1. Gather information: target cost/value
Research and evaluate user satisfaction in terms of esteem value. These notions are difficult to pin down, as they involve totally subjective notions that you'll nevertheless have to quantify, in price and percentage terms.
The value given to a product can be a function of :
of necessity (in the food industry, for example);
rarity (the unique product);
of the symbol represented ;
quality ;
deadlines ;
service (after-sales) ;
brand image;
the reputation of the builder, the size of the manufacturer, the status of the seller, etc. ;
originality, innovation...
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Gather information: target cost/value
Encrypt the information gathered
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Regulatory references
AFNOR NF X 50-100 November 2011: Value Management – Functional analysis, fundamental characteristics – Functional analysis: functional analysis of needs (external) and technical/product functional analysis (internal) – Requirements for deliverables and implementation procedures
AFNOR NF X 50-151 September 2007: Value Management – Functional expression of need...
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The " Sciences de l’Ingénieur " website provides comprehensive examples of functional analysis. In the "Resources" tab, type in the keyword "functional analysis".
Acronyms and abbreviations
AF: functional analysis
AV: value analysis
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