#lpmcertification

LPM or Lean Portfolio Management is the process of applying lean thinking for managing enterprises, program and product portfolios for delivering the fastest and flexible flow of higher-value work. Moreover, Lean Portfolio Management mainly focuses on the most valuable work first while controlling the work in process and reducing interruptions. LPM focuses on the alignment and achievement of the business outcome by concentrating on the work and deliverables. Well, it is a results-based approach that includes the adaptive planning in quarterly or lesser increments, higher visibility and alignment and inspection and validation of real outcomes.

Features of Lean Portfolio Management

The key features of Lean Portfolio Management are as follows:

Prioritization of the most valuable and critical activities

Without interruption quick delivery of the higher value work

Task alignment with the company’s objectives and completely inspections as well as validation of the work. 

Key Elements of Lean Portfolio Management 

Decentralized Decision

Demand management; continuous value flow

Lightweight, epic-only business cases

Decentralized, rolling-wave planning

Agile estimating and planning

Lean-Agile budgeting and self-managing Agile Release Trains

Objective, fact-based measures, and milestones

With the help of Lean Portfolio Management, it is the SAFe enterprise that can align the tactics and execute at the time of maintaining the flow of value and innovation. Among the five core competencies of the Lean enterprise, it is the LPM that is needed to get your company on the right track. You can enhance your knowledge in portfolio management and make use of skills in your work by doing an LPM certification course.

Thus, this three-day the course will serve you with the knowledge that is important for organizing around value for optimal business results, implementing Lean-Agile programs. You will be able to learn about all the building up, aligning and implementation of the several projects all at the same time, ensuring those that will fit together for achieving the strategic goals.

Through this certification you will be having complete knowledge of the principles and practices of the Framework that accelerate the Value flow and supports Lean-Agile Program Portfolio Management, Governance, Lean-Agile Budgeting, and Software Capitalization and get the resources that are necessary for implementing Lean-Agile Portfolio Management.

About LPM Certification:

LPM certification the course includes three days of interactive classroom training. Here, you get the opportunity to learn about:

The keys steps connecting the Portfolio with the enterprise strategy

Establishing the Portfolio Vision

Application of the Guardrails and Lean Budgeting

Creating the flow with the Portfolio Kanban

Planning and investment funding

Application of the Agile Portfolio Operations

Implementation of the Lean Governance

Generating a plan for the implementation of LPM  functions

Value Streams Management

The way by which LPM functions performance are calculated

In the LPM certification exam, you need to score 70% to qualify. After successfully completing the SAFe® Lean Portfolio Management Certification you will be provided with the certificate, one-year membership with the SAFe community platform as well as 24 PDUs and SEUs.

Conclusion:

Well, Lean thinking is a methodology that is used for the elimination of wastes from the activities, services or processes for improving the efficiency and the delivery of more values to the systems. In today’s business world for an organization to be successful is imperative to focus on the innovation to changing demand in the business. Therefore, Lean thinking helps the organization in meeting the changes and speeding up the decision-making processes. All organization has a portfolio of projects and so there is a need for effective planning and management to maximize ROI. LPM makes use of lean thinking to manage the large project portfolio and even creates a project pipeline. It aims to select the tasks on a fast-flexible flow basis which will deliver the highest value.