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Agile insights from LitheSpeed
3
Feb

Flexibility is at the Core of Business Agility

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

Recall, Business Agility = Speed * Focus * Flexibility

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

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

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

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

🔸 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:

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

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

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

✅ 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.

✅ 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.