An expanded answer on Efficiency and Speed in a technology setting
We have to look at the process (the steps to creating value – A/K/A “Value Stream” in SAFe ) … and then identify where the inefficiencies slowdowns are at within that process.
There are eight main kinds of wastes that, if/when fixed, leads to efficiency and speed you need.
1) Too much stuff (Over production / Extra Features)
In technology, these are extra features created unnecessarily.
2) Waiting (Delays)
Customers waiting for their “Valuable” stuff to get attended to and done. Remove wasteful steps. This will reduce lead time or wait time.
How long is the wait? Use Little’s Law to calculate Wait Time.
Wait Time = Work In process divided by Delivery Rate
To be continued…
