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Lean-Agile Budgeting: A Conversation with Guy Beaver and Kelley Horton
Guy Beaver, Kelley Horton, and Jim Trott discuss Lean-Agile Budgeting, a critical, though often an overlooked, topic in Lean-Agile Transformation. Budgets are powerful statements about direction and levers for changing behaviors which is critical to realize transformation.
The three key concepts for understanding Lean-Agile Budgeting are: Pool your annual dollars and fund capacity, not projects; focus on a 12-month roadmap of prioritized features and use a Rolling Quarter Lock. Do your locked down planning and iterations just on the next quarter, not the entire year. Let the rest of the roadmap adjust to market needs; and never fund work that you cannot complete.
Guy and Kelley have been able to implement Lean-Agile Budgeting in large banks and other organizations. It isn’t easy but it is critical in the transformation.
Here are topics and questions we covered: