About VA

Value Analysis recognizes that good value is achieved when the necessary performance can be accurately defined and delivered at the lowest life cycle cost. The Value Methodologies result in benefits to both the individual and the organization.

The benefits to the individual of Value Analysis/Value Engineering include:

• A systematic approach to solving problems.
• Self-satisfaction from contribution their ideas to solution and in participating in an energetic workshop.
• Improvements in their knowledge and abilities because workshop team members with different backgrounds share their expertise during the VA workshop.
• Participation in a transparent process that results in more informative decisions.

The benefits to the organization of using Value Analysis/Value Engineering include:

• A Return of Investment typically ranging from 20:1 to 100:1
• Cost savings while achieving required functions
• Improved understanding of the project and validation of costs
• Improved stakeholder engagement,
• Objective selection among competing priorities or solutions,
• Definition, understanding and measurement of the values related to the project, product, process, or service
• Improvement in corporate culture through enhanced creativity and the introduction of new ideas and approaches ,
• Expedited project schedules,
• Improved quality.