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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. What Are The Key Components Of Lean Portfolio Management? How To Put Lean Portfolio Management Into Action?

Lean 98
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100+ Project Management Terms: PM Terminology Explained

ProjectManager.com

B – Project Management Terms Backlog Backlog is a term from the Agile methodology Scrum, but is also used across industries to track every single thing that is needed to complete a product in development. Baseline A baseline is an estimate of the project’s scope, schedule and costs that is created during the planning stage.

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How to Fix 5 Project Management Skills Gaps

Rebel’s Guide to PM

Skill #3: Managing scope Understanding the change management process and being able to navigate your way through the changes as they hit the project – that’s a great skill to have. For some project managers, this comes naturally; for others, it’s too tempting to say ‘yes’ to everything!

Finance 319
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125 Project Management Buzzwords

The IIL Blog

Bottom-up Estimating A project estimation technique that leverages tactical-level team members/subject matter experts (SMEs) to break down tasks into smaller components to create a more accurate estimate. Lean A project management philosophy that aims to maximize value while minimizing waste.

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Industrial Psychology for Project Management

Rebel’s Guide to PM

He looks at, amongst other things, using automation to streamline processes and looks at the adoption that we are trying to implement as part of a project, and what is the desired change, and takes a much wider and holistic view of human behaviour at work. He gave the example of changing from MS Word to Google Docs.

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Impacts of traditional project funding models on agile delivery

Kiron Bondale

The challenge with all of these funding approaches is that they are based on an estimated cost of a project rather than the funding we wish to allocate to a product, capability or service. one sprint’s worth), but in most cases, project funding approval processes are not lean enough to encourage such behavior.

Agile 179
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Where to Start with Scrum? Is Value Stream Mapping Your Answer?

Scrum.org

Originating from lean manufacturing principles, VSM's relevance has expanded, becoming a cornerstone in fields such as software development. We organized a VSM session that brought together the Scrum team, change management experts, and key business stakeholders. The initial mapping session was a revelation for the team.

SCRUM 156