Mastering Value Stream Mapping for Project Success

Understanding the Essence of Your Project through Value Identification

This article explains what value is. It defines value stream mapping. It differentiates value stream mapping from a standard process map. Additionally, it outlines how to conduct a value stream mapping exercise.

But first…

What is Value?

Value signifies the importance placed by customers on specific aspects of your project. It varies depending on the nature of your project and its objectives.

Customers primarily appreciate and are willing to pay for what serves their needs. Hence, understanding and delivering this value is crucial.

What is Value Streaming?

Value streaming encompasses the activities, transactions, and flows of materials and information necessary to deliver value to customers.

A value stream includes all the end-to-end processes, resources, and information used to convert inputs into outputs. These outputs are marketable to customers.

What is a Value Stream Map?

A value stream map is a graphical representation that illustrates the value stream.