What is an important aspect of establishing a Lean portfolio?

Decentralizing decision-making is vital for establishing a Lean portfolio because it empowers teams to make decisions closer to the point of action. This approach fosters a culture of agility and responsiveness, allowing teams to quickly adapt to changes and focus on delivering value. In a Lean portfolio context, enabling teams to have the autonomy to make decisions supports faster execution, aligns resources effectively, and enhances overall engagement and accountability among team members.

While defining roles, training stakeholders, and initiating governance frameworks are also important components of portfolio management, they primarily support the structure and compliance aspects. In contrast, decentralizing decision-making directly contributes to the Lean philosophy by promoting lean principles such as eliminating waste and maximizing customer value through faster, locally informed choices.