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Product and Portfolio Management I

ESP Module 2

Cost of Delay and Business Risk Assessment

Learn when to start and when to deliver selected ideas, product features, or service requests with a probabilistic approach. Quickly determine the value, how that value decays over time, and how long it might take to complete. See and mitigate the risks that could impact schedule and budget.

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DURATION

N

1-day class

PREREQUISITES

N

Previous Kanban experience or attendance in a Lean Kanban KMP-level class recommended but not required.

LEARNING OUTCOMES

N

Understanding risk measures: Nominal; Ordinal; Interval; and Ratio

N

How to visualize multi-dimensional risks

N

Understanding actual cost of delivery delay versus probable cost of a starting delay

N

Apply a Cost of Delay pattern library with policy guidance

N

Understanding how to define and measure urgency

N

Understanding how to select a class of service based on urgency

N

How to map decaying value and urgency to a Critical vs Urgent matrix (Covey Chart)

WHO SHOULD ATTEND?

N

Recommended for Service Request Managers, Product Managers, Portfolio Managers, Program Managers, Project Managers, Heads of Portfolio, Program, and Project Management, Enterprise Risk Managers, Quantitative Analysts, and anyone who works with scheduling and portfolio planning

CERTIFIED TRAINING

N

Training certified by Lean Kanban University

RECOMMENDED COMBINATIONS

N

Combine with module 1 (Business Risk focus)

N

Combine with module 3 (Portfolio focus)

N

Combine with modules 3 and 4 (Planning focus)