Every organization strives to maximize the return they realize on their portfolio(s). This involves: trying to balance the current demands of their organization and predicting the future trends of the market; establishing an effective strategy, executing to realize that strategy and adjusting things along the way. Simple right? The body of knowledge around Lean Portfolio Management (LPM) provides principles and guidance to help organizations mature these abilities. However, at times it may seem like an insurmountable effort for an organization to get started effectively leveraging LPM, much less mature to a point where they are outpacing the competition on a consistent basis.
While we can’t make you LPM masters in one session, we can help you better understand the challenges your organization is facing by considering systems thinking; look for the root causes of the challenges; and applying the approach Chip and Dan Heath outlined in their book “Switch. How to change things when change is hard.”
Martin Olson and Jane Tudor are both SPCT’s and founding members of Scaling Matters, LLC.