Sunday, December 8, 2019

2. Get all available costs - Value Analysis




_______________

_______________


Cost data are produced in companies to support financial statements and tax statements. Hence a value engineer has to get all available costs and assess their utility for his decision making purpose. When costs are utilized for decision making they have to make economic sense. An example was given by Miles, wherein inappropriate cost allocations and decision report higher cost figures for an item.

No comments:

Post a Comment