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Use code LEARN22 at checkout for 22% off your training courses. Offer available until 1/31/2022. Not valid for SAFe®, Scrum Alliances, and partner delivered courses.

Lean Portfolio Management Boot Camp (ICP-LPM)

Investing limited resources to achieve maximum value requires a holistic big-picture view – a Portfolio Management approach. It also requires being nimble – responding to challenges, capitalizing on what is learned, and staying ahead of the competition. It requires Lean Portfolio Management (LPM).

You don’t have to choose between disciplined Portfolio Management and agility. Whether the products or services you’re building are for sale in the marketplace, necessary to achieving your mission, or enablers of internal operations, you can manage your investment portfolio in an agile and lean way.

Do you already do Project Portfolio Management (PPM)? We’ll show you how to transform your approach so it can be as responsive as your organization needs to be.

Are you new to Portfolio Management? We’ll show you how to avoid progress-stifling bureaucracy while embracing the discipline your organization needs.

In this boot camp you’ll learn how to establish portfolios that are far more than collections of projects; Portfolios that are an expression of the organization’s mission; That focus funding where it does the most good; That enable governance to ensure maximum value for money.

You’ll learn how to evaluate all the great ideas for projects, decide where to place your bets, validate the value propositions and focus on-going funding to proven winners. You’ll learn how to achieve the delicate balance between keeping current efforts going and pivoting to new ideas.

And you’ll learn to do all of this the Lean way: Avoid Waste. Minimize Work in Progress (WIP). Optimize Batch size. Achieve Flow. Continuously improve.

LPM provides the perfect context for Agile development. And it capitalizes on key Agile ideas like Minimum Viable Product (MVP), focus, and iterating.

IC Agile Lean Portfolio Management Certification

And as if all of that wasn’t enough, at the completion of this boot camp, you’ll receive the Lean Portfolio Management certification from the International Consortium for Agile (ICP-LPM).

Available formats for this course
In-Person
Live Online
Private Team Training
Duration
2 days/16 hours of instruction
Public Classroom Pricing

Starting at: $1495(USD)

$1950(CAD)

GSA Price: $1385

Group Rate: $1395

Part 1: What Problems Does LPM Solve?

  • Align Work to Organization Strategy
  • Use Limited Resources for Maximum Value
  • Increase Decision-making Velocity
  • Adapt to Changing Needs
  • Enable Agile Execution
  • Ensure Value Delivery

Exercise: Brainstorm problems you have that LPM could fix

Part 2: The LPM Framework

  • Build Portfolios of Products (Not Projects)
  • Link Portfolios to Strategy
  • Intake, Fund & Prioritize Work
    • Participatory Budgeting
  • Oversee Work
  • Govern Portfolios
  • Align With Lean Principles
  • Use Lean Startup to Prove Value of Work

Exercise: Contrast LPM vs. the approach we use

Part 3: Establish Portfolios

  • Distill Mission into Strategic Themes
  • Define Objectives for each Strategic Theme
  • Quantify Key Results for each Objective
  • Map Products/Solutions to Strategic Themes
  • Arrange Products/Solutions into one or more Portfolios
  • Define Each Portfolio:
    • Brainstorm the Portfolio Vision
    • Document the Portfolio Canvas (Current State)
    • Agree on the Portfolio Canvas Desired Future State
    • Brainstorm Epics to get us to the Future State
    • Create a Portfolio Kanban
    • Establish Lean Budget Guardrails

Exercise: For your own organization, Map Strategic Themes to Portfolios

Part 4: Triage Incoming Work Ideas

  • Determine: Manage at Portfolio Level?
  • Document as an Epic (Deliverable)
  • Assign an Epic Owner
  • Build the Lean Business Case
    • Solution Alternatives
    • Affected Value Stream(s)
    • Benefit Hypothesis(es)
    • MVP that proves Hypotheses
    • Rough Cost Estimate for MVP
    • Rough Cost Estimate for Entire Epic
  • Approve Epic for Budgeting

Exercise: Write Epics w/Lean Business Cases

Part 5: Budget for the Work

  • Overview of the Budgeting Process
  • Short Funding Cycles
  • Inputs to the Budgeting Process
    • Participatory Budgeting Event
  • Analyze Participatory Budget Results
  • Adjust Value Stream Budgets

Exercise: Plan the Budget Cycle for a Portfolio

Part 6: Minimum Viable Product

  • (When Agile Team has capacity)
  • Pull Approved/Budgeted Epic
  • Plan, Build MVP with Epic Owner
  • Deploy finished MVP, collect data
  • Pivot/Persevere/Stop Decision
  • Persevere: Prioritize w/other work

Exercise: Decompose MVP into Stories

Part 7: Manage the Portfolio

  • Maintain a Unified Portfolio Roadmap
  • Coordinate work across Value Streams
    • For Business Benefits
      • for Technical Reasons
      • for Cadence & Efficiency
      • Ensure Integration often
  • Work with Agile Teams:
    • Decompose Epics into Features & Stories
  • Plan Release & Deployments

Exercise: Identify Coordination opportunities among Value Streams

Part 8: Portfolio Governance

  • Governing the Portfolio
  • Managing Risk, Conflict, Variance
  • Lean Portfolio Metrics
  • Portfolio Performance Metrics
  • Value Stream Metrics
  • Incremental Quality/Security/Compliance

Exercise: Identify Valuable Portfolio Metrics

Part 9: Adopting Lean Portfolio Management

  • Move to a Product Team Structure
  • Fund Value Streams (not Projects)
  • Use Rolling-Wave Plans & Budgets
  • Match Work to Value Stream Capacity
  • Develop Incrementally
  • Prove Hypotheses with MVP First
  • Continuously Improve LPM

Exercise: Map your LPM Journey

Individuals who would benefit from attending this course include:

  • Product Owners
  • Product Managers
  • Project Managers
  • PMO (Project Management Office) members
  • Senior Executives and Managers

  • Establish complete portfolios that focus on fulfilling your companies mission, expanding governance, and direct funding where it will do the most good
  • Learn how to do this allocation the Lean way. Avoid waste, minimize work in progress, optimize batch size, and continuously improve
  • Understand what Agile Development truly means and how LPM can help you achieve it in your organization

Lean Portfolio Management Boot Camp (ICP-LPM) Schedule

Location
Date
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There are currently no scheduled classes for this course. Please contact us if you would like more information or to schedule this course for you or your company.

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