Lean Portfolio management uses iterative process such as
extreme programming and disciplined agile delivery to enhance the effectiveness
of software projects .It ensures that all projects are planned according to the
business goals. In this type of management portfolio managers prioritize and
evaluate potential projects and they also analyze the business impact of each
program in order to define the priority within the portfolio. The most
important aspect of portfolio management is monitoring of existing project.
What is Lean Portfolio Management?
Lean Portfolio Management is an innovative
method for managing, planning, sizing and prioritizing your portfolio. In lean
portfolio Management, portfolio managers treat their projects in agile manner
and this iterative and incremental approach allows project to be rolled out in
manageable pieces. It provides more options for managing projects that you
could not consider under a traditional portfolio management. Lean portfolio
management enables quick delivery of small product enhancement and also
maximizes the return on software investments. In portfolio management it is
very crucial to identify, understand and accept the inter dependencies between
the projects to ensure that delivery of system meet the overall business
objectives of the organization.
In Lean Portfolio Management you can learn various topics
such as:
· Developing Your Business Value Buckets
· Agile/Lean Portfolio Planning Steps
· The Multitasking Problem
· Ranking the Backlog
· New Metrics to Measure
· Assigning Business Value Points
· Setting Up Your Portfolio Tracking Kanban Walls
· The Pull vs. Push Concept
· Developing Your Business Value Buckets
· Strategic Alignment & Capacity planning
· Continuous Backlog Grooming
Lean Portfolio Management reduces the project risk because
each project is examined from portfolio point of view. So we can discover
potential problems in order to meet the strategic business goals of the
organization. So if you want to learn Lean Portfolio Management to then choose
experienced professional to give high quality product to the client. Agile
Transformation Roadmap is another effective approach to implement agile
methodology in your organization.
Summary
This article includes information on Portfolio Management
and Agile Project Management .Read more to know more about this intriguing
topic.
