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Expand agile practices across the organization.
The most successful companies running agile at scale share three common traits. First, the entire program is iterative. Traditional portfolio management is focused on top-down planning with work laid out over long time periods, but agile portfolio management takes the concept of build-measure-learn cycles used by individual agile teams and applies it on a larger scale. Teams work together, use modular design, and share findings on a regular cadence. This results in tremendous flexibility, which shifts the focus from continuing to execute on an inflexible plan to delivering value and making tangible progress according to business strategy and goals.
Second, successful organizations communicate across the portfolio. They share knowledge and break barriers between organizational silos. Similar to agile ceremonies on the team level, context needs to be shared constantly throughout the organization so that goals, progress, and stumbling blocks are transparent for everyone. This fosters respect between teammates and coworkers alike, regardless of role within the organization, and encourages interactions that are rooted in empathy and understanding.
Third, the most agile organizations make frequent releases across the portfolio, even if a release involves the work of multiple programs. Aligned sprint cycles, work invested in strong APIs and technical decoupling, and an efficient automated testing and deployment pipeline all guarantee constant visibility into who is shipping what and when.
Share one vision, but embrace diversity.
Expand agility as you grow.
Managing your own portfolio.
1. Determine your investor profile.
This is a critical step. Among other things, determining your profile will tell you how much tolerance for risk you have. Your risk tolerance will have a big influence on your investment policy and the type of investments you choose.
To determine your investor profile , answer the following 3 questions honestly and accurately.
If you want to manage your own portfolio, a very good knowledge of the economy and stock markets is essential.
Natural disasters, political instability in the Middle East and economic problems in some countries in Europe and the United States put stock prices on a roller coaster ride in 2011. This type of situation will recur.