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value analysis

Syllabification: val·ue a·nal·y·sis

Definition of value analysis in English:

noun

The systematic and critical assessment by an organization of every feature of a product to ensure that its cost is no greater than is necessary to carry out its functions.
Example sentences
  • He tended to analyze problems using straightforward frameworks such as present value analysis and basic valuation models.
  • Concepts such as standardization, procurement, budgets, and value analysis can be difficult to learn outside of a formal education program.
  • The value analysis team reviews all new products.

Definition of value analysis in:

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