What is one component of a Guardrail in Lean Portfolio Management?
What is one component of a Guardrail in Lean Portfolio Management?
OPTIONS
- Allocation of centralized vs decentralized decisions in the Enterprise
- Capacity allocation of the Value Stream compared to process mapping
- Participatory budgeting forums that lead to Value Stream budget changes
- Determining if business needs meet the Portfolio Threshold
Answer:
Capacity allocation of the Value Stream compared to process mapping
Explanation:
Capacity allocation is one component of a guardrail, which is a set of constraints and controls that help organizations manage risk and ensure that their operations are aligned with their goals and objectives. Capacity allocation refers to the process of determining how resources (e.g., people, materials, and equipment) are used within a value stream to support the delivery of value to customers.
Process mapping, on the other hand, is a visual representation of the steps involved in a process, used to understand and analyze how work is currently being done. It helps organizations identify areas for improvement, optimize processes, and increase efficiency.
When considering capacity allocation as a component of a guardrail, it is important to ensure that the resources within the value stream are being used effectively to support the delivery of value to customers. This requires understanding the capacity of the value stream and making decisions about how to allocate resources to support the delivery of work.
By incorporating capacity allocation into the guardrails, organizations can ensure that their operations are aligned with their goals and objectives, and that resources are being used effectively to support the delivery of value to customers. This can help organizations to optimize their processes, reduce waste, and increase efficiency.
