Lean Portfolio Management is a term that has been increasingly used in business circles, often seen as just another buzzword. Boosting Employee Engagement with Lean Portfolio Management . However, it is important to unpack what this concept really means and how it can benefit organisations looking to streamline their processes and improve efficiency.
At its core, Lean Portfolio Management is a methodology that aims to align strategy and execution by applying lean and agile principles to portfolio management. This means that organisations can better prioritise their work, focus on delivering value to customers, and increase speed to market.
One of the key aspects of Lean Portfolio Management is the emphasis on continuous improvement. By regularly reviewing and adjusting priorities, organisations can ensure that they are always working on the most important projects and initiatives. This can lead to increased productivity, higher quality outputs, and a more responsive approach to changing market conditions.
Another important aspect of Lean Portfolio Management is the focus on eliminating waste. By identifying and removing unnecessary processes, organisations can free up resources and time to focus on what really matters. This can lead to cost savings, improved efficiency, and a more streamlined approach to project delivery.
Overall, Lean Portfolio Management is not just another buzzword - it is a powerful methodology that can help organisations achieve their strategic objectives more effectively. By applying lean and agile principles to portfolio management, organisations can increase their competitiveness, improve their ability to deliver value to customers, and drive business growth.