value analysis

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value analysis

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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Paper P2 Performance Management: Value analysis, value engineering and functional analysis are cost-reduction techniques that are closely related to target costing. They have similar characteristics, yet differ in fundamental ways

Value analysis is a methodological tool for initiating innovations of existing or proposed technical products.

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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.

The challenge of governing for value

Value analysis is a methodology that concentrates on optimization of product value.

Value optimization and risks elimination of product

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.