How to
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make your business stick out
Business Driven Development (BDD) is happy to offer a training concept where we will share the responsibility for business outcomes with our clients.
Summary
What is the value of being able to deliver a product before your competitors? How do we avoid investments in market failures`?The aim of this course is to support the setting-up of Lean Portfolio Management (LPM) for your enterprise or a full-fledged business unit. LPM is significantly different from “traditional” portfolio management as it has much shorter learning cycles and incorporates entire value streams in a flow-based system.
Many organizations implement Lean-Agile ways of working on Team and Value Stream levels, whereas the top executives keep on doing business planning more or less unchanged. A so-called Portfolio implementation on a level without the ultimate authority could lead to a mismatch in the ways the business development is lead.
Portfolio management is about strategic choices for your business. The choices on portfolio level are not just about how to run the business, but also where to compete. For example, you need to consider market positioning, diversification, technology disruption, investment horizons, and many other areas in the responsibility of business managers and executives who understand the enterprise’s financial, technical, and business contexts.
In this course, you will learn the most critical and practical aspects of Lean Portfolio Management, and you will get the opportunity to align your strategies with Value Stream funding and Lean Governance. Unlike open classes and other off-the-shelf courses, exercises will target your environment, and you will get the time to create real content as well as setting up your organization.
When innovation and speed are essential, one of the best ways is to get the right people together and provide guiding facilitation. Therefore, this course is only applicable as an in-house event where all attendees are physically present. The length of the training is flexible, but you need to give full attention.
The backbone of the course is the 3-day concept of Lean Portfolio Management course created by Scaled Agile. With the option of, up to, two extra days, there will be room for extended workshops and additional knowledgeThe scope is 3.5 days packed with hands-on theory, creative workshops, and decision-making. A combination of a proven Lean-Agile framework and practical experience will make your business perform at a much higher level than most organizations.
The course days are further amplified by a at least one preparation day, intended to make sure that the needed prerequisites are in place. The training cannot be carried out unless there is a mutual agreement that the necessary preconditions will be fulfilled.
A cost price, in combination with an optional value-based price, will ensure the training will not just be an expense for you. This pricing model means that there is a compelling mutual incentive to achieve measurable business benefits. Without business benefits, the course fee will be market record low. However, when you can observe sustainable improvements, you possibly potentially want to pay an additional fee, calculated as a fraction of the value increase.
Certification
After completing the course, the attendees will be able to become a Certified SAFe® Lean Portfolio Manager. To acquire a certificate will support the learning to work under a higher degree of uncertainty, and yet deliver innovative solutions much faster. More information can be found in the following link at https://www.scaledagile.com/certification/courses/lean-portfolio-management/
Target Audience
The setup of the training is aimed at business managers and executives who understand the enterprise’s financial, technical, and business contexts and who has the ultimate responsibility for the business outcomes.
The overall objective is the collective knowledge and the value creation of the whole group.
“the LPM function has the highest level of decision-making and financial accountability for the value streams and solutions
The people who fulfill the LPM function have various titles and roles and are often distributed throughout the organization’s hierarchy. Because LPM is critical to the Lean Enterprise, these responsibilities are held by business managers and executives who understand the enterprise’s financial, technical, and business contexts. They are the people who are responsible for their outcomes.”
Course details
Pricing
The price is based on the following items:
A fee of 10.000:- SEK per class and course day held by one senior Safe Program Consultant.
A cost price for course material of 400:- SEK per attendee.
A cost price for a certification fee of 396:- USD per attendee. Certificates will be administered and issued by Scaled Agile inc.
A cost price for eco-friendly travel and accommodation expenses when events are held outside the Gothenburg area.
An optional portion of the value that you gain by attending this course and taking action.
The portion of the value will be up to your calculation. There will be no legal obligations or demands to pay anything else but the course fee + specified cost prices. However, BDD expects that any organization willing to invest in training, including work time, have a plan to make the most out of the knowledge achieved. How much the training has contributed to value creation will be of your judgment alone.
Example price calculation with 20 attendees and USD currency exchange rate at 10.6 will give a price of 115.952:- SEK [(6000 x 4) + (20 x 400) + (20 x 396 x 10.6)]. In the follow up after one year, you can see an increased Gross Profit Margin of 20 million SEK annually and decide to pay 1% over two years as royalty to BDD. In total, the paid value-based portion is 400.000:- SEK. In a situation where there is no evident business value, the value-based portion will be zero.
Because of the mutual interest to maximize outcomes of the training, BDD will work together with you to define appropriate measures to demonstrate actual value gained.
Topics Covered
The concept of Lean Portfolio Management (LPM)
Strategy and Investment Funding
Agile Portfolio Operations
Lean Governance
Implementing the LPM function
Prerequisites
To be able to take advantage of the training, there needs to be a group of people who have business responsibility for one or several solutions. This responsibility means that you together can fully own the priority of what a Product Development organization will deliver on its own. The organization may consist of 10 to 1000 individuals in any business.
Your mission should be defined and connected to the architecture of both products and organizational design. Value Streams and Modularization are critical elements to understanding how the mission will be accomplished.
A description of Product Management and Solution Management may be found in this link at Scaled Agile Framework, where vital concepts such as Value Stream, Solution, and Responsibilities are explained. Everyone participating in this course should have attended at least one SAFe course, and you must be prepared to operate according to the description in SAFe.
For your organization as a whole, there should exist a well-communicated vision followed by a corporate strategy, including measurable objectives. You need to have an agreed view of the market and where you want to position yourself as a company. All exercises of the training will be based on your business targets, and it is no option to start the training before they are clear.
The facilities for the training should include a large room equipped with a projector, whiteboard, wall space, flipchart tripods, and flexible tables. The general guideline is at least 3 square meters per person.
Outline of the training concept
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You will start by filling out a questionnaire that will give the first guideline of areas that are most vital to address.
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A general agreement on a partnership around the specific value delivery. You should have an idea about your key metrics, the target state of your Lean-Agile transformation, and who has the authority of the results.
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outcomes
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The order and assignment to perform the training: mutual agreement of the partnership and a training plan.
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A Four-day course and workshop to expand your knowledge and create your way forward. A dedicated person must be assigned to manage and save the resulting material.
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Follow up and evaluation: certification studies and practical work leading to valuable results.
Scope
This training is dedicated to Agile Product Management. It is not an in-depth organization building oriented course, where you learn about setting up Agile Teams, lead the Agile transformation, and many other skills.
Instead, the scope is related to the customer perspective and how to be able to stand out in an uncertain and maybe shrinking market. Your ability to experiment and continuously update the solution, product, or service, is the critical target.