value analysis


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value analysis

or

value engineering

the evaluation and review of a product's DESIGN, with the aim of reducing its material or manufacturing cost without impairing its function or performance. By examining all a product's components and their manufacture it may be possible to identify cheaper raw materials to replace expensive ones, or opportunities to reduce the degree of precision with which components are made. See CONCURRENT ENGINEERING, LEAN MANUFACTURING.
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highway andornaktEilya-nagytEilya-maklEir bypass, value analysis, preparation of "use value analysis of road management projects," according to the planning guide was.
CIMA's official definition is that value analysis is a "systematic interdisciplinary examination of factors affecting the cost of a product or service, in order to devise means of achieving the specified purpose most economically at the required standard of quality and reliability".
Value analysis is a methodological tool for initiating innovations of existing or proposed technical products.
Corporations' lack of emphasis on value analysis can be traced to the nature of the corporate organization, coupled with the old structure of financial markets.
Value analysis is a methodology that concentrates on optimization of product value.
Gerry Marsh is the founder and a principal of Ernst & Young's High-Tech Analyst Group, a management consulting firm specializing in shareholder value analysis.