Value analysis is a systematic effort to reduce the cost or improve the performance of a service or product.

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Value analysis is a systematic process that aims to improve the function, quality, and performance of a product or service while reducing costs. It involves analyzing each component of a product or service to identify areas for improvement and cost savings. The goal of value analysis is to achieve the best possible value for a product or service by optimizing its performance and reducing its costs.

Value Analysis Is a Systematic Effort to Reduce the Cost