6. Mistakes to avoid
It's always important to ensure that the data used in VAD calculations is accurate (this also applies to the cost price approach), and that it evolves, otherwise there may be unpleasant surprises at T0.
The best way is to include update dates in the project schedule:
nomenclature ;
relative economic data.
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Mistakes to avoid
Glossary
Everything you need to know about VAD direct added value
The concept was conceived and developed by Paul-Louis Brodier, an Arts & Métiers engineer and economist.
The VAD approach goes much further than what has been presented above, and covers all economic systems right down to a nation's GDP.
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