Describe Value-Stream Mapping

question 7

Essay

Describe Value-Stream Mapping. Explain how it is different from process mapping.

---

Definitions:

Developing

The act of growing, enhancing, or improving something, often applied in contexts such as software development, business strategies, or personal skills.

Planning

The method of establishing objectives, formulating plans, and defining activities and timelines to achieve these objectives.

Expected Results

Expected results describe the anticipated outcomes or performance of a project, plan, or investment, based on projections or prior experiences.

Operating Results

The outcomes of a company's regular business activities, including revenue, expenses, and profits or losses.