Value Stream Funding

How money reaches teams without project-by-project budgeting. Each value stream receives a quarterly funding envelope set at the portfolio review, sized on strategic priority and demonstrated outcome delivery — not on last year's number plus inflation. Within the envelope, the value stream's Product Owners order work by cost of delay; large initiatives above the delegation threshold still pass the investment gates. The envelope covers stable team capacity first, so funding changes reshape the initiative queue rather than dissolving teams. Underspend is not clawed back mid-quarter, which removes the incentive to burn budget in December; persistent underspend instead shrinks the next envelope.