Why should you go for LPM Course?
We are living in a very dynamic and ever changing ecosystem. The traditional way of planning strategy, making investment targets and managing portfolios which were dependent on concepts like quarterly planning, work break down structure, and detailed GANT style project plans are no longer relevant. In place of these, there is a need to learn and practice new concepts that support de- centralized decision making, continuous value flow and planning that deliver measurable metrics and results.
Organizations that follow Lean Portfolio Management have the ability of aligning their business strategy to their objectives and values without compromising on innovation and time to market, keeping in tune with the demands of an ever changing business scenario.
Our comprehensive 3-day course on LPM is focussed on helping participants understand the practical tools and techniques necessary to implement the Lean Portfolio Management functions of Strategy and Investment Funding, Agile Portfolio Operations and Lean Governance. With tools such as the Portfolio Canvas tool participants will understand the initiatives that need to be taken in order reach a portfolio state that a company has envisioned. Along with understanding how to establish Value Stream Budgets and Lean Budget Guardrails, and measure the Lean portfolio performance, participants will also prepare for the exam to become a certified SAFe® 5 Lean Portfolio Manager (LPM).
A multi-tiered organization that is made of multiple departments with different business units often finds it difficult to align to a common business vision. With each portfolio driving to a different result and with benefits often vaguely defined and not measurable, it becomes difficult for the organization to steer the ship in one direction. Coupled with the fact that we live in uncertain business times and most of the legacy tools we have for managing portfolios tend to be inflexible, the role of portfolio management becomes tenuous.
Lean Portfolio Management focuses on collaboration between three essential portfolios that are Strategy and investment funding, Agile portfolio operations and Lean governance to ensure that the right investments are allocated to building the right things and the organization is able to meet its business objectives. This results in the following benefits:
- Happier employees, reduced turnover
- Higher productivity
- Continuous improvement and agility in team and program levels
- More frequent releases
- Reduced defects and better quality
- Improved ecosystem relationships
- Understand new tools for portfolio management
- Rapidly scale adoption of Agile in the business
- Become highly valued in the industry
- Apply LPM to financial, technical, and business contexts
- Improve governance and business outcomes
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Process Steps
Process to become LPM Certified
Step 1: Register with KnowledgeHut, a silver training partner of Scaled Agile Inc (SAI)
Step 2: Take the 3-day LPM course and get instructed by Scaled Agile instructors
Step 3: Access the exam within the SAFe® Community Platform upon completion of the course
Step 4: Take the 2 hour online SAFe® Lean Portfolio Manager Exam, which comprises of 60 MCQs
Step 5: The passing score is 70% (42 out of 60)
Step 6: Once the test is cleared, you will get Certified SAFe® 5 Lean Portfolio Manager PDF certificate
Step 7: Your certificate is valid for 1 year. To renew your membership, the fee is $295.
What you will learn
Describing Lean Portfolio Management (LPM)
Connecting the Portfolio to Enterprise strategy
Establishing the Portfolio Vision
Establishing flow with the Portfolio Kanban
Implementing Lean Budgeting and Guardrails
Establishing flow with the Portfolio Kanban
Supporting operational excellence with Agile PMO and CoPs
Coordinating Value Streams
Measuring the Lean Portfolio Management function performance
Building a plan for LPM implementation
Prerequisites
The following prerequisites will better help participants to understand the topics discussed in the workshop:
- Familiarity with Agile concepts and principles
- Attended a Leading SAFe® or SAFe® PO/PM course
- Experience working in a SAFe® environment
Who can attend
- Executives and Leaders (CIOs, CEOs, CFOs, CTOs and VPs)
- Enterprise Architects
- Product Managers and Solution Managers
- Business Unit Managers
- Program Office Personnel
- SPCs and Enterprise Agile Coaches
- Human Resources
- RTEs
- Epic Owners
KnowledgeHut Experience
INSTRUCTOR-LED LIVE CLASSROOM
Interact with instructors in real-time— listen, learn, question and apply. Our instructors are industry experts and deliver hands-on learning.
LEARN THROUGH DOING
Learn theory backed by practical case studies, exercises and coding practice. Get skills and knowledge that can be effectively applied in the real world.
MENTORED BY INDUSTRY LEADERS
Learn from the best in the field. Our mentors are all experienced professionals in the fields they teach.
ADVANCE FROM THE BASICS
Learn concepts from scratch, and advance your learning through step-by-step guidance on tools and techniques.
WATCH AND LEARN
The SAFe® 5 LPM courseware is designed to help participants gain in-depth knowledge of the course topics.
Curriculum
Learning objective:
Learn about the need for establishing a Lean Portfolio Management and how it differs from traditional portfolio management.
Learning objective:
Learn how to allocate right investments to build the right things and how to focus LPM for strategy and investment funding.
Learning objective:
Learn to apply Agile Portfolio Operations that concentrate decentralization of strategy execution to empowered ARTs and Solution Trains.
Learning objective:
Learn to forecast and budget dynamically, measure portfolio performance and coordinate continuous compliance.
Learning objective:
Learn how LPM uses collaboration between strategy and investment funding, Agile portfolio operations, and Lean governance to bring leadership together.
FAQs
The Course
Lean Portfolio Management is important for organizations who want to ensure a consistent and sustained portfolio which will not hinder innovations and quality. A sustained Lean portfolio management also helps retain employee satisfaction and ensures better collaboration between teams. Individuals who are SAFe® Lean Portfolio Manager certified will help bring in better portfolio management and sort the business which is why they are in huge demand across organizations. This course will help you aim for a first time pass of the exam and gain the credential that will set you apart from your peers in the field of portfolio management.
By the end of this course you will learn to:
- Describe Lean Portfolio Management (LPM)
- Connect the portfolio to enterprise strategy
- Establish the Portfolio Vision
- Implement Lean Budgeting and Guardrails
- Establish flow with the Portfolio Kanban
- Support operational excellence with Agile PMO and CoPs
- Coordinate Value Streams
- Measure the LPM performance
- Build a plan for LPM implementation
A candidate opting for SAFe® Lean Portfolio Management (LPM) training and certification course must have:
- Familiarity with Agile concepts and principles
- Attended a Leading SAFe® or SAFe® PO/PM course
- Experience working in a SAFe® environment
No, KnowledgeHut offers this training in the classroom format only.
Your instructors are Scaled Agile certified experts who have years of industry experience.
Finance Related
Any registration cancelled within 48 hours of the initial registration will be refunded in FULL (please note that all cancellations will incur a 5% deduction in the refunded amount due to transactional costs applicable while refunding) Refunds will be processed within 30 days of receipt of written request for refund. Kindly go through our Refund Policy for more details: https://www.knowledgehut.com/refund
KnowledgeHut offers a 100% money back guarantee if the candidate withdraws from the course right after the first session. To learn more about the 100% refund policy, visit our Refund Policy.
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The KnowledgeHut course covered all concepts from basic to advanced. My trainer was very knowledgeable and I really liked the way he mapped all concepts to real world situations. The tasks done during the workshops helped me a great deal to add value to my career. I also liked the way the customer support was handled, they helped me throughout the process.
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