Value Streams

Which one of the following is not a characteristic of a value stream?

• Value streams take an inside-out perspective.
• The value stream has a direct linkage to an organization’s business model.
• The process of mapping value stream stages to business processes is a reflection of operating model-level decisions about how to segregate a business model into the various different ways that an organization can structure itself.
• A single value stream stage can map to one or more business processes.

Value streams are defined using four standard elements, which are________________.

• Name, Description, Stakeholder, Value
• Reference, Organization, Process, Building Blocks
• Reference, Organization, Name, Value
• Name, Organization, Level, Value to the customer

Each value stream stage comprises these elements:

• Name, description, stakeholder, entrance criteria, exit criteria, value item
• Entrance criteria, exit criteria, value
• Named organization, business value, personnel assigned
• A description and a statement of value

The purpose of mapping capabilities to a value stream is to_____________

• Identify which business capabilities are critical to delivering stakeholder value 
• Identify which business models are critical to delivering stakeholder value.
• Enable business architects to quickly educate executives to the value of a service/product.
• Identifying a cross-functional reference to tools and functions.

Which one of the following is not a guiding principle to create value streams?

• Clearly defined triggering process
• Clearly defined triggering stakeholder
• Start with external value streams
• Keep it concise

A value stream is decomposed into value stream stages by 1) defining the value stream, and 2) decomposing the value stream into a sequence of value-creating stages.

• true
• false

Which one of the following statements is true about mapping value stream stages to business capabilities?

• Pull together the right business stakeholders and subject matter experts to map out a draft value stream.
• Specify the underlying processes, roles, information, or technologies that are required to execute.
• Identify the major activities or stages that deliver the most basic business values.
• The business case model describes the value stream stages that generate the desired business impact.

Heat maps are effective in helping to map value streams/value stream stages to business capabilities by providing a graphic illustration where values positively or negatively affect business processes.

• true
• false