Now that you know the three categories, you can track each of the activities involved in the work process. You will need to track each activity involved in the work item's process and the time it takes to complete the activity.

click to enlarge
Once you have the data, you can make your time value map. The map will look very much like the one to the left, created by Dylan Jones for the article
"Lean Techniques to Help Your Data Quality Improvement Initiative."
The center line is the timeline for the entirety of your project's duration. Above this line, you will chart the activities that are value-added work at the appropriate time on the time line. Below the timeline, you will track the waste. The creator of the chart used two different colors to differentiate between unavoidable and avoidable waste.
Finally, once you have a visualization of the time value in your project, you can begin to eliminate areas of waste and improve the quality and speed of your work item process.