Value Stream – Two Fundamental Stages (TOGAF) • Value Creation Activities and capabilities that generate potential value for a stakeholder Transforms inputs (requests, data, materials, demand) into outcomes Enabled by business capabilities, processes, information, and technology Focuses on producing something of worth, but value is not yet realized • Value Realization (Value Delivery) The point at which the stakeholder receives and recognizes the benefit Occurs when outcomes are delivered, used, or measured Expressed through results such as customer satisfaction, revenue, efficiency, risk reduction, or compliance Confirms that the created value has been successfully delivered Summary: • Value Creation produces potential value • Value Realization confirms and captures actual value