Manage Your Project Portfolio, 2nd Edition

Lean Approaches to the Project Portfolio

I’ve asked you to consider lean and agile approaches to your projects and the portfolio. Agile thinking is the frequent—no more than four weeks—release of valuable chunks of product. If you’re not familiar with lean, consider some of the principles of lean in Lean Thinking [WJ96], Lean Product and Process Development [War07], The Toyota Way [Lik04], and Lean Software Development: An Agile Toolkit for Software Development Managers [PP03]:

• Think in terms of value. Producers create value, but customers define it.

• Know how you create value. The value stream is how you identify the problem you want to solve, how you manage creating the solution to that problem, and how the customer acquires the solution. ...