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Full Glossary

Foundations

Lean Portfolio Management (LPM)
The SAFe competency that aligns strategy and execution through strategy and investment funding, Agile portfolio operations, and Lean governance.
Workshop Purpose
To establish or improve LPM practices hands-on, aligning portfolio investment with strategy and value.
SAFe Portfolio
A collection of development value streams funded to build solutions for a business domain.
Three Dimensions of LPM
Strategy and investment funding, Agile portfolio operations, and Lean governance.

Strategy

Strategy to Execution
Connecting enterprise strategy to the value streams and work that deliver it.
Strategic Themes
Differentiating business objectives that connect the portfolio to enterprise strategy.
Portfolio Vision
A description of the future state of the portfolio's value streams and solutions.
Portfolio Canvas
A one-page tool capturing value streams, solutions, customers, budgets, and partners.

Funding

Lean Budgets
Funding value streams rather than projects, reviewed periodically to control spend while empowering decisions.
Guardrails
Policies guiding value stream spending — investment horizons, capacity allocation, and approvals.
Participatory Budgeting
A collaborative event allocating the portfolio budget across value streams and epics.
Investment Horizons
Balancing the portfolio across return timeframes to sustain innovation and value.

Epics

Portfolio Epic
A significant initiative requiring analysis, a Lean business case, and approval before implementation.
Lean Business Case
A lightweight case capturing the epic hypothesis, outcomes, MVP, and cost for a funding decision.
Epic Hypothesis Statement
A concise, testable statement of an epic's funding target, outcomes, and MVP.
MVP
The smallest investment that validates an epic's hypothesis with real outcomes.

Operations

Portfolio Kanban
A system to visualize and limit the flow of epics from funnel through analysis to done.
Value Management Office
An evolution of the PMO that enables value flow and facilitates LPM events.

Governance

Lean Governance
Oversight of spending, audit, compliance, forecasting, and measurement across the portfolio.
LPM Cadence
Recurring events — strategic portfolio review, portfolio sync, participatory budgeting — that keep strategy and execution aligned.
Measure and Grow
Assessing outcomes and flow to guide continuous portfolio improvement.

Applying It

Establishing LPM
Defining the portfolio, budgets, guardrails, Kanban, and cadence to stand up the LPM function.
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