Leading organizations follow three planning and budgeting practices that, when used to fund a large number of Agile teams, increase returns and improve overall results.
In this way, the planning and budgeting process supports flexibility both within and across the Agile teams. When it is determined that a different Agile team’s mission is more valuable, leaders must also be able to divert funds to that group. For an organization to allocate its resources to the innovations promising the highest returns, it must provide Agile teams with the stability and the financial and strategic independence to pivot quickly to new and better ideas. Innovation is the purpose of Agile, and successful innovation generally comes only after significant changes to the original concept. Our latest book is a must-have guide to transform your organization through the power of agile.the right way. That may still be appropriate for certain parts of the business, but it has an adverse effect on Agile teams and the returns they can generate. Traditionally, senior leaders tightly control the purse strings, requiring a rigorous business case, multiple stages of approval, and a strict linkage between the allocated budget and a highly specific output before they will fund a project. Such models emulate the systems pioneered by both digital natives and Agile leaders among well-established organizations, and represent a departure from traditional planning and budgeting. And it needs to do all of this while enabling most teams to be persistent, for reasons we will explain later.
When funding a large number of Agile teams, the model must be flexible enough to respond quickly to changes, ensure that the company’s highest priorities continually are addressed, and incorporate input from a variety of constituents, including senior executives, middle managers and frontline employees. The primary goal of any planning and budgeting model is to allocate an organization’s limited resources to the work that will generate the highest returns. Planning and budgeting should be flexible, autonomous and accountable
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