Cost and Value Engineering for Software

Physical but also software products have a functional use for which they were developed. Transferring a new project idea to practice requires a clear, holistic vision on the expected gain and expected costs. However, gain (or rather referred to as value) can have many different manifestations which often go far beyond pure functionality. For one thing, purely monetary value, for another thing, it can also be about expanding the company’s reach, improving customer loyalty, displacing competitors or generating other additional benefits for the company or the user. Cost and Value Engineering is a promising approach to address such a value-centred point of view without losing the overview of expenses.