Value analysis

Forget cost management – think ‘value management’

  In tough economic times, management may take a ruthless approach to various areas of the business where they perceive costs as being too high. For example, they immediately cut the marketing budget – when in fact marketing may be more critical than ever before. Or they trim down expenditure on IT systems, when investing […]

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Value analysis and value engineering: the essentials of collaboration to improve the value equation

  Handled poorly, rationalising the design of goods or services to extract greater value or lower costs has the potential to sour internal and external relationships. To prevent relationships from deteriorating ensure that you include everyone who can make a meaningful contribution to a value analysis (VA) and value engineering (VE) project, Grant Wall of Grayle

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