Value Specification

Value specification is a detailed process of clearly defining and documenting what a particular product, service, or system is expected to deliver. It involves identifying key features, performance standards, and requirements to ensure everyone understands the intended value and outcomes. This helps align the project team, stakeholders, and customers, reducing misunderstandings and ensuring the final deliverable meets expectations. In essence, it's a clear statement of what is needed and why, guiding the development or implementation process to achieve the desired results efficiently.