Value system
The framework introduces roles that manage value streams. The system includes the presentation of value streams and their measurement. The following step in the flow that changes the value is the converter. Flow management requires determining business value, measuring it in each task, and verifying that value further down the flow.
Deliverable business value should be visualized as a set of reports. These reports provide performance benchmarks for each team, allowing them to improve their work.
Designing value streams is not as easy as it might seem at first because large companies have divisions operating in several different business areas.
Domains and Policies
For each converter in the value system, it is necessary to present general requirements. These requirements should cover all characteristics of the converters and allow them to work with all parts of the flow effectively.
Policies define general and particular rules for working with flow converters.
Metrics and Reporting
It is necessary to measure the entire cycle of value for each team - the value supplied by the team (transducer), consumed by customers, supplied by the company's customers, and value delivered to the team within the company.
Reports on periods by segments of the flow create a three-dimensional picture of the work of the entire business. In addition, it is helpful to see trends in value change, where the team can catch negative or positive trends.
Each converter receives a value stream as an input and generates value as an output. Value conversion measures the converter's efficiency, which is a crucial metric for the team.
Practice catalog
The team can build any business process based on business value indicators. However, there are no universal solutions, and in this regard, Aeilus gives a hint about how business processes are designed. The Aeilus community accumulates knowledge in an extensive catalog of practices, allowing for more efficient processes to be found in individual areas. It is necessary to assemble a business process from individual practices, such practices are cataloged, and the experience of their implementation and use is recorded for further analysis.