Chapter 13
Portfolio Management
IN THIS CHAPTER
Prioritizing portfolios with scrum
Applying scrum to entrepreneurial endeavors
Scaling scrum with vertical slicing, SAFe, LeSS and more
There is nothing so useless as doing efficiently that which should not be done at all.
— PETER DRUCKER
Portfolio management is the simultaneous coordination, integration, management, prioritization, and control of multiple projects and product development efforts across the organization.
The number-one issue in portfolio management is a failure of leadership to prioritize product development properly and allocate talent appropriately. This failure of leadership is masked by thrashing or moving people across several development efforts simultaneously. Communication fails, priorities get dropped, and the squeaky-wheel syndrome takes over. (The loudest stakeholder gets the most attention and resources.)
You have only one way to handle the situation of having more development efforts than you have talent: Prioritize effectiveness more than efficiency. If an organization is highly efficient but is working on the wrong features, how successful will that organization be? It’s far more critical to be effective. ...
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