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Value-To-Cost-Ratio

Definition:

The Value-To-Cost-Ratio is a numeric expression of perceived Stakeholder value to estimated or actual costs, for a set of Design-Ideas or for an Evo- Step.

Alternative Names

Concept Number: *635
English Master: Value-To-Cost-Ratio
Synonyms, Variations & Acronyms: none

Detailing

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Illustrations

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Type

Design Analysis Metric.


Examples

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Notes

1. It is useful for making comparisons of design alternatives and proposed Evo-Step alternatives, in order to pick the one with the best Value-To-Cost- Ratio.

2. Bear in mind that for a given set of Design-Ideas or Evo-Step, the Value- To-Cost-Ratio will differ from Stakeholder to Stakeholder.

3. Value-to-Cost-Scores can be used where High-Level discussion is appropriate, and detail is not available. Maybe as a Result, the best options can be identified for further investigation to estimate their Value-To-Cost- Ratios.

4. “Value-To-Cost-Ratio” must be distinguished from “Performance-to-Cost- Ratio.” Performance-to-Cost-Ratio is an estimate/measure of the percentage performance improvement, which will be delivered/is delivered compared to Cost.


Keyed-Icons

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Drawn-Icons

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• Value *269
Cost *033
Value-to-Cost-Score *349
• Performance-to-Cost-Ratio *010


History-of-Concept

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This Concept entered by Jon Bundy.

Created by system. Last Modification: Thursday 11 of July, 2019 21:08:52 CEST by Admin (Kai).

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