New SAFe Participatory Budgeting Advanced Topic Article
We are pleased to announce the release of a new advanced topic article on SAFe Participatory Budgeting (PB). It provides an overview of how to conduct a PB event for a fictitious banking portfolio.
Participatory budgeting is a critical element of Lean Portfolio Management since it helps establish and adjust Lean budgets for value streams.
This article represents perhaps the last mile of the multiyear journey we’ve been on to guide enterprise strategy-through portfolio vision-to investment funding. We’ve talked about Lean Budgets for years, and now we have some practical guidance on how to go about establishing one.
These budgets support decentralized decision-making and better empower stakeholders to make ongoing investment decisions and to respond more quickly to emerging opportunities.
Have you run a PB event? Are you thinking of running one soon? We’d love to hear from you. Perhaps, we can do some Gemba with your organization to help you on your journey and to help us evolve our latest content. After all, many of the best ideas in the Framework have come from you, our community.
We hope you enjoy the new article!
—Richard Knaster, SAFe Fellow
Hi Richard, we are planning a virtual PB session in German-Telekom in November this year. My goal is to role it out as a model for our multiple portfolios in quite a heterogenuous environment. If you are interested, an exchange would be great – I also have some thoughts on your white paper whcih has helped me a lot.
I am trying to introduce PB to my client – a large insurance company in Africa. I would really appreciate the benefit of your experience as this will be my first attempt at PB.