PAL-EBM : Bridging the gap between Portfolio Management and Business agility using EBM

After learning and working in several years in portfolio management, I always wonder and eager to try out different ways in which we can apply empirical, lean and agile principles in current ways of managing portfolios and see how we are making best out of current investments at the same time having a line of sight on pursuing business benefits and overall business strategy and there by keep moving one step closer towards business agility. 

its a long journey and not going to happen in one sprint or overnight. 

hence its all about setting goal, run experiment and validate your hypothesis. Inspect and then adapt. 

if this sounds something similar then I would recommend to try out PAL-EBM (that has been released almost a week back) and validate your hypothesis. you are going to have fun with full of learnings. 

I found this thought provoking and learned different approach to think-through on achieving business agility by investing on what really matters (i.e. outcomes driven initiatives)

About Assessment 

• This is going to be 1 hour test.
• Pass Mark - 85%.
• Total question - 40
• Click here for more details.

For Preparation -

• Read EBM Guide - click here - I would recommend to take a read and make your own notes for better understanding.
• Read Investing for Business Agility ( White Paper) - I found this very useful.
• Try free assessment on EBM - read the feedback shared at the end for all the question (right and wrong questions) - click here for link
• Understand close relationship between all KVA's
• Understand EBM-PM and think through from practical perspective and visualize how this can be applied to achieve business outcomes.
• Understand Innovation Investment Cycle - Try to visualize how you can apply in real life. this will open up many questions for you to self-understand.
• Understand outcome based roadmap
• Click here for more details. (Suggested Resources as advised by Scrum.org) - There are amazing blogs and webinar listed here. Big thanks to Mark Noneman , Patricia Kong and Todd Miller for sharing great insights.
• Most Important - your practical experience that you have gained over period of time will play equally important role here in this journey.

In an nutshell - You have to take a Leadership-hat or someone from Portfolio Management team or as an Agile Leader who is able to take decision if your collective investment decision is able to give the outcomes/impact to your customers that you/your company is aspiring and there by taking one step closer towards achieving your overall business strategy.

And how do you do all of these ? - by practicing empiricism, running experiments and keep validating your hypothesis. Inspect the results and adapt your goals (if required).

So the question for you is - Are you investing for Business Agility ?

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Please note that these tips doesn't guarantee your achievement as these are personal to me while I was preparing and worked for me. 

These tips are from my point of view as Professional Agile Leader and I have been practicing EBM from quite some time now. (4 KVA's)

I hope these tips may help for PAL-EBM aspirants. 

Please feel free and leave a message if you have any question. Will be happy to serve the community. 

Also, Kindly share below what has worked for you so that other aspirant can also be benefited.