Reducing Process Costs with Lean, Six Sigma, and Value Engineering Techniques

CHAPTER 5 – The DoD Approach

I. Rubric for the DoD Approach

II. Questions to Ponder

• What are the constituent costs to the cost of ownership?

• Consider the value of a product or service as viewed from the perspective of cost of ownership.

• Does the DoD approach have too much overhead for your organization?

• What would you measure to gauge the effectiveness of your value engineering activities?

• How does your company manage the short-term improvement and the longer-term value proposition?

• When do you know the product or service is past the ...