Safe Lean Portfolio Management 4.6 Exam Questions (64 Terms) With Verified Definitions Updated 2024

COD: User Business Value {Ans: 1. User preferences of value 2. Revenue impact on the business 3. Potential penalty or other consequences if value is delayed}Preparation for participatory budgettibg {Ans: 1: prepare Epic content and set the context 2: gather the right people 3: Understand the budget composition}Review {Ans: - Epic Hypothesis statement - Refine understanding - Calc WSJF - WIP limit}Epics Contain Four Major Fields {Ans: 1. The Value statement 2. Business outcomes hypothesis 3. Leading Indicators 4. NFRs}Funnel {Ans: All big ideas welcome. Only potential Epics - New business opportunities - Cost Savings - Problems with existing solutions - Marketplace changes - Mergers and aquisitions}Participatory Budgeting: Inputs {Ans: 1. Business Context (like inputs to PI) 2. Potential Portfolio Epics and cost estimates (like inputs to PI but w/Epics) 3. RTB/GTB (the right balance just like feature now / enabler (then) 4. Potential Epics for each value stream w/$ estimates (Participatory budgeting is echoing line 2 and 4)}LPM {Ans: Strategy and investment funding Agile portfolio operations Lean governance}Lean Budget Guardrails {Ans: 1. Guide investments by horizon 2. Apply Capacity Allocation Planning to optimize value and solution integrity 3. Approve significant initiatives