Efficiencies, speed to market, and increased visibility are just a few of the benefits reported by organizations that have adopted value stream management. Credit: iStock 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. Conclusion 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. Explore ValueOps Value Stream Management, built to manage what you value most. [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 Related content brandpost Sponsored by Broadcom Business and IT alignment: How people-centric planning fuels real progress With a people-centric planning approach, teams create value streams that fuse business and IT staff, who have one set of shared goals. Leaders of different functions prioritize according to negotiated agreements—accelerate your organizational e By Sonja Furneaux, ValueOps Global Architect, Broadcom Jun 03, 2024 4 mins IT Leadership brandpost Sponsored by Broadcom Driving digital transformation success: Serge Lucio's insights on Value Stream Management Navigating the VSM landscape: Strategies for seamless digital transformation—a chat with Serge Lucio, General Manager of the Agile Operations Division at Broadcom By Marla Schimke, Head of Product and Growth Marketing, Broadcom's ValueOps Software Division May 20, 2024 4 mins Digital Transformation brandpost Sponsored by Broadcom How to govern with people-centric planning To succeed with people-centric planning, leaders need to take a different approach to governance. Leaders must produce key metrics and offer the autonomy to determine the best way to achieve those metrics. By Laureen Knudsen, Chief Transformation Officer, AOD, Broadcom May 06, 2024 3 mins Digital Transformation IT Leadership brandpost Sponsored by Broadcom People-centric planning: Fund people, not work By using people-centric planning, you can support funding strategies with current business goals and technological realities. By Brian Nathanson, Head of Product Management, Clarity by Broadcom Apr 16, 2024 5 mins Infrastructure Management IT Leadership PODCASTS VIDEOS RESOURCES EVENTS SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe