Definition:
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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Related-Concepts
• 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.