In a historically project-based organization, a Project/Program Management Office (PMO) is often chartered to track and coordinate the delivery of projects, initiatives, and programs an organization may have in flight at any time. A different set of values, mindset, and practices are required when implementing SAFe, which requires the move from temporal projects to long-lived products and from a start-stop approach to flow-based value delivery. The label of Value Management Office (VMO) has been applied to create focus on this
Author: rebecca.davis@scaledagile.com
Enterprise Portfolio Management: Strategic Alignment and Collaboration
In today’s fast-paced business world, it is more important than ever for organizations to quickly adapt to changing economic conditions, emerging technologies, and fleeting opportunities. This response often requires a coordinated effort across multiple portfolios and business units as the entire Enterprise aligns with the work to be done. With this in mind, we are delighted to announce an important update to the Enterprise article. The new Enterprise article now describes Enterprise Portfolio Management (EPM), a strategic approach to managing multiple SAFe portfolios
Organizing SAFe Portfolios Around Value
We have updated the Portfolio guidance article! A SAFe Portfolio is a set of Development Value Streams that deliver a continuous flow of valuable solutions to customers. Enterprises with well-formed portfolios utilizing Lean Portfolio Management practices reap multiple benefits, including optimization of people’s focus, enhanced strategic alignment, value-aligned decision-making, and transparency in delivery. Additionally, the portfolio facilitates the decentralization of decision-making by providing essential funding, strategic intent, and the minimum necessary governance. It ensures that development value streams focus on building the
New Community Contribution: Improving Portfolio Outcomes with Real Options
“Never test the depth of the river with both feet.” This saying reminds us of the power of approaching uncertainty through smaller steps of progress, discovery, and adjustments. This idea is integral to SAFe and can be a key tactic to seize opportunities for innovation and growth while decreasing investment risks. Advancing Business Agility requires engagement from all business segments, including HR, Finance, Marketing, etc. Emerging capabilities are needed in finance to enable financing Value Streams and pivot or preserve