4.5.18. Glossary (Value Stream Mapping - WIP Limits)

The final set of glossary terms, covering value delivery, organizational support, flow metrics, and work management.

• Value Stream Mapping (VSM): Lean technique to analyze the flow of value delivery and identify waste. Practical Context: Helps visualize and optimize end-to-end processes.
• VDO (Value Delivery Office): Organizational entity often focused on enabling agile practices. Practical Context: May provide coaching, standards, support for agile/value delivery functions.
• Velocity: Measure of team's work completion rate per iteration. Practical Context: Used for forecasting; should not be a performance target.
• Velocity Chart: Chart tracking the amount of work a team completes per iteration. Practical Context: Visual tool for understanding team capacity and trends.
• VUCA: Acronym for Volatile, Uncertain, Complex, Ambiguous environment. Practical Context: Describes the challenging nature of many project environments requiring adaptability.
• Waste (Lean): Non-value-adding activities (TIMWOOD/DOWNTIME). Practical Context: Identifying and eliminating waste (like defects, waiting, overproduction) improves efficiency.
• WBS (Work Breakdown Structure): Hierarchical decomposition project scope into smaller, manageable deliverables (predictive). Practical Context: Organizes project work around deliverables.
• Wideband Delphi: Iterative expert consensus estimation technique. Practical Context: Leverages multiple experts for more reliable estimates.
• Whole Team Approach: Cross-functional team with all necessary skills. Practical Context: Agile principle promoting collaboration and shared responsibility within the team.
• WIP Limits: Kanban constraint on work in a process stage. Practical Context: Helps prevent bottlenecks and improve flow by limiting multitasking.