Value Analysis
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Revision as of 18:38, 28 February 2018
Abstract
Value Analysis is a systematic tool which can be used to improve the value of a product or process by analyzing its constituent components and the associated costs [1]. The overall objective is to find improvements to the components by reducing their cost and/or increasing the value of the functions.
This article will describe each step required to perform a Value Analysis as well as suggesting tools that can be used during each step. The Article can be used as a template when performing a Value Analysis.
