Editors’ Voice – March 2018

By Jill Woller, CVS-Life, FSAVE, and Travis Godsoe, VMA

While the Value Methodology is the primary structure that we all follow, numerous additional resources available to us all can help to extract the most value out of the process. This month’s issue of Value World features an emphasis on tools for value practitioners.

The Education Column continues the series on economic techniques for the core competency of cost analysis with an introduction to breakeven analysis, a key concept in our industry for the comparison of alternatives.

Jodie Puzio’s article, “Optimizing One’s Strengths Optimizes Value”, describes how the StrengthsFinder 2.0 method can be helpful to leaders of value studies both from a personal development standpoint and as an evaluative technique.

We have seen encouraging international developments highlighted in this month’s issue from the SAVE International Eastern Mediterranean & Africa (EMA) Chapter and the new Taiwan Chapter. In another featured article, Drew Algase discusses the news coming from the OPEX (Operational Excellence) conference in Florida, including an emphasis on new and improved tools and techniques, and sees opportunity for the promotion of VM in business transformation.

The incorporation of tools into one’s repertoire is a necessary step towards growth and development, but there is no substitute for going out and putting those tools to use. As Washington Irving once said, “One of the greatest and simplest tools for learning more and growing is doing more.

We encourage the sharing of new perspectives and resources to strengthen our toolkits. Value Methodology applies to a broad and diverse set of projects and situations, and is able to adapt to each circumstance, largely due to its practitioners’ ability to match the teams’ skillsets to the problem being addressed, while respecting the VM Job Plan structure. New learning supports this goal.