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These sections show Information Flow, Product Flow, and a Time Ladder or Lead Time Ladder.
The colors were added to highlight the different sections of a VSM.
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For example, Figure 1 above shows a simplified VSM for a software development lifecycle. To start, each value stream map typically has three key sections. As such, each value stream map may have some elements that are unique. However, while we will provide an explanation of some of the standardized VSM features, keep in mind that they may be modified to help achieve specific objectives. With so much information packed into a VSM, it’s no surprise that there are terms and features that may need some explanation. Terminology and symbols and what they mean Without it, there’s just no efficient way to convey this information. This type of chart can be an invaluable tool to enable quality process improvement discussions with team members and stakeholders. It not only mapped the key process steps but also showed which of those steps actually applied any real value to the mortgage application process. However, this flowchart didn’t show that only a few of those steps actually added value to the application process. Using an example of a mortgage company delivering a new application, their process flow chart showed 64 different servers with dozens more actual steps in the application process. The VSM enables the team and leadership to see where the actual value is being added in the process, allowing them to improve on the overall efficiency associated with the delivery of a software product or feature request, not just the number of steps. Unlike process maps, or flowcharts, that show only the steps involved in the process, a VSM shows significantly more information and uses a very different, more linear format. “Value stream mapping is a lean manufacturing or lean enterprise technique used to document, analyze and improve the flow of information or materials required to produce a product or service for a customer.” Value stream mapping (VSM) provides us with a structured visualization of the key steps and corresponding data needed to understand and intelligently make improvements that optimize the entire process, not just one section at the expense of another.
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Value stream mapping enables us to better understand what these steps are, where the value is added, where it’s not, and more importantly, how to improve upon the collective process. In order to provide the product or service that the customers desire, every company has a set of steps that are required.
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Simply put, a value stream is a series of steps that occur to provide the product or service that their customers want or need. To understand value stream mapping, we need to first understand what a “value stream” is. If you like it, please rate, review and recommend the show.Plutora Blog - DevOps, Release Management, Test Environment Management, Value Stream Management What is Value Stream Mapping (VSM), Benefits, Process and Value Reading time 10 minutes
In this conversation, Jack talks about his experiences over the past 18 months, how his life has changed, the thing that inspired him to create Visualize Value, the benefits and the drawbacks he’s experienced so far, advice for others who want to emulate what he’s doing and much more.
I find this transformation fascinating and I believe what Jack is doing is going to become a lot more common in the months and years ahead as people figure out how to repurpose their skills and monetize them using the leverage of the Internet instead of putting in the traditional 8-hour (or more) workdays that have become the norm over the past few generations. They’ve achieved this early success by creating and selling digital products, including a digital daily planner, several online courses and an online community of 2,500+ members. Their business bank balance was $58 at the start of 2020 and was over $1 million by the end of the year. Inspired by the famous tweet storm by Naval Ravikant, he set out to transform their service business into a suite of digital products. The more successful they became and the more business they won, the more of a grind it became. Jack Butcher was a successful but burnt out co-owner of a small design agency with his wife Celia.
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