Lean Portfolio Strategy Part 4: Picking the Right Tool for the Job
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The document outlines a webinar on lean portfolio management, focusing on strategies like the use of OKRs and the organization into value streams. It includes discussions on managing epics and future financials in portfolio management, as well as details on tools and processes to facilitate these strategies. Attendees are encouraged to ask questions and connect with the speakers for further engagement.
Lean Portfolio Strategy Part 4: Picking the Right Tool for the Job
- 1. ©2021 Cprime, Inc. All rights reserved and no copying without express written permission. WWW.CPRIME.COM | 877.800.5221
- 2. ©2021 Cprime, Inc. All rights reserved and no copying without express written permission. Lean Portfolio Strategy Part 4: Picking the Right Tool for the Job
- 3. ©2021 Cprime, Inc. All rights reserved and no copying without express written permission. HOUSEKEEPING ITEMS Audio is streamed through your computer speakers, so make sure your audio is on and turned up. The recording and slides will be sent to everyone via email within 24-48 hours after the webinar concludes. Submit questions any time during this presentation via the Q&A box on the bottom panel of your screen.
- 4. ©2021 Cprime, Inc. All rights reserved and no copying without express written permission. OUR SPEAKERS Michiko Quinones Jira Align Consultant Jesse Pearlman Delivery Manager, Business Agility Jessica Wolfe Business Agility Strategy Consultant
- 5. ©2021 Cprime, Inc. All rights reserved and no copying without express written permission. AGENDA 01 STRATEGY 02 VALUE STREAMS 03 EPICS 04 FUTURE OF LPM FINANCIALS 05 KEEP THE CONVERSATION GOING/Q&A
- 6. ©2021 Cprime, Inc. All rights reserved and no copying without express written permission. 6 ©2021 Cprime, Inc. All rights reserved and no copying without express written permission. Overview
- 7. ©2021 Cprime, Inc. All rights reserved and no copying without express written permission. THINGS WE SAID YOU SHOULD DO • Have a Strategy with OKRs • Organize into true Value Streams • Manage your Epics as Small testable things • LPM Financials OVERVIEW WHERE TO DO THEM IN JIRA ALIGN • Objective Tree Key Results, Key Results Trending • Portfolios as Value Streams Portfolio Canvas Portfolio Room Roadmap – slice by Product • Epic Features Hypothesis on the Intake Tab Why Button Portfolio Kanban with Pivot/Persevere • Future of LPM Financials Spend Panels Estimates
- 8. ©2021 Cprime, Inc. All rights reserved and no copying without express written permission. 8 ©2021 Cprime, Inc. All rights reserved and no copying without express written permission. Strategy
- 9. ©2021 Cprime, Inc. All rights reserved and no copying without express written permission. USE OBJECTIVES TREE FOR MEETINGS AS AN INFORMATION RADIATOR Deliverable Measure Work Progress
- 10. ©2021 Cprime, Inc. All rights reserved and no copying without express written permission. 10 ©2021 Cprime, Inc. All rights reserved and no copying without express written permission. Value Streams
- 11. ©2021 Cprime, Inc. All rights reserved and no copying without express written permission. USE THE PORTFOLIO CANVAS
- 12. ©2021 Cprime, Inc. All rights reserved and no copying without express written permission. Portfolio-> Portfolio room The Portfolio Room is an information radiator that helps the Portfolio Leadership team track their decision-making from several perspectives: Financials/Resources/Execution PORTFOLIO ROOM
- 13. ©2021 Cprime, Inc. All rights reserved and no copying without express written permission. ROADMAP The Roadmap gives managers a fast, visual representation of how work is progressing within a given Program Increment for their Release Train The Roadmap is configurable • Columns • Filters • Milestones and Objectives • Work Object Levels • Sprint by Program Increment • Month by Quarter ©2020 Cprime, Inc. All rights reserved and no copying without express written permission. 13
- 14. ©2021 Cprime, Inc. All rights reserved and no copying without express written permission. 14 ©2021 Cprime, Inc. All rights reserved and no copying without express written permission. Epics
- 15. ©2021 Cprime, Inc. All rights reserved and no copying without express written permission. EPIC: COMPLETE THE INTAKE, BENEFITS, AND VALUE TABS Filling out the epic details and Benefits tab populates the “Why” Button
- 16. ©2021 Cprime, Inc. All rights reserved and no copying without express written permission. PORTFOLIO KANBAN COLUMNS/STATES Funnel Portfolio Backlog Implementing Done Review Analyzing New Ideas Go/No Go decisions WIP Limit is applied in each column and prioritization is done Pivot or persevere decision is taken based on the metrics Stakeholder collaborate to review the idea • • • • • • • •
- 17. ©2021 Cprime, Inc. All rights reserved and no copying without express written permission. PORTFOLIO KANBAN EXIT CRITERIA • • • • • • • • FUNNEL REVIEWING ANALYZING PORTFOLIO BACKLOG IMPLEMENTING DONE All big ideas are captured, such as: • New business opportunities • Cost savings • Marketplace changes • Mergers and acquisitions • Problems with existing solutions • Refine understanding of the epic • Create the Epic Hypothesis Statement • Calculate WSJF • WIP limited • Solution alternatives • Refine WSJF • Cost estimates • Define MVP • Create Lean Business Case • Go/no-go decision • WIP limited • Epics approved by LPM • Periodically re-prioritized using WSJF • Pulled by teams when available ART capacity exists MVP • Build and evaluate MVP • Pivot or persevere decision made Persevere • Affected ARTs or Solution Trains reserve capacity for the epic • Continue feature implementation until WSJF determines otherwise • Done when LPM governance is no longer required Pull when an Epic Owner is available Pull when an Epic Owner has capacity Pull when approved by LPM Pull when train capacity and budget available Pull when MVP hypothesis proven true Pull when Epic is no longer a portfolio concern
- 18. ©2021 Cprime, Inc. All rights reserved and no copying without express written permission. BACKLOG/KANBAN/PROCESS STEPS
- 19. ©2021 Cprime, Inc. All rights reserved and no copying without express written permission. 19 ©2021 Cprime, Inc. All rights reserved and no copying without express written permission. Future of LPM Financials
- 20. ©2021 Cprime, Inc. All rights reserved and no copying without express written permission. SPEND BY PROGRAM
- 21. KEEP THE CONVERSATION GOING… • Connect with our speakers on LinkedIn • Check out Cprime upcoming webinars, read our blog, download whitepapers/case studies & more: • www.cprime.com/resources • Share with us what topics you are interested in, ask us questions or give us feedback! • learn@cprime.com
- 22. FOLLOW US ON SOCIAL MEDIA Share in the conversation & keep updated on thought leadership, events & more! on LinkedIn, Twitter, Facebook, & YouTube
- 24. QUESTIONS? WWW.CPRIME.COM | 877.753.2760 THANK YOU WWW.CPRIME.COM | 877.800.5221