Value Stream Management for Product Owners, Portfolio, and Product Managers
About this 4-Hour Mini-Workshop
Who Is This Workshop For?
Delivering value continues to increase in complexity and is driven more than ever by digital transformations.
Learn to how to improve value delivery by focusing on the end-to-end flow and principles of value stream management.
Workshop Description
The workshop’s design is based on balancing training content (theory), examples, and exercises in a ratio that results in a learning journey of knowledge and experience.
You will learn value stream management strategies and practices to identify, prioritize, deliver, and measure incremental customer and business value.
Value stream management focuses on the end-to-end flow, from customer request (ideation) through the release of value that can be consumed. The value delivery flow includes investment decisions (portfolio management), discovery workflow (product management), intake management queue, and product ownership.
Example practices covered:
- MVIs (minimum value increments)
- Creating a Portfolio Backlog
- Relative Sizing and Value Scoring the Increments
- The Discovery Workflow
- Intake Management
- Value Flow Planning
Upcoming Workshop(s)
Workshop Overview
Why You Should Consider Attending This Workshop
Do these sound familiar? Would you like to learn about practices to improve them?
- Our time to market is too long
- Work is not visualized; there is no easy way to see who is doing what
- The time for feedback is long, so we often have missed expectations & rework
- Work spends more time in “waiting” states vs. “doing” states
- Our planning cycles are limiting our business agility
Why Attend This Workshop?
Product ownership and product management follow an agile framework at many organizations or have been heavily influenced by one. Agile frameworks and industry guidance contain theories for practices, techniques, and events centering on a single product and the team or teams needed to enhance and maintain it. It's good, but it lacks an end-to-end perspective.
That is where value stream management can solve many of the challenges in the flow of value delivery, the entire flow, compared to agile frameworks that focus primarily on just one part, the development team.
A localized or siloed improvement, such as the development team, often results in a smaller improvement in flow than expected. Significant opportunities are frequently found in how value increments are identified and brought to a state of readiness to implement. Portfolio management, product management, and product ownership can unlock the untapped potential flow of a value stream.
Learning Objectives
- Explain what an idealized value stream contains
- Apply product strategy to ensure strategic alignment
- Compose Minimum Value Increments (MVIs)
- Establish and manage a portfolio backlog
- Visualize the workflow
- Reduce levels of work in progress
- Identify delays in the workflow and explain how to eliminate or reduce them
- Illustrate feedback cycle time and its benefits
What You Should Know Before
There are no prerequisites to enroll in the course. A cursory understanding of agile is helpful.
Time Investment
The course is 14 hours of instructor-led content with optional on-demand video courses. Here are the delivery options available:
- Two days, 8 hours per day with breaks
- Four days, 4 hours per day with breaks
How to Get Professional Recognition by Success Mentors University and Process Mentors
Upon completing this workshop, you will receive a certificate and a virtual badge from Process Mentors, issued through Success Mentors University, to validate your attendance.
- Certificate of Attendance
- SMU Virtual Badge
Gain a Value Delivery Mindset
- Introduction
- Lesson 1: Value Delivery Mindset
- Lesson 2: VSM not VSM
- Lesson 3: Why Value Stream Management
- Lesson 4: Agile Lacks End to End Flow
- Exercise: Let’s go to Starbucks
- Lesson 5: Defining Consumable Value
- Lesson 6: Identifying Value Streams
- Exercise: Map Your Value Stream
- Lesson 7: Problem with Projects
- Lesson 8: The Minimum Value Increment (MVI)
- Exercise: MVI Template Builder
- Lesson 9: Developing a Portfolio Backlog
- Exercise: Identifying MVIs
- Lesson 10: End-To-End Value Delivery Flow
- Lesson 11: VSM End-To-End Flow Roles
- Exercise: Sizing and Value Scoring MVIs
- Lesson 12: The Discovery Workflow & Intake Queue
- Lesson 13: Visualizing the Workflow
- Exercise: Identifying Delays
- Lesson 14: Value Flow Planning
- Lesson 15: Systems Thinking
- Conclusion