Value analysis

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Value analysis

  1. 1. <ul><li>PRESENTED BY </li></ul><ul><li>DEEPAK KHANDELWAL </li></ul>Value Analysis
  2. 2. Value Analysis <ul><li>Value Analysis is an technique to analyze functions of a product or services to achieve required functions at the lowest cost ensuring its performance. </li></ul><ul><li>Value is determined in terms of cost and function. </li></ul><ul><li>The value of a product can be improved by the following:- 1. Improving function (keeping cost constant). </li></ul><ul><li>2. Reducing cost ( keeping function constant). </li></ul><ul><li>3. Both by improving function as well as reducing cost. </li></ul>
  3. 3. Classification <ul><li>1. Use value – Properties / qualities which are useful and which enable the accomplishment of the purpose. </li></ul><ul><li>2. Esteem value – Aesthetic features or other factors which attract customers to possess it. </li></ul><ul><li>3. Exchange value – Properties that enables the customer to exchange it for anything else . </li></ul>

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