Flexibility is the third factor, along with speed and focus, that governs business agility.Β 

Recall, Business Agility = Speed * Focus * Flexibility

Agile methods are by definition flexible, with these intrinsic facets:

πŸ”Έ Short time boxed Sprints/Iterations of 1-4 weeks allow short-term adjustments to changing requirements at the end of every iteration/Sprint.

πŸ”ΈRapid release cycles of 1-3 months allow longer-term adjustments to business needs at the end of every Release cycle.

πŸ”Έ Both short- and longer-term adjustments are driven by the business, typically represented by a Product Owner.

πŸ”Έ Lean Portfolio Management facilitates flexibility at a level above teams and programs.

 

Make your planning and execution ultra flexible and responsive to business change by building in these components:

βœ… Perform Scenario Planning to consider alternate futures, and to prepare for likely contingencies.

βœ… Set up quarterly Objectives and Key Results (OKRs) to identify and measure key outcomes.

βœ… Link release increments to OKRs, and plan at least quarterly at the portfolio level with Big Room Planning.

βœ… Incorporate key elements of Lean Portfolio Management, including a Lean Budget and a Portfolio Kanban to prioritize incoming demand, and to progressively elaborate Minimal Marketable Products (MMPs) into Epics, Features and User Stories.

βœ… Set up a cross-functional, cross-hierarchy Agile Value Management Office (Agile VMO) as a team-of-teams to track and monitor the flow of work across team, programs and portfolios; and to drive organizational change.

 

Contact us to discuss your organization’s business agility journey.

Questions?