Tuesday, April 9, 2019

What is the meaning of the word "Value" in Value Analysis and Value Engineering?



Miles clarified the meaning in his books.

The word value has many meanings in common usage.

But in the method, value analysis and value engineering, it means keeping performance and achieving lower costs.  Improving value means, keeping performance and achieving lower costs.


Value work expands markets and jobs.

L.D. Miles, Second Edition, Pages 6 & 10


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