3.1.3 Value Stream Management Quiz

What is the main principle to follow when deciding the working time versus cycle time for an activity?

• Be neutral

• Be conservative

• Be flexible

• Be aggressive

What percentage of processes in an organization are typically considered waste initially?

• 50%

• 60%

• 80%

• 70%

What is Value Stream Analysis used for?

• Ignoring waste

• Creating more waste

• Optimizing results by eliminating waste

• Increasing waste

Which of the following is NOT one of the Five Simple Principles of VSM?

• Specify value from the standpoint of end customer

• Ignore the customer

• Make the product flow

• Identify the value stream for each product family

What is the first step in the Value Stream Process Steps?

• Gather data and develop current state

• Develop future state and action plan

• Execute plan

• Prepare

What is the second step in the Value Stream Process Steps?

• Prepare

• Develop future state and action plan

• Execute plan

• Gather data and develop current state

What is the third step in the Value Stream Process Steps?

• Prepare

• Execute plan

• Develop future state and action plan

• Gather data and develop current state

What is the fourth step in the Value Stream Process Steps?

• Execute plan

• Develop future state and action plan

• Prepare

• Gather data and develop current state

What is the fifth step in the Value Stream Process Steps?

• Gather data and develop current state

• Execute plan

• Develop future state and action plan

• Prepare

What is the main goal when managing toward perfection in VSM?

• Ignore waste

• Reduce waste

• Maintain waste levels

• Increase waste