5 Mental Models
There are 5 Mental Models used in LPM (Lean Portfolio Management) … that you can also apply in life and any other aspects of your work (i.e., ART-level work or Team-level work):
Mental Model #5:Â Feedback Over Prediction
Old Mental Model: “Plan it perfectly upfront. Variance is failure.”
New Mental Model: “Short cycles help us adapt… before chaos hits.”
Mental Model #5 Calms chaotic flow by letting the system self-correct.
Translating this to LPM (Lean Portfolio Management):
Prediction = Big up-front planning; big up-front design.
Feedback = MVPs, Learnings from experiments, Learning milestones, customer signals (not noise).
Short cycles = Budget Guardrails + Rapid/Dynamic Budgeting.
Learning Over Guessing is the LPM Governance philosophy.
To be continued …
