Trending Now

Streamlining Vaccine Development during a Global Health Crisis – An Imaginary PRINCE2 Case Study
PMBOK Guide Tips for Managing Change and Uncertainty in Projects
How to Apply PRINCE2 Methodologies in Real-World Projects
What is PRINCE2® 7? A Simple Explanation for Beginners
Project Management Certification in the United States of America
The Evolution of Project Management: From Process-Based to Principles-Based Approaches
Mastering ITIL and PRINCE2 for Enhanced Project Outcomes in Indian GCCs
Exploring the Eight Project Performance Domains in the PMBOK® Guide
PMI Best Practices for Project Management Across Different Environments
Your Ultimate Project Management Guide: Explained in Detail
Top Benefits of PRINCE2 for Small and Medium Enterprises
Best Project Management Certifications of 2025
The Importance of Tailoring PRINCE2 to Fit Your Organization's Needs
Resolve Slash URLs & Learn 301 vs. 308 Redirects Effectively
What is a standard change in ITIL 4?
Which practice provides a single point of contact for users?
What is the first step of the guiding principle 'focus on value'?
Which is a benefit of using an IT service management tool to support incident management?
A service provider describes a package that includes a laptop with software, licenses, and support. What is this package an example of?
What should be included in every service level agreement?
What are the two types of cost that a service consumer should evaluate?
The Business Case for SAFe®: Solving Modern Challenges Effectively
Which ITIL concept describes governance?
How does ‘service request management’ contribute to the ‘obtain/build’ value chain activity?
Which practice is the responsibility of everyone in the organization?
How Kaizen Can Transform Your Life: Unlock Your Hidden Potential
Unlocking the Power of SAFe®: Achieving Business Agility in the Digital Age
What is DevOps? Breaking Down Its Core Concepts
Which is a purpose of the ‘service desk’ practice?
Identify the missing word(s) in the following sentence.
Which value chain activity includes negotiation of contracts and agreements with suppliers and partners?
How does categorization of incidents assist incident management?
What is the definition of warranty?
Identify the missing word in the following sentence.
Which two needs should ‘change control’ BALANCE?
Which value chain activity creates service components?
Kaizen Costing - Types, Objectives, Process
What Are ITIL Management Practices?
What are the Common Challenges in ITIL Implementation?
How Do You Align ITIL with Agile and DevOps Methodologies?
How Can ITIL Improve IT Service Management?
What is DevSecOps? A Complete Guide 2025
How to do Video Marketing for Audience Engagement?
What is Site Reliability Engineering (SRE)?
The History of DevOps: Tracing Its Origins and Growth
Mastering Business Agility: A Deep Dive into SAFe®
Which statement is true about a Value Stream that successfully uses DevOps?
How Do I Prepare for the ITIL 4 Foundation Exam?
What is the Purpose of the ITIL Foundation Certification?
SIAM Global Survey 2023 Insights: The Future of IT Service Management
Comprehensive Guide to ITIL 4 Key Concepts of Service Management
What is ITIL? Guide to ITIL 4, Certification, and Best Practices
Top 10 Benefits of ITIL v4 Foundation Certification
What is GitOps: The Future of DevOps in 2024
Kaizen Basics: Continuous Improvement Strategies for Your Business
The Role of Observability in Site Reliability Engineering (SRE)
The Role of Monitoring in Site Reliability Engineering (SRE)
ITIL Structure: Key Components and Lifecycle Stages Explained
12 Principles of Project Management - PMBOK® 7th Edition
Four Dimensions of IT Service Management in ITIL4
ITIL Certification Cost - Comprehensive Guide 2024
Site Reliability Engineering (SRE): A Comprehensive Guide
Site Reliability Engineering (SRE): Core Principles Explained
SRE’s Proactive Approach to Problem-Solving: Enhancing IT Reliability
The Evolution of Site Reliability Engineering: A Comprehensive Guide
ITIL & AI: Revolutionizing Service Excellence
The ITIL 4 Service Value System: A Comprehensive Guide
Key Benefits of Site Reliability Engineering (SRE) - A Deep Dive for Modern IT
The Importance of SRE in Modern IT: Boost Reliability and Efficiency
ITIL V4 Major Changes and Updates: Navigating the New Era of IT Service Management
COBIT 5 vs COBIT 2019: Differences and more
Preparing for ITIL 4 Foundation: Key Learning Objectives You Need to Know
Tips to Clear ITIL 4 Certification in 2024
Top 6 Most-in-Demand Data Science Skills
Six Sigma Black Belt Certification- Benefits, Opportunities, and Career Values
Top 7 Power BI Projects for Practice 2024
Kaizen- Principles, Advantages, and More
Business Analyst Career Path, Skills, Jobs, and Salaries
What is AWS? Unpacking Amazon Web Services
SAFe Implementation Best Practices
The Role of Site Reliability Engineering in Healthcare IT
The Importance of Career Guidance for Students: Navigating the Path to a Successful Future
Why Combining Lean and Agile is the Future of Project Management
Understanding Agile Testing: A Comprehensive Guide for 2024 and Beyond
Benefits of PRINCE2 Certification for Individuals & Businesses
Importance of Communication in Project Management
The Future of DevSecOps: 8 Trends and Predictions for the Next Decade
The Complete Guide to Microsoft Office 365 for Beginners
Organizational Certifications for Change Management Training
Product Owner Responsibilities and Roles
Agile Requirements Gathering Techniques 2024
Project Management Strategies for Teamwork
Agile Scrum Foundation Certification Guide (2025)
Major Agile Metrics for Project Management
5 Phases of Project Management for Successful Projects
Agile vs SAFe Agile: Comparison Between Both
Embrace Agile Thinking: Real-World Examples
What are the 7 QC tools used in quality management?
The Role of Big Data on Today's Business Strategies
PMP Certification Requirements: Strategies for Success
one output of enterprise strategy formulation

What is one output of enterprise strategy formulation?

Picture of SPOCLEARN
SPOCLEARN
Upskill and Reskill in industry-recognized certification courses to become a Global Professional.

A. Portfolio Budgets

B. Portfolio Canvas

C. Portfolio Governance

D. Portfolio Vision

The Correct Answer is

D. Portfolio Vision

Explanation

One output of enterprise strategy formulation is the Portfolio Vision.

The Portfolio Vision is a key artifact in strategic planning, particularly within the context of the Scaled Agile Framework (SAFe) and other Agile methodologies. It provides a long-term view of the solution portfolio and communicates the vision and strategic objectives to all stakeholders. The Portfolio Vision helps guide the Lean-Agile enterprise by aligning portfolio priorities with the broader organizational strategy, ensuring that investments and efforts are directed towards initiatives that offer the most value in achieving the enterprise’s long-term goals.

The Portfolio Vision is an integral component of the strategic planning process within the context of SAFe (Scaled Agile Framework) and serves as a vital output of enterprise strategy formulation. It plays a crucial role in guiding the development and execution of initiatives at the portfolio level, aligning them with the broader organizational objectives and strategies. Let’s delve into more details about its importance, content, and impact.

Importance of the Portfolio Vision

  • Strategic Alignment: The Portfolio Vision ensures that all portfolio initiatives are aligned with the enterprise’s strategic goals, making sure that investments are focused on areas that provide the highest value and contribute to the long-term success of the organization.

  • Guidance for Decision-Making: It provides a clear direction for decision-making at the portfolio level, helping to prioritize initiatives, allocate resources, and make trade-offs between competing demands based on strategic objectives.

  • Communication Tool: The vision acts as a communication tool, articulating the future state the organization aims to achieve to all stakeholders, including portfolio managers, program managers, teams, and external partners. This helps in building a shared understanding and commitment towards common goals.

Content of the Portfolio Vision

The Portfolio Vision typically includes:

  • Strategic Themes: High-level business objectives that connect the portfolio to the enterprise strategy. They articulate the focus areas that are critical for the organization’s success.

  • Vision Statement: A concise statement that describes the future state the portfolio aims to achieve. It should be inspirational, memorable, and capable of guiding the portfolio’s strategic direction.

  • Business Objectives: Specific, measurable goals that the portfolio aims to accomplish within a certain timeframe. These objectives translate the vision into actionable targets that can be tracked and measured.

  • Key Initiatives: Major efforts or programs that are necessary to achieve the business objectives. These initiatives represent the work that needs to be undertaken to move the portfolio towards the envisioned future state.

Impact of the Portfolio Vision

  • Coherent Execution: By providing a clear and consistent direction, the Portfolio Vision helps to ensure that all efforts and initiatives within the portfolio are coherently executed in alignment with the strategic goals of the organization.

  • Adaptability: The vision allows the portfolio to remain adaptable in a changing environment. As new opportunities and challenges arise, the Portfolio Vision can be revisited and adjusted to ensure that the portfolio continues to align with the enterprise strategy.

  • Motivation and Engagement: A compelling vision motivates and engages stakeholders by providing a sense of purpose and direction. It helps individuals understand how their work contributes to the broader organizational goals, fostering a culture of commitment and collaboration.

The Portfolio Vision is a dynamic document that may evolve as the enterprise strategy changes or as new market opportunities emerge. Regularly revisiting and refining the Portfolio Vision ensures that the portfolio remains aligned with the enterprise’s strategic objectives and continues to deliver value in a rapidly changing business landscape.

Other Leading SAFe 6.0 Question – What are the three dimensions of Lean-Agile Leadership? (Choose three)

Follow us

2000

Likes

400

Followers

600

Followers

800

Followers

Subscribe us