Definition:
Concept Number: *349
English Master: Value-to-Cost-Score
Synonyms, Variations & Acronyms: none
Detailing
The Scale is 0 to 9, where 9 is the score representing highest value, or highest Cost. The first number is the Value estimate, and the second is the Cost estimate.
Illustrations
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Type
Design Analysis Metric.
Examples
Step 1: Modify Old System with New Computer Hardware -> 6/1 Value-to- Cost Score.
Step 2: Optimize Software -> 7/3.
Step 3: Reduce Sales Price -> 5/3.
''Three Elementary-Steps with the “->“ Impacts symbol used to indicate that the particular step “impacts” by the specified ratio. We do not say exactly what it Impacts, since the ratio is general, subjective, and covers all values and costs (which are not actually identified).
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Notes
1. An example of “9/1” for an Evo-Step would indicate high value for the step and very low Cost. The ratio can be used to prioritize and sequence Evo- Steps.
2. This method cannot replace more-detailed estimations, based on quantified Requirements and Value-Decision. But, it is useful in meetings and for discussion purposes, when the rigor of multiple Requirement quantification would be unnecessarily formal.
Keyed-Icons
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Drawn-Icons
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Related-Concepts
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History-of-Concept
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This Concept entered by Jon Bundy.