According to DIN 69 910, value analysis is a system for solving complex problems. The value analysis method originally developed by General Electric has meanwhile found widespread use. In particular, it is used frequently in the context of reengineering and cost management measures. It includes the interaction of the system elements management, method and behavior. As part of a structured process, it pursues the goals of increasing productivity, increasing benefit (for manufacturers, users, the general public) and improving quality. A value analysis project has the following phases:
Preparatory measures (selection of the value analysis object, definition of the task, quantification of the goal, formation of a working group).
Determination of the current state (obtaining information, describing the object, describing functions, determining function costs).
Verification of the statements made so far (verification of the fulfillment of functions, verification of the determined costs, verification of the necessity of functions and costs, determination of the target functions).
Collection of possible solutions.
Examination of the solutions (for factual feasibility and economic viability).
Completion of the project assignment (evaluation and comparison of the solution approaches according to costs, results and time expenditure, selection and recommendation of a solution by the team, implementation of the proposed solution).