By rearranging work into value streams that lead to solutions, organizations can drastically optimize and streamline antiquated and ineffective portfolio management procedures. The LPM methodology promotes agility at the corporate level and integrates seamlessly with other scaled Agile processes.
LPM-based enterprise agility has several advantages as below: –
- Quicker- Increase the cadence for updates, new features, enhancements, and support, and bring new solutions to market 30–75% faster.
- Committed- Rely on cross-functional teams that are totally committed to providing value for the customer to accomplish more with less. Boost participation by 50% to 100%.
- Less Risky- By starting with the MVP and releasing feature updates on a sprint cadence, risk is reduced as small wagers are made.
- Verifiable- Everything that is introduced to the market can be tested. All levels of adjustments are supported by the system when something isn’t functioning properly.
- Superior quality- Under LPM, quality increases by 25-75% as a result of the aforementioned.