What’s More Important with Value Analysis Results – Cost, Quality, or Neither?

I cannot tell you how many times I have seen value analysis defined as cost over quality equals value. That cannot be further from the truth and is just simply taking the two words “value” and “analysis” and trying to define an outcome. The reality is that cost nor quality matters in the value analysis equation. Those may be part of your goals to save money and improve quality, but they are not the meaning or the end game with a value analysis study. Value analysis has always been clearly defined and process driven with the key principles that will allow you to clearly meet your goals exactly.