Over the past few years, many organizations have been adopting Lean Portfolio Management, the methodology that applies Lean and Systems thinking approaches to strategy and investment funding, Agile portfolio operations, and governance. You may have wondered if this practice could help your organization, especially during the challenges of the annual planning process.
One of the biggest differences between Lean Portfolio Management and traditional PPM is the way finances are analyzed, tracked, and governed. Lean Portfolio Management can transform your financial planning process from a less effective annual budgeting season into a more streamlined continuous cycle. Here are five improvements that can be realized by incorporating Lean-Agile thinking into your organization’s financial planning: