Quadrant Knowledge Solutions Market Insight Research offers awareness about the importance of value stream management in lean budgeting of projects and portfolios.
Nowadays, enterprise agile planning tools vendors, are adopting (SAFe) Scaled Agile Framework into their platform, which helps organizations to strategically plan future goals. Previously the agile approach with traditional budgeting caused several problems that included a standardized annual budgeting system, a slow and complicated budgeting process for multiple projects at a time, poor financial estimation, and decision making at the initial stage by team members having limited knowledge about the project outcomes.
Explore this market insight to gain understanding about:
- Things leading upto the utilization of value stream management for lean budgeting.
- How to identify value streams in lean budgeting
- What vendors are offering Lean Budgeting
According to Sofia Ali, Senior Analyst at Quadrant Knowledge Solutions “Vendors in the market are summarizing lean principles for value stream budgeting. These include precisely specifying the budget for certain specific products based on their outcome values, identifying value streams for each product, ensuring seamless value flow, allowing customers to pull value from the producers, and offering perfect solutions.”
This Market Insight is a part of Quadrant’s Project and Portfolio Management practice.
Author: Sofia Ali (Senior Analyst) , Apoorva Dawalbhakta (Associate Director) at Quadrant Knowledge Solutions.
