What is meant by 'Lean Governance'?

A set of policies for financial management

A framework to ensure compliance and control

Lean Governance refers to a framework that ensures compliance and control within an organization while promoting agility and efficiency in managing portfolios. It supports the principles of Lean thinking by focusing on value delivery and minimizing waste in governance processes.

This approach emphasizes the need for oversight that aligns with Lean and Agile practices. It allows organizations to maintain governance standards, such as risk management and compliance, without creating unnecessary bureaucracy that could hinder responsiveness to change. This balance helps organizations navigate complex environments effectively while still delivering on strategic objectives.

The other choices relate to governance but do not encapsulate the full essence of Lean Governance. Financial management policies focus narrowly on managing finances rather than the holistic control systems that lean governance provides. The notion of a collaborative approach to decision-making is indeed part of Lean practices but does not fully capture the compliance aspect central to governance. Enhancing team productivity is a goal of many Lean practices, yet it does not define Lean Governance, which encompasses broader organizational oversight.

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A collaborative approach to decision-making

A method to enhance team productivity

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