Review of product costs to evaluate contribution to product value. May include phases of work design, methods engineering, and motion economy to reduce manufacturing costs. May include phases of work simplification and brainstorming to evaluate use of alternate materials, components, or work specifications.

(See VALUE ANALYSIS.)

(1) An element whose normal time varies significantly from cycle to cycle as a function of one or more job variables.
(2) An element common to two different jobs and whose time varies due to differences between the jobs.

(See FILM ANALYSIS RECORD).