Lean Portfolio Management: Streamlining Your Agile Strategy
In today's rapidly evolving business landscape, the ability to adapt and innovate is paramount for success. Traditional project management methodologies often fall short in meeting the demands of modern businesses. Enter Lean Portfolio Management (LPM), a strategic approach that aligns business strategy with agile development practices, enabling organisations to achieve greater flexibility, efficiency, and innovation. Understanding Lean Portfolio Management At its core, Lean Portfolio Management (LPM) is about optimising the flow of value from ideation to delivery while minimising waste and maximising efficiency. It provides a framework for organisations to prioritise and align their portfolio of initiatives with strategic objectives, ensuring that resources are allocated effectively and that the most valuable initiatives are pursued. Key Principles of Lean Portfolio Management Value Stream Identification: LPM begins by identifying the value streams within an organisation - the ...