Enable Enterprise Agility with Lean Portfolio Management
Plan, fund, and deliver the value that matters most.
Realize vision to value faster
Watch Planview’s Lean and Agile Delivery solution demo to see how.
Realize vision to value faster
Drive business agility by implementing Lean Portfolio Management, value stream planning, and Agile Delivery.
Watch Planview’s Lean and Agile Delivery solution demo to see how.
Achieve Enterprise Agility with Lean Portfolio Management
Organizations today are submerged in a world of constant change. Whether it is competitors launching new product offerings, customers demanding different products and services, or the introduction of new industry paradigms, change is all around. Executives know their leadership must adopt a new way of portfolio management to stay relevant in today’s economy. Enter Lean Portfolio Management.
Unlike traditional portfolio management, Lean Portfolio Management principles allow organizations to work more effectively, reducing wasted time and effort while continuously prioritizing customer needs.
To realize vision to value faster, organizations must focus on:
- Strategic and Investment Funding: Learn how to organize funding and funding processes around key value areas.
- Agile Operations: Create teams to help drive alignment across the organization as it shifts to more lean ways of working.
- Lean Governance: Uncover how to apply Lean guardrails for value stream funding and more continuous planning.
Lean Portfolio Management for the Enterprise:
What Is It and How Is It Changing Value Delivery?
Learn how Lean Portfolio Management bridges the chasm between strategy and Agile delivery and enables organizations of all sizes to plan, fund, and deliver the value that matters most.
Challenge the market and compete to win
To deliver customer value faster in today’s economy, organizations need to disrupt the market and challenge competitors.
To do this, it’s time to consider a Lean and Agile Delivery solution that is built for scaling Agile beyond the teams, connecting strategic plans to the delivery of work. Check out the latest 2019 Gartner® Magic Quadrant for Enterprise Agile Planning Tools to better understand your choices in enterprise-level Agile planning software.
Compare Planview’s Lean and Agile solution to others and learn why we are the best choice for organizations starting an Agile journey or seeking more enterprise agility. Planview’s continued investment in Lean and Agile delivery is apparent in this year’s report.
Become a challenger in your market with Planview.
Getting Started with LeanRead the ebook: Getting Started with Lean
Accelerate Lean and Agile DeliveryRead the brief: Accelerate Lean and Agile Delivery
Amplify and Expand Agile Team SuccessRead the whitepaper: Amplify and Expand Agile Team Success
Connect Agile Delivery with Strategic Planning and Lean Portfolio ManagementRead the blog: Connect Agile Delivery with Strategic Planning and Lean Portfolio Management
What is Value Stream Mapping?Read the article: What is Value Stream Mapping?
Become the Agile Leader Your Organization NeedsGet the ebook: Become the Agile Leader Your Organization Needs
What is Lean Portfolio Management?
Lean Portfolio Management for the Enterprise
Discover the three main collaboration areas for Lean Portfolio Management.Read the whitepaper: Lean Portfolio Management for the Enterprise
Enterprises today deal with constant change – from competitors launching new products to customers demanding different products and services to the introduction of start-ups in their space. To survive this fast-paced environment, many executives know their leadership must evolve from traditional portfolio management to Lean Portfolio Management (LPM).
At its core, Lean practices, when applied across a portfolio, enable organizations to validate and align on priorities to increase delivery, improve speed, produce higher quality products, and improve organizational health.
The net impact: Enterprises pivot as needed, leveraging rolling planning cycles and more flexible governance and budget models, and creating more adaptive and dynamic strategic plans.
Lean Portfolio Management is how you stay relevant in today’s fast-paced environment.
The basics of Lean Portfolio Management
The most basic way to explain LPM is this: It creates the opportunity for organizations to manage their portfolio, prioritize the highest-value work first, fund the priorities, and create feedback loops to deliver faster. Essentially, get aligned so you spend your money wisely.
Done right, Lean Portfolio Management increases enterprise agility by allowing your organization to rearchitect planning and funding processes to align to the business outcomes desired. Leaders in the enterprise are taught to look at the flow of value as a whole and focus on areas with the most opportunity. As a result, funding models and planning cycles shift to more continuous, as business units or value streams are given leeway to make decisions on how value is produced or achieved.
The impact: Entire value streams and their respective teams gain more autonomy and self-organize to deliver the highest-value work first.
What changes with Lean Portfolio Management?
The traditional approach to portfolio management centralizes control, with a heavy focus on projects. To gain approval for the project, the plans have incredible detail that requires a “best guess” as to what the value delivery will be in 12–18 months (or longer). Organizations generally keep annual planning centralized in the traditional approach, realign resources to various projects, and fund those projects based on waterfall milestones. Once the project is completed, the measurements are simply, “Did the project finish on time and on budget?” Not, “Did the project deliver value to the customer or market?”
With Lean Portfolio Management, traditional portfolio management is flipped on its head. Instead of a hefty project plan, a lightweight business case is used with just enough information to create a go or no-go decision for funding and priorities. The decision-making is decentralized with the value streams determining how they will achieve the strategic objectives of the organization.
As a result, the value stream leaders have the ultimate discretion on how best to align to the organization’s goals and satisfy specific objectives within a particular delivery window. This is a significant shift from traditional portfolio management, as stakeholders are less concerned with the individual funding of specific projects and highly invested in the outcomes produced. Lean Portfolio Management also reduces some of the exposure associated with longer cycle funding models. By funding value streams in a more incremental fashion, the organization reduces potential financial risk.
Benefits of Lean Portfolio Management
By taking small steps to implement LPM at the enterprise level, you unlock the ability to maximize value from the portfolio through iterative funding and continuous planning. LPM creates the opportunity for new ideas and organizational pivots. Innovation and delivering the highest-value work first will create the market-trust needed to up-level your organization.
Learn more about Lean Portfolio Management
What is the PMO’s role in Lean Portfolio Management?
Lean Portfolio Management for the PMO
Learn the best practices for how a PMO shepherds the enterprise-wide shift from traditional portfolio management to Lean Portfolio Management.Read the whitepaper: Lean Portfolio Management for the PMO
To stay relevant in today’s economy, organizations must shift from traditional portfolio management to Lean Portfolio Management, and the PMO plays a pivotal role. Because of where the PMO sits in the organization, they can shepherd in the change needed for organizations to succeed, connecting enterprise leadership with Agile delivery groups.
Evolving from traditional management to Lean Portfolio Management doesn’t happen overnight. It requires the PMO to employ the same logic and processes used historically to foster tight alignment between strategy, initiatives, and investments, but with less rigidity and more frequent planning reviews and cycles that create more transparency, visibility, responsiveness, and flexibility.
If the PMO focuses on the right changes, they can champion the shift to Lean Portfolio Management and show the value of their part of the organization.
- Strategic Alignment – The role of the PMO shifts in LPM to support strategic alignment by managing the cross-team dependencies and risks, providing insight and feedback to leadership and the value streams.
- Resource Management and Capacity Planning – It’s the job of the PMO to provide the organizational leadership with the information needed to ensure the value streams have the right amount of capacity to deliver value.
- Iterative Delivery or Releases – Because of where the PMO sits in the organization, they support continuous planning in LPM by maintaining alignment regardless of work management or methodology.
- Just Enough Governance – With the help of the PMO, prioritized items flow through the teams with more efficiency and speed, providing “just enough” guidance to achieve value-based delivery.
- Lean-Agile Culture Shift – The PMO must evolve from command-and-control management to servant leadership to support a shift to Lean Portfolio Management, fostering autonomy throughout the value chain.
Understanding the PMO’s role in the overall enterprise shift from traditional portfolio management to Lean Portfolio Management is imperative to the organization’s ability to achieve enterprise agility.
There’s a bold new way of working
Planview solutions make it possible by empowering you with a single line of sight across your entire organization and helping teams collaborate to create value.
Lean & Agile
Portfolio & Resource