LEAN PORTFOLIO MANAGEMENT (LPM)
QUESTIONS WITH 100% CORRECT
ANSWERS!!
What is one essential collaboration the Lean Portfolio Management function provides to realize its responsibilities?Strategy and investment funding Participatory budgeting Developing the Lean business case for Epics Portfolio sync Answer - Strategy and investment funding Which of the following is a Lean Thinking principle?Identify the Value Stream for each product Sequence jobs for maximum benefit Establish a decision-making framework Deliver working software frequently Answer - Identify the Value Stream for each product Benefits are realized when Agile Release Trains (ARTs) within a value stream are synchronized to what?A common cadence The same Portfolio guardrails A common deployment pipeline The same core Epic owners Answer - A common cadence What is one disadvantage of project cost accounting?Utilization-based planning Promotes innovation Moves projects to people Cheaper change control Answer - Utilization-based planning What is an advantage of funding by Value Stream?It is easier to get budget approvals if a Feature takes longer than expected It is easier to calculate resource utilization planning for a PI It is easier to track costs at the project level It is easier to forecast expenses for a PI Answer - It is easier to get budget approvals if a Feature takes longer than expected What must an enterprise do to organize the Portfolio around value?Move from a project focus to a product and services focus Organize Agile Release Trains by feature area Organize Agile Release Trains by platforms and components 1 / 2
Move from a product focus to a solution focus Answer - Move from a project focus to a product and services focus What is an advantage of Lean Portfolio Management over traditional budgeting processes?Increases ability to budget the deliverables in the portfolio roadmap Provides effective control transparency of budgetary spending Provides effective financial control over investments with less overhead Increases ability to adjust the portfolio's annual budget Answer - Increases ability to budget the deliverables in the portfolio roadmap Which group of people has the greatest influence on developing strategic themes?Business Owners Value Management Office (VMO) Epic Owners Portfolio council Answer - Business Owners What input helps inform an evolving enterprise strategy?Portfolio Context Participatory Budgeting Portfolio Kanban Portfolio Canvas Answer - Portfolio Context Which statement is true about strategic themes?They link a portfolio to the enterprise strategy They are derived from objectives and key results (OKRs) They connect multiple value streams to the portfolio strategy They provide differentiation of solutions for the portfolio Answer - They link a portfolio to the enterprise strategy Objectives and Key Results (OKRs) help support which two Core Values?Transparency and alignment Relentless improvement and alignment Alignment and respect for people Respect for people and transparency Answer - Transparency and alignment Which statement is true about identifying opportunities with a SWOT analysis?It identifies strategic options to create a better future state It helps identify the Portfolio's strategic themes It provides input for Lean budgeting It helps understand the current state of your Value Stream, Solution, or Portfolio Answer - It identifies strategic options to create a better future state Why would a single portfolio create multiple portfolio canvases?To explore multiple future state possibilities To analyze multiple epics To account for different funding sources To account for different value streams Answer - To explore multiple future state possibilities
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