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The 3 Essential Elements for Value Stream Management Success

April 26, 2022

Dreaming is easy. It's all very well wanting to advance value stream-centric ways of working in technology teams to optimize performance. But how will you make it a reality? We've asked Steve and Dalibor, who talked us through some of the most complicated roadblocks on the road to better team performance, the needed tools, and the challenges of getting everybody involved in moving in the right direction. As it turns out, it all comes down to three essential elements, which we'll explore in this blog article.

 

How it started - how it's going

 

In the early 2000s, the software standards were changing so fast - the ability to keep up to date with those changes was fundamentally hard. It was challenging to deliver on the development and technology management side, and the complexity level was high. There weren't as defined standards - things were proliferating.

Nowadays, software is much easier to develop, and developers are saturated with all these different tools that make your life easier. The challenge now is knowing how to use your intellect as a developer to map a business outcome.

 

Three essential elements areas for success

 

In this new environment of higher demand and business outcomes, pushing an organization in the right direction is challenging.

It is a difficult problem to solve - but the benefits you get are significant. When broken down into three essential areas to help you solve the problem, Dalibor focuses on the people, the process, and the data. And, yes, the data is key.

 

#1. People

Progressive people make change happen. Without an engaged internal audience, you'll find apathy within the organization's culture makes it a struggle to succeed. The do-nothing scenario prevails. You want someone with clout to drive forward the agenda, and this culture will drive improvement. 

 

#2. Process

The second part is the process. Value stream management, fundamentally, is a process you go through. You have a start and finish - and a bunch of nodes in between. In those nodes, some activities are occurring.

However, it's a cross-functional process. And often, a not well-defined process. You've got lots of different people involved, and, usually, they're not under direct control. You have to be sure you understand that process from end to end and be willing to go to a level of granularity that will be impactful. Consider what approach you'd like to take. You might have a fast value stream or a slow value stream.

 

#3. Data

Lastly, it's the data. You want to see the outcomes when implementing a value stream management platform - you want to find where the bottlenecks are. When you look at a value stream, where is the waste? We use data to support the decision-making. So, if you're a sales manager, you look at the deal flow. If you're a market maker, you look at the available spot prices. 

 

To sum up

A value stream management platform is extremely powerful. You can expect outcomes accelerating speed, visibility, and throughput, but you do need to invest. We believe that investing in the people, the process, and the data will definitely push your organization in the right direction. 

 

You can find out more about powering value streams by watching the webinar below!

 

Watch the full webinar here!

 

VSMC Membership Admin

VSMC Membership Admin