DIN EN 1325:2014-07

This European standard defines terms for Value Management (VM), to develop consistent language for use in optimising performance and productivity for organizations, projects, products, and services. The standard has been prepared by Technical Committee CEN/TC 279 "Value management - Value analysis, functional analysis", the secretariat of which is held by AFNOR (France). 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. This document supersedes EN 1325-1:1996 and EN 1325-2:2004. The main technical change compared to the previous versions is the updating of the terms and definitions. Value Management is founded on the concept of value and on the functional based approach. Value Management approaches and methods are used on the general management level of companies and organizations, for the development of products and services, or to work out the optimised solution of many kinds of industrial and organizational problems. The concern of these approaches and methods for the end purposes, or functions, of the matter examined, and their search for the optimisation of these functions in relation to the means, resources or expenditures which are necessary for their attainment, are very important factors of the overall efficiency and competitiveness of companies and organizations. European Standards are being developed to promote unified concepts and the highest level of expertise and efficacy in the European countries. In order to achieve a common way of practice of these methods, and a common understanding of the standards it is essential to define and standardise in a vocabulary standard the precise meaning of the specialised terms which are used. The committee responsible for this standard is NA 147-00-06 AA Gemeinschaftsausschuss VDI-GPP/DIN "Wertanalyse" (Joint committee VDI-GPP/DIN "Value Analysis") at DIN.