Enterprise portfolio management
In a start-up, it is normally easy – at least in the beginning. But if you have multiple teams and multiple products, the question is, how can you ensure that cross-functional, autonomous teams pull in the same direction and take decisions that serve the long-term goals of your organization?
To practice lean product development, your company needs to move away from command-and-control processes to the principles of mission (Humble J., Molesky J. & O'Reilly B. 2020). This affects the portfolio management in your company:
- Budgeting: Instead of traditional budgeting for the next fiscal year, your management sets out high-level objectives across multiple perspectives and reviews them regularly. This steering can be done on multiple levels and allows the allocation of resources dynamically when needed.
- Program management: Instead of creating a detailed, upfront plan, your management specifies on a program level the measurable...
