certification of LPM
Three essential collaborations of LPM -ANSW 1. Strategy and investment funding
2. Agile portfolio operations
3. Lean governance
How does the LPM Competency align strategy with execution -ANSW By applying
Lean and systems thinking approaches
to strategy and investment funding, Agile portfolio
operations, and governance.
What are the seven core competencies? -ANSW Organization Agility
Lean Portfolio Management
Agile Product Delivery
Team and Technical Agility
Continuous Learning Culture
Enterprise Solution Delivery
Lean-Agile Leadership
What are the two primary aspects of a Lean-Agile Mindset -ANSW Thinking Lean with
the SAFE House of Lean
Embracing Agility with the Agile Manifesto
What are the components of the SAFE House of Lean? -ANSW Respect for people
and culture
Flow
Innovation
Relentless Improvement
What are the 4 components of the Agile Manifesto? -ANSW Individuals and
interactions over process and tools
Working software over comprehensive documentation
Customer collaboration over contract negotiation
Responding to change over following a plan
Which lean-agile principles apply to the Lean Portfolio Management? -ANSW Take an
economic view
Base milestones on objective evaluation of working systems
Visualize and limit WIP, reduce batch sizes and manage queue lengths
Decentralize decision-making
Organize around value
, What are the components of take an economic view? -ANSW Delivery early and often
Operate within Lean Budgets and Guardrails
Understand economic trade-offs for Solutions
Leverage Suppliers
Sequence Jobs (Epics) for maximum benefit
Empower local decision-making
How do you calculate WSJF? -ANSW Cost of Delay divided by the Job Duration (Job
Size)
What are PI System Demos used for? -ANSW Deliver objective progress, product, and
process metrics
What are the three keys to implementing flow to visualize and limit WIP? -ANSW
Visualize and limit the amount of WIP to match demand to actual capacity
Reduce the batch sizes of work.
Manage queue lengths to decrease delays, reduce waste, and improve predictability of
outcomes
Which decisions should be centralized? -ANSW Infrequent, long lasting, and have
significant economies of scale?
Which decisions should be decentralized? -ANSW Frequent, short term, and closer to
where work is performed
How do Lean Budget Guardrails help decentralize decision making? -ANSW Create
alignment for decentralized decisions with appropriate controls
What are the elements of Lean Agile Leadership? -ANSW Core Values
Lean-Agile Mindset
SAFE Principles
Implementation Roadmap
SPC (SAFE Program Consultant)
What are the results of project cost center budgets? -ANSW Slow, complex budgeting
process
Leads to utilization-based planning and execution
Low program throughput
Moves the people to the work
What are three challenges to functional silos? -ANSW Value delivery in silos is
inhibited by hand-offs and delays
Political boundaries can prevent cooperation across silos
Communication across silos is difficult