Value Analysis


The value analysis concept describes a methodical approach to sharpening the efficiency and effectiveness of any process. The concept reviews the strengths and capabilities of value analysis and provides a detailed account of how to implement it within the organisation.

Technique Overview

Value Analysis Definition

Value analysis (VA) 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 (British Standards Institution, 1992).

Value Analysis Description *

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Business Evidence

Value Analysis Strengths *

Value Analysis Weaknesses *

Examples of Value Analysis *

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Business Application

Value Analysis Implementation *

Success Factors of Value Analysis *

Measures of Value Analysis *

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Professional Tools

Value Analysis Videos *

Value Analysis Downloads *

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Further Reading

Value Analysis Web Resources *

Value Analysis Print Resources *

Value Analysis References (4 of up to 20) *

  • British Standard Institution (1992) Glossary of Terms Used in Management Services. BS 3138.
  • California Department of Transportation (2007) Value Analysis: Project Development Procedures Manual. [online] Available at: (www.dot.ca.gov/hq/oppd/pdpm/chap_pdf/chapt19.pdf) Accessed [19 December 2011].
  • Caswell, N.S., Nikolaou, C., Sairamesh, J., Bitsaki, M., Koutras, G.D. and Iacovidis, G. (2008) Estimating Value in Service Systems: A Case Study of a Repair Service System. Service Science: Management, and Engineering, Vol. 47(1), pp.87-100.
  • CIPS Australia (2007) What is a Brand? The Knowledge Club. Iss. 5, March. In CIPS Australia (2007) The Knowledge Club Compendium, Iss. 5-8.

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