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InfoQ Homepage News Announcing the Value Stream Management Consortium

Announcing the Value Stream Management Consortium

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Driven by a goal to accelerate global adoption of value stream management, Value Stream Management Consortium (VSMC) recently announced its formation. Aiming to function as the core of information and education in this space, VSMC was founded by leading technology providers such as Digital.ai, HCL Software, Plutora, ServiceNow, and Tasktop.

Value Stream Management (VSM) provides visibility across the business of the organization. VSM helps organizations understand whether there is duplication of efforts or teams are delivering features that are not creating value for customers. Building on this need, the VSM Consortium aims to help organizations improve performance through the accelerated adoption of VSM.

Helen Beal, chair of the Value Stream Management Consortium, said, "At this stage in the development of value stream management it’s important that we create and foster a community of experts to further VSM practices, innovation, and adoption. By creating this community, we will increase and accelerate the use of VSM, while developing and instilling best practices and standards. And, ultimately, just like the practice of VSM itself, we will help deliver the utmost value to industry practitioners."

While VSM is not a new concept, digital transformation has made it essential for all businesses. VSM is emerging as a distinct market category, where organizations are finding value in optimizing value stream to get a competitive advantage. Consulting organizations such as Visible.is, are also instrumental in providing value stream resources to help organizations realize the full potential of VSM.

According to Gartner, "By 2023, 70% of organizations will use value stream management to improve flow in the DevOps pipeline, leading to faster delivery of customer value." Value Stream Management is equally applicable to team design, as Team Topologies also talk about product teams aligned with a particular value stream.

As a part of their offering, the VSMC will publish the inaugural annual Value Stream Management Report in May 2021. VSMC also has a paid professional membership open to all, where members will receive the latest updates and learning opportunities. Membership is available in three types - Leader, Partner, and Influencer with costs ranging from $50k per annum to $100 p/a.

Readers can follow VSM Consortium on Twitter or join the LinkedIn group here.

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Community comments

  • One ponders...

    by Kelvin Meeks,

    Your message is awaiting moderation. Thank you for participating in the discussion.

    Can a Value Stream Management Book of Knowledge (Bok) be far behind?
    Or, different training courses and certifications for Value Stream Management?

  • Re: One ponders...

    by Aditya Kulkarni,

    Your message is awaiting moderation. Thank you for participating in the discussion.

    Hi Kelvin,

    Thanks for your comment! Apologies for the delay in response!

    I do agree that Value Stream Management Book of Knowledge can be of immense help to standardize the approach towards VSM. However, I am yet to observe contributors coming together to lay its foundation.

    Having said that, I am skeptical about the "value" from the VSM training courses or certifications, knowing value stream mapping is not a one-approach-fits-all activity.

    I would like to point out that the platforms like visible.link (mentioned in news above) are helpful in consolidating the knowledge/tools required for value stream mapping.

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