value assessment
nounUK /ˈvæljuː əˈsesmənt/
US /ˈvæljuː əˈsesmənt/
A value assessment is a careful check of how much something is worth.
The teacher did a value assessment of each project before giving out the prizes.
OTHER MEANINGS
2. A judgment about how good or useful something is.
The team made a value assessment of the new plan before starting.
3. A formal estimate of the money value of a thing, like a house or a car.
The bank asked for a value assessment of the house before lending money.
4. A careful look at whether something is worth the time or money it costs.
Our value assessment showed that the old computer was not worth fixing.