Value Analysis definition

Value Analysis means a life cycle costing approach to valuing a given alternative, which calculates the long term expected impacts of implementing the particular option.
Sample 1Sample 2Sample 3
Value Analysis means the continuing evaluation by the Construction Manager of the Drawings, Specifications, related design concepts, and design documents, throughout the design and construction phases of the Project, whereby the Construction Manager proposes and the Project Team determines the most advantageous value added design substitutions or solutions, as approved by Owner, with the goal of an integrated design that encompasses life cycle cost analysis and functional analysis according to evaluation criteria established by the guidelines of the Society of American Value Engineers (SAVE).
Sample 1Sample 2
Value Analysis means an analysis of the functions of a programme, project, system, product, items of equipment, building, facility, service or supply by a person, directed at improving performance, reliability, quality, safety and life-cycle. (2) For the purpose of this act “procurement “does not include:-
Sample 1Sample 2

Examples of Value Analysis in a sentence

  • Agree to other workshop administrative details The workshop must be conducted under the methods described in the Department's Value Analysis Team Guide available at: http://www.dot.ca.gov/hq/oppd/value/ The facilitator must be a certified value specialist as recognized by the Society of American Value Engineers.

  • Agree to other workshop administrative details The workshop must be conducted under the methods described in the Department's Value Analysis Team Guide available at: http://www.dot.ca.gov/hq/oppd/value/The facilitator must be a certified value specialist as recognized by the Society of American Value Engineers.

  • As provided by statute, award will be based on Best Value Analysis, (Lowest Price Technically Acceptable Source Selection Method in accordance with 09 NCAC 06B.

  • As provided by statute, award will be based on Best Value Analysis, Lowest Price Technically Acceptable Source Selection Method in accordance with 09 NCAC 06B.

  • The Consultant shall give a copy of the offer letter, plan summary letter and approved appraisal or the Value Analysis, to the property owner(s) when making the initial offer to the owner(s).

  • Agree to other workshop administrative details The workshop must be conducted under the methods described in the Department's Value Analysis Team Guide available at:http://www.dot.ca.gov/hq/oppd/value/ The facilitator must be a certified value specialist as recognized by the Society of American Value Engineers.

  • If authorized, the Contractor shall in coordination with the AOC, the Architect or Engineer, and other third parties (as necessary and authorized by the AOC), provide the following: Value Analysis: Conduct value analysis workshops at 50% and 90% Working Drawing stages to confirm that all project and construction costs have been identified.

  • LSV uses the Quantitative Value Analysis Method and Software to market its investment advisory services.

  • Purchasing – Objectives, Functions, Policies, Vendor rating and Value Analysis.

  • Providing a Value Analysis Study at the conclusion of this phase to assist in this effort is a tool to assist in reconciling the project to the budget and may provide some value but does not alleviate the architect's contractual responsibility.


More Definitions of Value Analysis

Value Analysis means a systematic and objective evaluation of the function of a product and its related costs, whose purpose is to ensure optimum value.]
Sample 1

Related to Value Analysis

  • risk analysis the analysis required under Rule 17f-7(a)(1)(i)(A).

  • Applied behavior analysis means the design, implementation, and evaluation of environmental modifications, using behavioral stimuli and consequences, to produce socially significant improvement in human behavior, including the use of direct observation, measurement, and functional analysis of the relationship between environment and behavior.

  • Comprehensive resource analysis means an analysis including,

  • Rebate Analyst means the person or firm selected by the Issuer to calculate the Rebate Amount, which person or firm shall either be a firm of attorneys or independent certified public accountants with expertise in the calculation of the Rebate Amount.

  • Stability (7) means the standard deviation (1 sigma) of the variation of a particular parameter from its calibrated value measured under stable temperature conditions. This can be expressed as a function of time.

  • Sample means urine, blood, breath, saliva, or hair.

  • Studies means activities needed to prepare project implementation, such as preparatory, mapping, feasibility, evaluation, testing and validation studies, including in the form of software, and any other technical support measure, including prior action to define and develop a project and decide on its financing, such as reconnaissance of the sites concerned and preparation of the financial package;

  • Analysis means the testing or examination of any matter, substance or process for the purpose of determining its composition or qualities or its effect (whether physical, chemical or biological) on any segment of the environment or examination of emissions or recording of noise or sub-sonic vibrations to determine the level or other characteristics of the noise or sub-sonic vibration or its effect on any segments of the environment;

  • Endpoint means any Federal Reserve Bank, financial institution, local clearing house, courier or other entity or location for the delivery of cash letters or other presentment of Imaged Items or Substitute Checks.

  • Study means the investigation to be conducted in accordance with the Protocol.

  • Dataset means the data specified in Appendix 1 (Environmental Information) to Schedule 11.2 (Management Information) as the same may be amended from time to time by the Secretary of State (acting reasonably);

  • Quality Assurance means a systematic procedure for assessing the effectiveness, efficiency, and appropriateness of services.