Define what is meant by value analysis, Business Management

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"Only projects with a positive NPV should be considered and projects with a negative NPV should be discarded". Briefly discuss this statement.

Define what is meant by 'Value Analysis'. Briefly discuss the steps to applying Value Analysis.

Define what is meant by 'Charge-back'. Briefly discuss how it might be used and list examples of charges that might be included.

Define what is meant by recovery point objective (RPO) and recovery time objective (RTO). Briefly discuss the relationship between both concepts.

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