What do you know about IT Value Stream Management? Share your thoughts

A value-stream manager is a person that is responsible for increasing the ratio of value to non-value, and eliminating waste in the overall supply chain from start to finish, for a defined product family; and for ensuring that the value stream meets or exceeds customer requirements.

The value-stream manager is responsible for the following activities:

1. Defining the product family by conducting product routing analysis and appropriate groupings.
2. Ensuring that a current state value stream map is created of the end-to-end value stream(s).
3. Conducting fact-based analysis of the current state map(s).
4. Preparing an ideal state map showing what the value stream could look like in the long term.
5. Preparing a future state map that uses lean techniques to eliminate waste and improve process value in the short to mid-term.
6. Creating a plan to achieve the future state.
7. Leading the implementation of the plan.
8. Leading and mobilizing the people inside and outside of the value stream to enable the required changes. (Including customers and suppliers)
9. Leading the day-to-day activities within the value stream to ensure that current commitments are achieved while improvements are being made.

Ref. http://www.lean.org/common/display/?o=221