Presented by : FA20-BIT-083

FA20-BIT-067

Submitted to : Sir Ghias Hamid

Course :Technology Management

TOPIC:
Value Analysis in Technology Management

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 INTRODUCTION VALUE ANAYSIS :

Value analysis is an important tool in technology management

that is used to assess the value of a product or service. It is a
systematic process that involves the identification of the various
components of a product or service, the analysis of their
function, and the evaluation of their costs. The aim of value
VALUE analysis is to identify opportunities to reduce costs without
ANALYSIS compromising on the quality or functionality of the product or
service.
In technology management, value analysis is often used during
the design and development phase of a product or service. By
evaluating the components of a product or service, technology
managers can identify areas where improvements can be made
to reduce costs or improve functionality. This can include
identifying alternative materials, simplifying design, or improving
manufacturing processes.

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 INTRODUCTION VALUE ANAYSIS
(CONTINUE..)

• The goal of value analysis is to achieve the best possible balance between cost, quality, and
performance. By focusing on value, technology managers can ensure that they are delivering products
and services that meet the needs of their customers while maximizing profitability. This is particularly
important in today's competitive business environment, where companies are constantly looking for
ways to improve efficiency and reduce costs.
• Overall, value analysis is an essential tool in technology management that can help companies to stay
competitive by identifying areas where they can improve their products and services while reducing
costs. By using this process, technology managers can ensure that they are delivering products and
services that provide maximum value to their customers while optimizing profitability for their
organization.

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 WHERE VALUE ANALYSIS IS USED

• Value analysis is used in several areas of technology management. Here are some examples:
• Product design and development: Value analysis is used during the product design and development
phase to identify areas where costs can be reduced without compromising the quality or
functionality of the product. By analyzing the components of the product, technology managers
can identify opportunities for cost reduction, such as using alternative materials, simplifying the
design, or improving the manufacturing process.
• Supply chain management: Value analysis is also used in supply chain management to identify
opportunities for cost reduction and process improvement. By analyzing the supply chain,
technology managers can identify areas where there are inefficiencies or bottlenecks that can be
addressed to reduce costs and improve the overall efficiency of the supply chain.

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 WHY VALUE ANALYSIS IS USED

• Value analysis is used in technology management for several reasons, including:

• Cost reduction: Value analysis helps technology managers to identify opportunities for cost
reduction without compromising quality or functionality. By analyzing the components of a product
or service, technology managers can identify areas where costs can be reduced through alternative
materials, simplifying design, or improving manufacturing processes.
• Process improvement: Value analysis can be used to improve existing processes by analyzing the
components of the process and identifying opportunities for improvement. This can include
streamlining processes, eliminating unnecessary steps, or optimizing the use of resources.
• Customer satisfaction: Value analysis helps technology managers to improve customer satisfaction
by identifying areas where the product or service can be improved to better meet the needs of the
customer.

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 WHY VALUE ANALYSIS IS USED
(CONTINUE..)

• Quality improvement: Value analysis can be used to improve the quality of a product or service by
analyzing the components and identifying opportunities for improvement. By optimizing the design
and manufacturing process, technology managers can ensure that the product or service meets the
highest quality standards.
• Competitive advantage: Value analysis helps technology managers to stay competitive by identifying
opportunities to improve their products or services while reducing costs. By focusing on value,
technology managers can ensure that they are delivering products and services that provide
maximum value to their customers while optimizing profitability for their organization.
• Overall, value analysis is an important tool in technology management that helps organizations to
improve efficiency, reduce costs, improve quality, and stay competitive in today's rapidly changing
business environment.

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 WHAT IS PROCESS OF VALUE ANALYSIS

• Process Value Analysis (PVA) is a methodology used in technology management to analyze and
improve business processes. It is a systematic approach that involves the evaluation of the
various components of a process, the analysis of their function, and the evaluation of their
costs. The aim of PVA is to identify opportunities to reduce costs and improve process
efficiency, without compromising on quality or functionality.
• The PVA process typically involves the following steps:
• Identification of the process to be analyzed: The first step in PVA is to identify the process that
needs to be analyzed. This could be any process within the organization that has a significant
impact on performance, cost, or quality.
• Analysis of the process: The next step is to analyze the process in detail. This involves breaking
the process down into its various components and analyzing each component to determine its
function and cost.

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 WHAT IS PROCESS OF VALUE ANALYSIS
(CONTINUE..)

• Identification of opportunities for improvement: Once the process has been analyzed, the next
step is to identify opportunities for improvement. This could involve identifying areas where
costs can be reduced, steps that can be eliminated, or resources that can be optimized.
• Implementation of improvements: The final step is to implement the identified improvements.
This could involve redesigning the process, changing the sequence of steps, or introducing new
technology.
• The benefits of PVA include:
• Improved process efficiency: PVA helps organizations to identify areas where processes can be
streamlined and optimized to impArove efficiency.
• Cost reduction: PVA helps organizations to identify areas where costs can be reduced without
compromising quality or functionality.

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 WHAT IS CASE STUDY VALUE ANALYSIS

• A Case Study Value Analysis in Technology Management is a methodology that involves analyzing
a specific case or scenario within an organization to identify opportunities for cost reduction,
process improvement, and value enhancement. It typically involves the use of real-world
examples to demonstrate the application of value analysis principles in a practical setting.
• The process of conducting a case study value analysis typically involves the following steps:
• Selection of the case: The first step is to select a case study that is relevant to the organization's
goals and objectives. This could be a case study that involves a product, process, or service that
the organization provides.
• Analysis of the case: The next step is to analyze the case in detail. This involves breaking down
the case into its various components and analyzing each component to determine its function
and cost.

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 WHAT IS CASE STUDY VALUE ANALYSIS
(CONTINUE…)

• Identification of opportunities for improvement: Once the case has been analyzed, the next step
is to identify opportunities for improvement. This could involve identifying areas where costs
can be reduced, steps that can be eliminated, or resources that can be optimized.
• Implementation of improvements: The final step is to implement the identified improvements.
This could involve redesigning the process, changing the sequence of steps, or introducing new
technology.
• The benefits of using case study value analysis in technology management include:
• Real-world examples: Case studies provide real-world examples of how value analysis principles
can be applied in practice.
• Practical insights: Case studies provide practical insights into the application of value analysis in
specific scenarios.

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THANKS

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