As your teams develop Agile capabilities, new worlds open up at the portfolio level that allow you to actively reprioritize your investments and reallocate resources in response to rapidly changing business conditions. Your portfolios don’t follow a single, predictable trajectory so why would you make decisions about them once at the very beginning and never again?
Here, again, Agile thinking proves imperative: as your investments respond to changes in the market, you can take action by cutting losses early and redirecting resources into other products that, even after a short while, have shown promise. You closely monitor your performance on the stock market for good reason. The same level of close observation as your portfolio grows is invaluable.
Our Agile Portfolio Management Workshop will give you the essential tools you need to encourage a quick-fail paradigm so that you can focus your efforts and resources on products that show signs of success.
In this two-day workshop, you will gain an understanding of how Agile improves both the project demand and supply sides of portfolio performance. The major goals of this workshop are to learn the following:
- How to measure, in financial terms, the business improvements obtained by shortening your release cycle, including internal rate of return (IRR), reduced write-off risk, conservation of capital, and reduced cash requirements.
- How to use Agile to manage your portfolio so that you can fund programs incrementally, make future funding contingent upon short-term performance, and redirect funds from investments with poor returns into others that are performing better than expected without incurring write-off costs and delivery delays.
- How to reduce risk under highly uncertain conditions by making small bets simultaneously to explore alternatives and achieve the threshold of knowledge needed to make large capital commitments.
- Why establishing persistent Agile delivery teams leads to Lean benefits, such as continuous flow to production, reduced work in progress, and the many other business benefits of agile portfolio management.
- How to apply financial and risk controls such as business case analysis, project charters, and budgetary constraints to foster innovation and increase financial control, while avoiding a forced choice between too much risk-intolerance or too-little responsible governance.
- The potential benefits of creating a new charter for your PMO focused on fostering an Agile community of practice.
- The 5 Simple Rules of scoping portfolios.
If you’re ready for more information, please contact us below.