Mastering Agility #103 Lean Portfolio Management and OKRs with Yuval Yeret
Summary
In this conversation, Jim, Sander, and their guest Yuval discuss various topics including SAFE, lean portfolio management, and OKRs. They explore the misconceptions and polarizing nature of SAFE, the difference between a traditional PMO and a lean portfolio, and the challenges of managing different ways of working within a global organization. They also delve into the concept of OKRs, the importance of setting realistic goals, and the potential pitfalls of tying incentives to OKRs. The conversation concludes with a discussion on metrics and the value of thinking in bets.
Takeaways
SAFe is often misunderstood and polarizing, but it has valuable ideas and good information on its website.
Lean portfolio management focuses on managing different types of work within an organization's portfolio and measuring different things for different investments.
OKRs should be specific and motivating, but too many goals can be confusing and demotivating.
Tying incentives to OKRs can lead to unintended consequences and the wrong behavior.
Metrics such as lead time, cycle time, and customer satisfaction are important for measuring progress and making data-driven decisions.
Thinking in bets and adopting a VC mindset can help make better decisions and navigate uncertainty in business.
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