Remove Budget Remove Cadence Remove Governance Remove Strategy
article thumbnail

Project Boards and Project Steering Groups: An Introduction

Rebel’s Guide to PM

Here’s an introduction to these important groups as part of the governance framework so you can get yours set up and working on your project. A project board provides oversight and governance for the project. What you need is adequate governance for the project. What is a project board? Call your meetings anything you like.

article thumbnail

Why Your Annual Operating Plan Is A Lie and What To Do About It

Leading Agile

You prepare an annual operating plan outlining your budget and allocations every year. First, it is necessary to believe that a year is not defined by a list of projects but rather by an Investment Strategy : an organization of stable, cross-functional teams with aligned value, funded for reasonable intervals against strategic objectives.

Planning 125
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What is Lean Portfolio Management? Primary Focus | Objectives

Agilemania

LPM also known as Lean Portfolio management, refers to how senior leadership uses lean principles and systems thinking approaches to align strategy with execution. Portfolio management teams apply these principles and approaches to strategy and investment funding, Agile portfolio operations, and governance.

Lean 98
article thumbnail

How To Implement Lean Portfolio Management?

Agilemania

Lean Portfolio Management (LPM) involves connecting strategy to execution by using lean principles. Budgets are allocated to execute an enterprise’s strategy by portfolio management teams. In order to connect strategy to execution The leadership team evaluates these targets on a regular basis. What is LPM?

Lean 98
article thumbnail

Unpacking Agile Transformation: The System of Delivery

Leading Agile

It’s the process and governance mechanisms we use to manage the flow of work through the system. Think about things like how we write user stories, how we estimate work, how we run planning cadences, how we deal with technical concerns, and how we measure done. Who gets to make decisions and when.

Cadence 75
article thumbnail

Managing Project Assumptions and Risks

The IIL Blog

Our risks were identified, but a response strategy was never created. Context and environmental factors should govern process requirements, specificity, and formality. Budgets, timelines, and agreements are familiar sources. Creating unique items for each impact ensures we develop suitable response strategies.

article thumbnail

Managing Project Assumptions & Risks

Velociteach

Or risks were identified, but a response strategy was never created. Context and environmental factors should govern process requirements, specificity, and formality. Budgets, timelines, and agreements are familiar sources. Creating unique items for each impact ensures we develop suitable response strategies.