Why We Need a VSM Taxonomy

In this Flow Session, our host, VSMC CEO Helen Beal, chatted with Frederic Champlain, Agile Evangelist at ServiceNow about the Value Stream Management Consortium's VSM Taxonomy.

A VSM taxonomy is essential because it serves as a dictionary of terms for value stream management practitioners, helping to establish a common language and understanding within organizations. By creating a shared vocabulary, the taxonomy facilitates clearer communication and collaboration among teams, which is crucial for effectively implementing VSM practices. It also provides insights into the landscape of value streams in the context of business architecture and digital transformation, allowing for meaningful discussions about concepts, principles, and practices that matter in VSM.

Helen and Fred explored:

- What's included in the taxonomy and how to explore it for application within your organization or clients' organizations

- How the VSM taxonomy connects stakeholders and helps to avoid misunderstandings and facilitate effective communication

- How to use the VSM taxonomy as a structured framework for analyzing value streams, identifying bottlenecks, and pinpointing areas for improvement