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Value Stream Maps & Integrated PM

Value Stream Maps & Integrated PM

"If we follow the Integrated PM approach, then at some time we’ll need to leverage the benefits of Value Stream Mapping, but currently we haven’t even recognized the project flows, let allow map, manage, and improve them."

A Value Stream Map (VSM)is used in Integrated PM system to facilitate the management and improvement of project stocks and flows, while improving the overall performance of projects. The VSM consists of three main components:

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Value Stream Mapping for Project Performance

Value Stream Mapping for Project Performance

"If We use Value Stream Mapping in our projects, then we can more easily identify wastes and information flow constraints, but we must know how to develop value stream maps quickly from project WBS templates."

Reducing waste and improving material flow are two of the primary goals of Lean. In order to reduce or eliminate waste, you have to understand where it exists in your process, and a value stream map (VSM) is designed to enable you to do just that. Toyota developed its material and information flow maps, on which the VSM format is based, specifically to see waste and its causes.

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Knowledge Management and Systems Thinking

Knowledge Management and Systems Thinking

“If I promote knowledge management (KM) within my organization, then others will sponsor, endorse, inspect, use, and promote the KM program, but Integrated PM will need to be a primary focus in our project centric organization."

Getting key stakeholders, champions, and users on board with Integrated PM will help the continuous performance improvement initiative grow, spread, and flourish. Failing to do so, will give rise to doubters, skeptics, and naysayers- who can subvert, undermine, and block progress.

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