Value Management, Value Analysis, Functional Analysis vocabulary - Part 1: Value Analysis and Functional Analysis
|Publication Date:||1 September 1996|
|ICS Code (Production. Production management):||03.100.50|
|ICS Code (Services. Company organization, management and quality. Administration. Transport. Sociology. (Vocabularies)):||01.040.03|
Defines terms on Value Analysis (VA) and Functional Analysis (FA). A set of methods such as Value Management, Value Analysis, Functional Analysis are founded on the concept of value and on the functional based approach. They are used on the general management level of companies and organisations, for the development of products and services, or to work out the optimizedsolution of many kinds of industrial and organisational problems. Their concern for the end purposess, or functions, of the matter examined, their search for the optimization 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 organisations.