There’s a big difference between understanding a theory and successfully putting a theory into practice. The move to Value Stream Management (VSM) is a prime example of this. A recent report found that 99% of organizations believe VSM provides key benefits, including accelerated delivery, improved transparency, reduced silos, and more.[1] Given the promise, it seems clear the adoption of VSM is set to accelerate. In fact, of organizations that are not currently employing VSM, 72% plan to do so in the next 18 months.[2]
However, the reality is that virtually every team encounters obstacles in their VSM journey, and the degree of success achieved can vary. Most often, establishing a strong foundation can play a major role in whether teams realize maximum success. Over the past year, many organizations have started to see the fruits of their VSM initiatives, realizing such key improvements as speeding time to market, reducing costs, boosting staff collaboration and efficiency, and improving cross-business alignment.
For example, one team at a multinational automobile manufacturer has moved its projects into value streams and started to see a number of benefits. Leveraging VSM principles, a group at a Fortune 500 Insurance company was able to make some small changes that have proven to deliver significant dividends. In addition, a wireless network operator’s leadership was better able to connect strategy and work by employing VSM principles.
While the concepts surrounding VSM aren’t new, the pace and breadth of VSM adoption in recent years has really started to pick up steam among many of the largest enterprises. By embracing VSM concepts, business leaders have been able to establish unified visibility and connection that spans the business. As a result, they have gained the ability to make significant inroads in meeting top-level business objectives, including improving ROI, speeding time to market, and delivering enhanced customer value.
Within many leading enterprises, the conceptual benefits promised by VSM are starting to become a reality. To learn more about how customers are navigating this journey, be sure to attend the Value Stream Management Summit brought to you by ValueOps from Broadcom Software Group. At the event, you can hear from industry experts and enterprise leaders who’ll share some of the most important lessons from their successes.
This year’s theme is “Next Level Unlocked.” The virtual event will include presentations on the successful VSM implementations at Honda, Unum, and Verizon. Wherever you are on your VSM journey, this VSM Summit will provide useful strategies and tips for elevating your VSM game. The VSM Summit will take place on Wednesday, April 20, 2022 from 11:00 a.m. – 3:00 p.m. EDT. Click here to learn more and register to attend.
[1] Dimensional Research, sponsored by Broadcom, “2022 Value Stream Management Predictions,” November 2021, https://enterprise-software.broadcom.com/2022-predictions-for-value-stream-management
[2] Dimensional Research, sponsored by Broadcom, “2022 Value Stream Management Predictions,” November 2021, https://enterprise-software.broadcom.com/2022-predictions-for-value-stream-management
