Scaled Agile Framework (SAFe) Lean Portfolio Management Practice Exam

Which technique is often utilized for prioritizing initiatives in Lean Portfolio Management?

1. Swot analysis

2. Weighted shortest job first

3. Root cause analysis

4. Force field analysis

The correct answer is: Weighted shortest job first

In Lean Portfolio Management, the technique of weighted shortest job first (WSJF) is a critical method utilized for prioritizing initiatives. WSJF is specifically designed to help organizations maximize the economic benefit of their portfolio by allowing them to prioritize work based on the cost of delay and the size of the job. This method involves calculating a WSJF score by considering the value of an initiative (business value, time criticality, and risk reduction) and dividing it by the job size (usually the effort required to complete it). The focus on both value and effort ensures that teams prioritize those items that deliver maximum return on investment in the shortest amount of time. Using WSJF, organizations can effectively manage their portfolios by aligning initiatives with strategic goals, ensuring that they address the most impactful projects first. This prioritization technique is vital in an agile environment where responsiveness and the ability to pivot quickly can significantly influence overall business success. The other techniques mentioned serve different purposes; for instance, SWOT analysis is useful for assessing strengths, weaknesses, opportunities, and threats, while root cause analysis focuses on identifying the underlying causes of issues in processes. Force field analysis helps in understanding the forces that support or resist change, but these do not specifically cater to the systematic prioritization