Losing money to Value Vampires
There are many opportunities for loss of time and money in the course of product development, project management and manufacturing. Increasing product cost does not help profitability. Every miscommunication or marginal or conflicting process increases the chance for an error to creep in and degrade the end result. To be profitable or to maximize benefits to the customer, the company and society at large requires eliminating or reducing these value sucking aspects of the product, service or process development.