One size fits all? Nothing of the sort! Participatory budgeting calls for a tailored solution, one that can constantly evolve and adapt to the given situation. In this article, we describe how we do it at Zühlke.
Together with my colleague Nadine, I presented an updated version of our participatory budgeting approach. We had already shared the first version at a previous event, but since then we made significant changes that we wanted to share. A quick disclaimer: we did not invent participatory budgeting. We built on the materials from the SAFe (Scaled Agile Framework), so you will find the copyright on the relevant slides. If you want to introduce participatory budgeting in your own organization, we are happy to share our experience and always reference the original SAFe materials.
How can innovation and development budgets be distributed faster, more transparently, and more effectively? Participatory Budgeting offers a collaborative approach to steering investments not project-by-project, but along value streams and strategic priorities.
In this meetup talk, Nadine Broghammer and I share our experience coaching a portfolio team on participatory budgeting based on the SAFe framework. We explain the problem with traditional top-down budget allocation and show how participatory budgeting creates transparency, fosters entrepreneurial thinking, and leads to better investment decisions.
