E133: GLTT and LPM Operate Adoption Step Episode-5

Dr. Dave's podcast episode focuses on integrating generative leadership with Lean Portfolio Management (LPM) to foster a culture of experimentation and teamwork. Key concepts include aligning enterprise strategies with portfolio execution, faster decision-making, and reducing friction. The episode outlines three significant events: monthly portfolio syncs, quarterly strategic reviews, and biannual participatory budgeting. These events help prioritize investments, evaluate new ideas, and ensure alignment with strategic themes. It discusses the importance of WIP limits, the need for consistent facilitation, and the balance between short-term and long-term investments. The episode concludes with tips for implementing LPM and the importance of an abundance mindset.

Generative Leadership and LPM Adoption

• Dr. Dave introduces the podcast, which focuses on generative leaders and their role in building trust and encouraging work ownership.
• The concept of LPM adoption and its integration with generative leadership is discussed.
• Dr. Dave mentions using Star Trek Discovery elements to explain LPM and leadership concepts.
• The importance of aligning enterprise strategies with the execution of building products or services is highlighted.

Benefits of Lean Portfolio Management (LPM)

• Dr. Dave explains the benefits of LPM, especially for large organizations with multiple portfolios.
• The alignment between enterprise strategy, technology, and business execution is emphasized.
• Faster decision-making and reduced friction between leadership priorities are discussed.
• The concept of pivoting, persevering, or stopping based on evidence is introduced.

Generative Adaptive Practice and Team Mindset

• Dr. Dave discusses the generative adaptive practice and its focus on human-centric elements.
• The importance of winning and losing as a team is emphasized, with a mindset that embraces successes and failures.
• The principle of running experiments and evaluating hypotheses is introduced.
• Agile and lean agile practices are highlighted as tools for harnessing new ideas.

Operate Step and Portfolio Kanban

• Dr. Dave explains the LPM adoption Operate step and its role in evolving the portfolio Kanban.
• The importance of aligning with investments and reviewing new ideas is discussed.
• The portfolio sync event, which happens monthly, is described in detail.
• The process of visualizing work and making it visible to all participants is explained.

Strategic Portfolio Review and Participatory Budgeting

• Dr. Dave introduces the strategic portfolio review event, which happens quarterly.
• The role of leadership in creating and optimizing portfolio solutions is emphasized.
• The participatory budgeting event happens twice a year and is described as a collaborative process for funding different solutions.
• The concept of using "Monopoly money" to understand investment priorities is explained.

Investment Horizons and Risk Management

• Dr. Dave discusses the concept of investment horizons (Horizon 0, 1, 2, and 3) and their importance in managing risk and investments.
• The balance between near-term opportunities and long-term strategy is highlighted.
• The importance of guiding investments by horizons is emphasized.
• The process of making choices about investments and managing risk is explained.

Tips for Implementing LPM Operate Step

• Dr. Dave provides tips for implementing the LPM operate step, including establishing flow and setting WIP limits.
• The importance of not overloading teams with too many tasks is emphasized.
• The role of coordination between value streams and solution teams is discussed.
• The importance of lean budgeting and making informed investment decisions is highlighted.

Conclusion and Next Steps

• Dr. Dave thanked the audience for joining the podcast and learning about implementing the LPM adoption Operate step.
• The importance of running experiments and evaluating hypotheses is reiterated.
• The concept of winning and losing as a team is emphasized again.
• The next steps in the LPM adoption process, including the Govern step, are mentioned.

Resources and Further Learning

• Dr. Dave mentions the availability of his podcast on various platforms and the video on LinkedIn.
• He recommends his books on generative leadership and other related topics.
• The audience is encouraged to check his books and other resources for further learning.
• Dr. Dave concludes the podcast by reminding us of the importance of an abundance mindset in building a thriving organization.