Exam (elaborations)
LEAN PORTFOLIO MANAGEMENT (LPM) QUESTIONS AND ANSWERS
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LEAN PORTFOLIO MANAGEMENT (LPM) QUESTIONS AND ANSWERS
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LEAN PORTFOLIO MANAGEMENT (LPM) QUESTIONSAND ANSWERS
What is one essential collaboration the Lean Portfolio Management function provides to
realize its responsibilities?
Strategy and investment funding
Participatory budgeting
Developing the Lean business case for Epics
Portfolio sync - Answers- Strategy and investment funding
Which of the following is a Lean Thinking principle?
Identify the Value Stream for each product
Sequence jobs for maximum benefit
Establish a decision-making framework
Deliver working software frequently - Answers- Identify the Value Stream for each
product
Benefits are realized when Agile Release Trains (ARTs) within a value stream are
synchronized to what?
A common cadence
The same Portfolio guardrails
A common deployment pipeline
The same core Epic owners - Answers- A common cadence
What is one disadvantage of project cost accounting?
Utilization-based planning
Promotes innovation
Moves projects to people
Cheaper change control - Answers- Utilization-based planning
What is an advantage of funding by Value Stream?
It is easier to get budget approvals if a Feature takes longer than expected
It is easier to calculate resource utilization planning for a PI
It is easier to track costs at the project level
It is easier to forecast expenses for a PI - Answers- It is easier to get budget approvals
if a Feature takes longer than expected
What must an enterprise do to organize the Portfolio around value?
Move from a project focus to a product and services focus
Organize Agile Release Trains by feature area
Organize Agile Release Trains by platforms and components
Move from a product focus to a solution focus - Answers- Move from a project focus to
a product and services focus
, What is an advantage of Lean Portfolio Management over traditional budgeting
processes?
Increases ability to budget the deliverables in the portfolio roadmap
Provides effective control transparency of budgetary spending
Provides effective financial control over investments with less overhead
Increases ability to adjust the portfolio's annual budget - Answers- Increases ability to
budget the deliverables in the portfolio roadmap
Which group of people has the greatest influence on developing strategic themes?
Business Owners
Value Management Office (VMO)
Epic Owners
Portfolio council - Answers- Business Owners
What input helps inform an evolving enterprise strategy?
Portfolio Context
Participatory Budgeting
Portfolio Kanban
Portfolio Canvas - Answers- Portfolio Context
Which statement is true about strategic themes?
They link a portfolio to the enterprise strategy
They are derived from objectives and key results (OKRs)
They connect multiple value streams to the portfolio strategy
They provide differentiation of solutions for the portfolio - Answers- They link a portfolio
to the enterprise strategy
Objectives and Key Results (OKRs) help support which two Core Values?
Transparency and alignment
Relentless improvement and alignment
Alignment and respect for people
Respect for people and transparency - Answers- Transparency and alignment
Which statement is true about identifying opportunities with a SWOT analysis?
It identifies strategic options to create a better future state
It helps identify the Portfolio's strategic themes
It provides input for Lean budgeting
It helps understand the current state of your Value Stream, Solution, or Portfolio -
Answers- It identifies strategic options to create a better future state
Why would a single portfolio create multiple portfolio canvases?
To explore multiple future state possibilities
To analyze multiple epics
To account for different funding sources
To account for different value streams - Answers- To explore multiple future state
possibilities
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