By Drew Algase, CVS-Life, FSAVE – Chairman, Miles Value Foundation; and Bruce Lenzer, CVS-Life, FSAVE, CQM/OE, CLA – President, Miles Value Foundation
In 2006, the Lawrence D. Miles Value Foundation (MVF) took on the task to create a concise guide to the value methodology (VM). This resulted in the writing and publication of The Value Methodology Pocket Guide in 2008. Since then, several thousand copies have been delivered to users, practitioners, students, and leaders of the value methodology across the globe. This guide is similar to other Memory Joggers and guides published by Goal QPC, who is also the publisher of this guide for the MVF. As with many bodies of knowledge, VM has had some advances, expansions, and improvements over the years. Thus, the 2nd edition is ready for publication. Some notable features include:
- Chapter 7, “The Value Methodology 6 Phase Workshop Job Plan.” Includes a major alignment of information consistent with the Function Analysis Guide, authored by the MVF and published by SAVE International® in 2016. The Function Analysis phase now incorporates FAST diagraming as an essential technique in this phase rather than as an appendix.
- Updates to be consistent with the SAVE VM Standard and ASTM E.1699
- Inclusion of Value Enhancing Methods (VEM) as Appendix A
- Adding 6-Sigma as a VEM
- Updated the glossary of VM terms
- Updated sources and references
- Content additions and edits to the VEMs in the Appendix
- Various edits to ensure consistency with other SAVE and MVF published materials
The 2nd edition will be available by the time of the 2018 Value Summit in Austin, Texas.
Many thanks to several MVF Board members who addressed and authored these changes, which include:
- Drew Algase, Chairman
- Bruce Lenzer, President
- Jim Bolton, Executive VP
- Steve Kirk, VP Education
- Jim Rains, Past Chairman, Retired
- Jim Vickers. Treasurer
Special thanks to Ginger Adams and Tammy Dow who helped with reviews and suggestions to improve parts of the guide.
Look for more information in the May issue of Value World.
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