BS EN 1325:2014

Value Management. Vocabulary. Terms and definitions. | Status: Current, Under review

1 Scope 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.