strategy

Applying value analysis

Synonyms:
Using technique of value control
Value engineering
Description:
Value is here conceived to be the lowest price that must be paid to provide a reliable function or service. Using the technique sensitizes planners and developers to achieve the absolute minimum cost compatible with functional requirements (through constant focus on questions such as: what is it ? what does it do ? what does it cost ? what is it worth ? what else will perform the same function ? what does that cost ?). Considerable cost savings may be achieved.
Type Classification:
D: Detailed strategies
Related UN Sustainable Development Goals:
GOAL 9: Industry, Innovation and InfrastructureGOAL 17: Partnerships to achieve the Goal