Value for money relatiuonship

function / whole life cost

* Value is improved by increasing the worth of the functions relative to the cost

Value = function plus quality / cost
* function = the specific worth that a design/ item must perform
* quality = the owner's or user's needs, desires, and expectations
* cost = The life cycle cost of the product/ project
* Therefore, we can say that:
* Value= The most cost effective way to reliably accomplish a function that will meet the users' needs, desires and expectations.