Value Analysis

The Quality Toolbook > Value Analysis

When to use it | How to understand it | Example | How to do it | Practical variations

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Value Analysis is used to determine and improve the value of a product or process.

• When to use it: Situations when it is useful.
• How to understand it : Details of how it works.
• Examples : Some examples of usage.
• How to do it : Step-by-step instructions on using it.
• Practical variations : Variants and variation.

Notes

Value Engineering is the same tool as Value Analysis, but applied during the design phase, to understand and optimize the value of each component of a product or service.