Implementing Value Stream Management (VSM) in software development teams can significantly enhance efficiency and productivity by eliminating non-value-adding practices, setting measurable goals, and fostering a positive work environment. VSM involves a three-phase process—analysis, design, and implementation and integration—where teams analyze current processes, design new efficient workflows, and integrate these improvements while measuring progress against set goals. Best practices for VSM include establishing clear objectives, collecting and analyzing data to identify improvements, creating a value stream map, and continuously optimizing processes. Challenges in VSM implementation, such as incorrect time and cost estimation, inadequate resources, and resistance to change, can be mitigated with proper preparation and planning. Feature Management & Experimentation tools can further streamline VSM by automating data collection and analysis, thereby reducing costs and enhancing process optimization through predictive analytics and machine learning. Overall, VSM helps teams deliver higher-quality products faster and stay competitive in the evolving software market.