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Value
Analysis,
How???
Value Analysis
Value Analysis
Value: The ratio between a function for customer satisfaction and the cost
of that function. It is the least cost that can achieve reliably a function or a
service.
Value of a product = Performance of the function / Cost
Need: Something that is necessary or desired by a customer
Function: The effect produced by a product or by one of its elements, in
order to satisfy customer needs.
Value Analysis: A systematic process that is used to increase the value of
an object that is achieved by providing required functions of a product
at lowest overall cost consistent with achieving the required quality,
performance and market acceptance.
VA team refers to a team/group/committee of cross-functional
technicians who follow a stated workplan to accomplish VA objectives.
The object can be a product, a system, a process, a procedure, a plan, a
machine, equipment, tool , a service or a method of working.
Value Analysis
Value Analysis
Important Note
Focus your VA on the main function, because, during the analysis, the
secondary functions may change. The group/committee/team may
choose different secondary functions to realize the main function.
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Value Analysis
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1.
Stage
Description
2.
ANALYSIS
3.
RECORDING
IDEAS
INNOVATION/
CREATIVITY
4.
Value Analysis
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5.
Stage
Description
EVALUATION
6.
7.
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2.
3.
4.
New ideas that arise from the creativity/innovation phase, may add
radical changes.
5.
6.
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9.
VA process often allows to root out practices that have grown out of date
and can be replaced with more modern approaches.
10. VA can uncover design flaws that not only operate inefficiently but also
create problems. In the case of a product, this could mean a high rate of
malfunctioning items, creating customer complaints and warranty claims
that put a strain on personnel and inventory departments.
Value Analysis
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Abbreviation
Description
FA
Functional Analysis
GE
General Electric
TQM
VA
Value Analysis
VE
Value Engineering
VMTs
Value Analysis
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Value Analysis
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Thank
You!
Ahmad Tariq
Bhatti
FCMA, FPA, MA (Economics), BSc
Dubai, United Arab Emirates
Contact details:
At.bhatty@gmail.com
Th
e
En
d.
Value Analysis
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