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Product-Value

Definition:

alternative1: how well the system does what it does as experienced by Stakeholders.
alternative2: how well the system does its Product-Functions as experienced by Stakeholders.
alternative3: how well the Product-Function performs as experienced by Stakeholders.

Alternative Names

Concept Number: *125
English Master: Product-Value
Synonyms, Variations & Acronyms: Quality Product-Quality

Detailing

Each alternative is really the same, but 2 & 3 are more precise.
includes; Qualities, system-performance, capacity.
describes the interaction between a Product and a Stakeholder.


Illustrations

Product-Value.png
Illustration: interactions are everything. We would not even know of an apple, had it not been for the interactions between the apple and us. We see, feel, taste and smell it etc. These interactions between the apple and us, I call interacting Qualities or Product-Values. The Qualities of an apple (or any Product) are what make us appreciate it. It might look-, smell-, feel-, great or less so. It will be healthy or less so. It will store well or rot fast.
We choose to buy and eat one food (or any Product), rather than another, based on the Product-Values that we want. To develop or buy an apple we must understand its Product-Values, the same holds true if we want to successfully develop any Product or Service.

Product-Values are vary in size, intensity, value etc. To clearly describe such a variable, it is best to use numbers. See Quantification-Scale.


Type

Value
Scalar



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This Concept entered by Kai.

Created by system. Last Modification: Sunday 27 of October, 2013 02:48:41 CEST by Kai Thomas Gilb.