What is Value Stream
A value stream is the set of actions that add value to a customer from the initial request through the realization of value by the customer. The value stream begins with the initial concept, moves through various stages of development and on through delivery and support.
So, what is value? Value is something the customer can benefit from, like a product or a service of high quality received within an expected time budget. And value is what your customers are willing to pay for.
Think of a value stream as a product line. For example, you see a demand for face masks in the market. People want masks that are safer and are aesthetically designed.
Here is a simplistic Value Stream for our example.
Why Value Stream is important:
The start-up companies do not start as large, complex organizations. Rather, they usually start as a fast-moving, adaptive network of self-motivated individuals aligned to a common vision and focused on their customers’ needs. Roles and reporting relationships are smooth, and people collaborate seamlessly to identify customer needs, explore potential solutions, and deliver value in any way they can.
To view the full blog and this blog "Aligning with Value Streams in SAFe" is originally published on Agilemania website.