This European Standard defines language for optimising performance and productivity by using Value Management.
This European Standard defines terms in Value Management (VM).
This European Standard aims to:
— Promote and define common language for Optimising Performance and Productivity by using Value Management;
— Define the main terms of the “Value Management (VM), Value Analysis (VA), Function Analysis (FA)” field;
— Define terms for important methods and tools;
— Establish a single source for generic terms;
— Create accessible language for international communication;
— Publish useful definitions for specialists and non specialists;
— Clarify differences which may exist in language where a word in common use is used to signify a specific meaning in Value Management;
— Reduce the risk of inconsistency between standards applied internationally.
he risk of inconsistency between standards applied internationally.