As a user, I would like to be notified when a field is set to a specific value. For example, if any other user creates a new issue or edits an existing issue and sets the Component to "TestConductor", I would like to receive an email to let me know this issue now has component set to TestConductor .
An alternate idea if this capability is not available- can I create a report that I can run to poll the issues to see if any have Component set to "TestConductor"?