset SAFE Principles Implementation Roadmap SPC (SAFE Program Consultant)
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