Loading...
 

definition-Value-to-Cost-Score

Definition:

The Value-to-Cost-Score is a simple numeric scoring mechanism, sometimes used in meetings to share opinions, and to arrive a consensus about the value and Cost of Evo-Steps.

Alternative Names

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

none


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).
''


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

none


Drawn-Icons

none


none


History-of-Concept

none









This Concept entered by Jon Bundy.

Created by system. Last Modification: Thursday 11 of July, 2019 21:09:16 CEST by Admin (Kai).

Concept Search