[PDF] Consulter le document - Good Value for Money

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  • How do you know if something is good value for money?

    Best value for money is defined as the most advantageous combination of cost, quality and sustainability to meet customer requirements.
    In this context: cost means consideration of the whole life cost. quality means meeting a specification which is fit for purpose and sufficient to meet the customer's requirements.

  • How do you describe value for money?

    Value for money is the effective, efficient, and economic use of resources, which requires an evaluation of relevant costs and benefits along with an assessment of risks, nonprice attributes, and/or total cost of ownership as appropriate.

  • What is an example of value for money?

    The costs of making a purchase decision can be considered in value for money.
    For example, if you are shopping for socks and you find a pair with reasonable value for money, it may be irrational to spend 3 or 4 more hours looking for a pair with exceptional value for money if you also include the value of your time.

  • What is an example of value for money?

    Value for money is a term that is used to describe the relationship between the cost of a good or service and the quality of that good or service.
    Value for money is often used as a way to compare different products or services to find the best deal.
    There are many benefits to value for money.

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