Final answer:
In Lean Portfolio Management, project-based funding and control become focused on value streams, aligning resources and budgets to deliver continuous customer value through Agile Release Trains.
Step-by-step explanation:
When moving to a Lean Portfolio Management capability, the shift from centralized control to decentralized decision-making means that project-based funding and control transition to a focus on value streams. Rather than managing and funding individual projects, an organization allocates resources and budgets towards broader value streams, which represent series of steps that an organization uses to build solutions that provide a continuous flow of value to a customer. In a Lean-Agile context, these value streams often correspond with Agile Release Trains (ARTs), which are long-lived teams that incrementally develop, deliver, and where necessary, maintain and retire products or services.