Responsive Product Portfolio Management (PPM) Level 1

Responsive Product Portfolio Management (“Responsive PPM”) is a framework for outcome-driven organizations. It dynamically connects objectives, customers' needs, products, and resources with execution, to accelerate outcomes responsive to the state of the organization and the market.

Get introduced to the basics of what Responsive Product Portfolio Management is - where did it come from, why is it useful, and how you can use it.

Goal: Be able to explain what Responsive PPM is.

How does Responsive PPM influence the way you manage your product portfolio?

In Lecture 2 we dive into the 5 principles of Responsive PPM:

1. Multidimensional portfolio

   - Learn how a product portfolio may be viewed and assessed in multiple dimensions.

2. Three Operating Horizons

   - Every organization has long-term, mid-term, and near-term focuses and corresponding activities, led by the respective levels of the organization.

   - Learn how Responsive PPM connects the rolling time horizons across all levels to enable strategic alignment and operational autonomy between levels.

3. Double Diamond Strategy and Execution

   - The Responsive Portfolio Management process has two distinct and interconnected phases at each organizational level: Strategic Cycle and Execution Cycle.

   - Learn how to use them and how they correspond to the discovery and delivery cycles in building products.

4. MoAR Prioritization

   - Outcome-driven product leaders define relevant goals and metrics responsively based on the state of the organization.

   - Learn how the Metrics on Available Resources (MoAR) model allows teams to connect benefits (return) directly to the goals the product initiative is connected with.

5. Responsive Re/Allocation

   - Traditional project portfolio allocates budget to projects. Responsive product portfolio allocates multi-dimensionally e.g. towards objectives, customer segments. This provides autonomy in the execution cycle to empower innovation and faster decisions.

   - Learn how responsive adjustment takes place to re-allocate towards the most impactful areas of a portfolio dimension.

Goal: Be able to identify and explain the 5 Principles of Responsive PPM.

How does Responsive PPM Fit into the product organizations? Is it new?

Not really. All Managers are really Portfolio Managers. They allocate their team’s time for the best business outcome. However, to be effective, they need to apply the Responsive Product Portfolio Management principles (“Responsive PPM”) to collaborate upwards with executives, downwards with their teams, and across with each other to align strategic approaches, allocate resources, and adjust to changes responsively based on business outcomes.

What Responsive PPM really does is it adds your outcomes to guide the product development workflow and creates a continuous model that goes across multiple teams.

Goal: Be able to explain how Responsive PPM improves the traditional product organization workflow.

Now that you've covered what each level of your company contributes in Responsive PPM, we can get into how each level contributes.

In contrast to the Traditional Project Portfolio Management which focuses on a basket of projects and centralized governance; Responsive PPM focuses on continuously evolving products, allowing portfolio leaders to adapt and adjust in real-time to best deliver customer delight and business outcomes. In this portion, learn the cadences and key roles of Responsive PPM.

Goal: Understand the similarities and differences to adapting Responsive PPM to your current workflow and the key figures in the process.

Last but not least, how do you bring Responsive PPM to your company?

The accelerated pace of remote work has only accelerated the disconnect between Strategy and Execution. As a result, the workday is loaded with siloed communication and endless meetings, greatly inhibiting agility.

Responsive PPM is critical for a distributed and knowledgeable workforce. And the good news is, it's not too hard. Responsive PPM is a framework that can sit on top of existing processes so you don't have to change the way you work and you can help align teams and achieve multiple goals by responsively managing them.

Goal: Understand how Responsive PPM integrates with existing frameworks.

To become certified students must take the 15-question Responsive PPM quiz and score 100 out of 160 points. I've linked the quiz below under resources. Good luck!