Oct ’24 – VALUE
Week 3 – Value Chains and Simple Spreadsheet Models
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Week 3 – Value Chains and Simple Spreadsheet Models
This week we turned our attention to the NUMBERS! We talked value chains – turning qualitative value into quantitative value that can be used to make a case for resource allocation. We also explored a simple spreadsheet model to better understand our issue/topic/project. These tangible tools can really help propel a project forward.
- All you need is simple math. No calculus, algebra, algorithms, or or 10 page spreadsheets are required! Start simple and shed the notion that all the numbers have to be validated and exact. The purpose is to better understand the issue and build a case for your project.
- Capitalism sucks, but valuation is valuable. In many of our organizations resources are finite and multiple important projects vie for attention. Demonstrating quantitative value for your project can help you and your colleagues choose between the multiple possible next tight actions.
- Quantifying a thing leads to insights you might not expect. Dan leaned into the example of measuring and assigning value ($ lost) to staff call outs. By collecting the data and shining a light on the value, we build resources and curiosity to better understand the root causes behind the call outs.
- Transparency in valuation is powerful. Using simple, easy to understand frameworks to communicate value can support organizations in sharing that information with staff. When staff know the why behind decisions it’s easier for them to throw their support behind it.
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