![Page 1: Successful Evolutionary Change of Portfolio Management](https://reader034.vdocument.in/reader034/viewer/2022051512/53f97b2c8d7f72b82e8b4945/html5/thumbnails/1.jpg)
Successful Evolutionary Change of Portfolio
Management
Pawel Brodzinski
@pawelbrodzinski
![Page 2: Successful Evolutionary Change of Portfolio Management](https://reader034.vdocument.in/reader034/viewer/2022051512/53f97b2c8d7f72b82e8b4945/html5/thumbnails/2.jpg)
Hi, I’m Pawel
Lunar Logic http://lunarlogic.io
Blog http://brodzinski.com
Twitter @pawelbrodzinski
![Page 3: Successful Evolutionary Change of Portfolio Management](https://reader034.vdocument.in/reader034/viewer/2022051512/53f97b2c8d7f72b82e8b4945/html5/thumbnails/3.jpg)
Why portfolio?
![Page 4: Successful Evolutionary Change of Portfolio Management](https://reader034.vdocument.in/reader034/viewer/2022051512/53f97b2c8d7f72b82e8b4945/html5/thumbnails/4.jpg)
A system of
local optima is not
an optimal system at all;
it is a very suboptimal system
Eli Goldratt
![Page 5: Successful Evolutionary Change of Portfolio Management](https://reader034.vdocument.in/reader034/viewer/2022051512/53f97b2c8d7f72b82e8b4945/html5/thumbnails/5.jpg)
Processing the waste
more effectively is
cheaper, neater, faster waste
Stephen Parry
![Page 6: Successful Evolutionary Change of Portfolio Management](https://reader034.vdocument.in/reader034/viewer/2022051512/53f97b2c8d7f72b82e8b4945/html5/thumbnails/6.jpg)
More than a single
project per team?
![Page 7: Successful Evolutionary Change of Portfolio Management](https://reader034.vdocument.in/reader034/viewer/2022051512/53f97b2c8d7f72b82e8b4945/html5/thumbnails/7.jpg)
Cost of context switching
Source: Gerald Weinberg, Quality Software Management: Vol. 1 System Thinking
![Page 8: Successful Evolutionary Change of Portfolio Management](https://reader034.vdocument.in/reader034/viewer/2022051512/53f97b2c8d7f72b82e8b4945/html5/thumbnails/8.jpg)
Zeigarnik Effect
Tendency to experience intrusive thought about an objective left incomplete
Source: S. Greist-Bousquet, N. Shiffman: The effect of task interruption and closure on perceived duration
![Page 9: Successful Evolutionary Change of Portfolio Management](https://reader034.vdocument.in/reader034/viewer/2022051512/53f97b2c8d7f72b82e8b4945/html5/thumbnails/9.jpg)
Teams that worked
only on a single project
were significantly better in
terms of defects density
Larry Maccherone
![Page 10: Successful Evolutionary Change of Portfolio Management](https://reader034.vdocument.in/reader034/viewer/2022051512/53f97b2c8d7f72b82e8b4945/html5/thumbnails/10.jpg)
Time to market
![Page 11: Successful Evolutionary Change of Portfolio Management](https://reader034.vdocument.in/reader034/viewer/2022051512/53f97b2c8d7f72b82e8b4945/html5/thumbnails/11.jpg)
Deadlines
![Page 12: Successful Evolutionary Change of Portfolio Management](https://reader034.vdocument.in/reader034/viewer/2022051512/53f97b2c8d7f72b82e8b4945/html5/thumbnails/12.jpg)
Expediting
![Page 13: Successful Evolutionary Change of Portfolio Management](https://reader034.vdocument.in/reader034/viewer/2022051512/53f97b2c8d7f72b82e8b4945/html5/thumbnails/13.jpg)
Meet PMO Manager: The Juggler
![Page 14: Successful Evolutionary Change of Portfolio Management](https://reader034.vdocument.in/reader034/viewer/2022051512/53f97b2c8d7f72b82e8b4945/html5/thumbnails/14.jpg)
My first experience
was this:
113 ongoing projects
for 25 developers
Klaus Leopold
![Page 15: Successful Evolutionary Change of Portfolio Management](https://reader034.vdocument.in/reader034/viewer/2022051512/53f97b2c8d7f72b82e8b4945/html5/thumbnails/15.jpg)
Why does it happen?
![Page 16: Successful Evolutionary Change of Portfolio Management](https://reader034.vdocument.in/reader034/viewer/2022051512/53f97b2c8d7f72b82e8b4945/html5/thumbnails/16.jpg)
What do we see?
![Page 17: Successful Evolutionary Change of Portfolio Management](https://reader034.vdocument.in/reader034/viewer/2022051512/53f97b2c8d7f72b82e8b4945/html5/thumbnails/17.jpg)
Excel frenzy
![Page 18: Successful Evolutionary Change of Portfolio Management](https://reader034.vdocument.in/reader034/viewer/2022051512/53f97b2c8d7f72b82e8b4945/html5/thumbnails/18.jpg)
WYSIATI What You See Is All There Is
Source: Daniel Kahneman: Thinking Fast and Slow
![Page 19: Successful Evolutionary Change of Portfolio Management](https://reader034.vdocument.in/reader034/viewer/2022051512/53f97b2c8d7f72b82e8b4945/html5/thumbnails/19.jpg)
Cost-driven decisions
![Page 20: Successful Evolutionary Change of Portfolio Management](https://reader034.vdocument.in/reader034/viewer/2022051512/53f97b2c8d7f72b82e8b4945/html5/thumbnails/20.jpg)
If you fall for
estimation as your
way of valuing projects
in the portfolio,
you are doomed to fail.
Johanna Rothman
![Page 23: Successful Evolutionary Change of Portfolio Management](https://reader034.vdocument.in/reader034/viewer/2022051512/53f97b2c8d7f72b82e8b4945/html5/thumbnails/23.jpg)
http://zsoltfabok.com/blog/2014/04/schedule-portfolio-board/ http://www.slideshare.net/NinaSchwab/the-tupalocom-kanban-story-lkse-2012 http://brodzinski.com/2012/01/project-portfolio-kanban-first-changes.html http://brodzinski.com/2012/05/project-portfolio-kanban-better-board.html http://brodzinski.com/2011/11/alternative-kanban-board.html
![Page 24: Successful Evolutionary Change of Portfolio Management](https://reader034.vdocument.in/reader034/viewer/2022051512/53f97b2c8d7f72b82e8b4945/html5/thumbnails/24.jpg)
http://brodzinski.com/2013/08/portfolio-visualization.html
Focus on one level of work
![Page 25: Successful Evolutionary Change of Portfolio Management](https://reader034.vdocument.in/reader034/viewer/2022051512/53f97b2c8d7f72b82e8b4945/html5/thumbnails/25.jpg)
Variability!
![Page 26: Successful Evolutionary Change of Portfolio Management](https://reader034.vdocument.in/reader034/viewer/2022051512/53f97b2c8d7f72b82e8b4945/html5/thumbnails/26.jpg)
WIP Limits by conversation
http://blog.brodzinski.com/2013/03/wip-limits-by-conversation.html
![Page 27: Successful Evolutionary Change of Portfolio Management](https://reader034.vdocument.in/reader034/viewer/2022051512/53f97b2c8d7f72b82e8b4945/html5/thumbnails/27.jpg)
Shifting discussion from cost and income to value and cost of delay
![Page 28: Successful Evolutionary Change of Portfolio Management](https://reader034.vdocument.in/reader034/viewer/2022051512/53f97b2c8d7f72b82e8b4945/html5/thumbnails/28.jpg)
Cost of Delay
![Page 29: Successful Evolutionary Change of Portfolio Management](https://reader034.vdocument.in/reader034/viewer/2022051512/53f97b2c8d7f72b82e8b4945/html5/thumbnails/29.jpg)
Key driver to evolution of portfolio management
![Page 30: Successful Evolutionary Change of Portfolio Management](https://reader034.vdocument.in/reader034/viewer/2022051512/53f97b2c8d7f72b82e8b4945/html5/thumbnails/30.jpg)
There is more
![Page 31: Successful Evolutionary Change of Portfolio Management](https://reader034.vdocument.in/reader034/viewer/2022051512/53f97b2c8d7f72b82e8b4945/html5/thumbnails/31.jpg)
Backlog is a list of
unvalidated
product options
Ellen Gottesdiener
![Page 32: Successful Evolutionary Change of Portfolio Management](https://reader034.vdocument.in/reader034/viewer/2022051512/53f97b2c8d7f72b82e8b4945/html5/thumbnails/32.jpg)
Projects and products are
(unvalidated) options too
![Page 33: Successful Evolutionary Change of Portfolio Management](https://reader034.vdocument.in/reader034/viewer/2022051512/53f97b2c8d7f72b82e8b4945/html5/thumbnails/33.jpg)
Real Options
![Page 34: Successful Evolutionary Change of Portfolio Management](https://reader034.vdocument.in/reader034/viewer/2022051512/53f97b2c8d7f72b82e8b4945/html5/thumbnails/34.jpg)
Options have value
Options expire
Never commit early unless you know why
Source: Olav Maassen, Chris Matts, Chris Geary: Real Options
![Page 35: Successful Evolutionary Change of Portfolio Management](https://reader034.vdocument.in/reader034/viewer/2022051512/53f97b2c8d7f72b82e8b4945/html5/thumbnails/35.jpg)
http://brodzinski.com/2013/09/options-options-options.html
![Page 36: Successful Evolutionary Change of Portfolio Management](https://reader034.vdocument.in/reader034/viewer/2022051512/53f97b2c8d7f72b82e8b4945/html5/thumbnails/36.jpg)
http://brodzinski.com/2013/09/options-options-options.html
![Page 37: Successful Evolutionary Change of Portfolio Management](https://reader034.vdocument.in/reader034/viewer/2022051512/53f97b2c8d7f72b82e8b4945/html5/thumbnails/37.jpg)
http://brodzinski.com/2013/09/options-options-options.html
![Page 38: Successful Evolutionary Change of Portfolio Management](https://reader034.vdocument.in/reader034/viewer/2022051512/53f97b2c8d7f72b82e8b4945/html5/thumbnails/38.jpg)
http://brodzinski.com/2013/09/options-options-options.html
![Page 39: Successful Evolutionary Change of Portfolio Management](https://reader034.vdocument.in/reader034/viewer/2022051512/53f97b2c8d7f72b82e8b4945/html5/thumbnails/39.jpg)
![Page 40: Successful Evolutionary Change of Portfolio Management](https://reader034.vdocument.in/reader034/viewer/2022051512/53f97b2c8d7f72b82e8b4945/html5/thumbnails/40.jpg)
![Page 41: Successful Evolutionary Change of Portfolio Management](https://reader034.vdocument.in/reader034/viewer/2022051512/53f97b2c8d7f72b82e8b4945/html5/thumbnails/41.jpg)
![Page 42: Successful Evolutionary Change of Portfolio Management](https://reader034.vdocument.in/reader034/viewer/2022051512/53f97b2c8d7f72b82e8b4945/html5/thumbnails/42.jpg)
Common problems with portfolio management
![Page 43: Successful Evolutionary Change of Portfolio Management](https://reader034.vdocument.in/reader034/viewer/2022051512/53f97b2c8d7f72b82e8b4945/html5/thumbnails/43.jpg)
Visualization helps to
understand the current situation
and informs discussion on starting new
projects
![Page 44: Successful Evolutionary Change of Portfolio Management](https://reader034.vdocument.in/reader034/viewer/2022051512/53f97b2c8d7f72b82e8b4945/html5/thumbnails/44.jpg)
WIP limits (by conversation)
address the problem of too
many concurrent projects and
steer discussion about value
![Page 45: Successful Evolutionary Change of Portfolio Management](https://reader034.vdocument.in/reader034/viewer/2022051512/53f97b2c8d7f72b82e8b4945/html5/thumbnails/45.jpg)
Constraints introduced by
the method shift focus from cost
and income to value and
incentivize saying no
![Page 46: Successful Evolutionary Change of Portfolio Management](https://reader034.vdocument.in/reader034/viewer/2022051512/53f97b2c8d7f72b82e8b4945/html5/thumbnails/46.jpg)
Portfolio Kanban is not about choosing
the work you do; it’s about choosing the
work you don’t do
![Page 47: Successful Evolutionary Change of Portfolio Management](https://reader034.vdocument.in/reader034/viewer/2022051512/53f97b2c8d7f72b82e8b4945/html5/thumbnails/47.jpg)
Mind shift from looking through the attractiveness glasses to looking through
capabilities glasses
![Page 48: Successful Evolutionary Change of Portfolio Management](https://reader034.vdocument.in/reader034/viewer/2022051512/53f97b2c8d7f72b82e8b4945/html5/thumbnails/48.jpg)
Inspirations: Eli Goldratt
Stephen Parry (@leanvoices) Don Reinertsen (@dreinertsen)
David Anderson (@djaa_dja) Mike Burrows (@asplake)
Klaus Leopold (@klausleopold) David Joyce (@dpjoyce)
Chris Matts (@papachrismatts) Olav Maassen (@olavmaassen) Ellen Gottesdiener (@ellengott)
Jabe Bloom (@cyetain) Troy Magennis (@t_magennis)
Johanna Rothman (@johannarothman) Benjamin Mitchell (@benjaminm) Larry Maccherone (@lmaccherone) Gerald Weinberg (@jerryweinberg)
Karl Scotland (@kjscotland) Andy Carmichael (@andycarmich)
Mary Gorman (@mbgorman)
![Page 49: Successful Evolutionary Change of Portfolio Management](https://reader034.vdocument.in/reader034/viewer/2022051512/53f97b2c8d7f72b82e8b4945/html5/thumbnails/49.jpg)
Thank you
Pawel Brodzinski brodzinski.com
lunarlogic.io
@pawelbrodzinski