EN 12973:2000

Foreword
Introduction
1 Scope
2 Normative references
3 Terms and definitions
4 The principles of Value Management
  4.1 Key principles
  4.2 Value objectives in Value Management dynamics
  4.3 Requirements
      4.3.1 Framework
      4.3.2 Attitudes of mind and knowledge
  4.4 The Concept of Value
      4.4.1 Value
      4.4.2 Need
      4.4.3 Functions
      4.4.4 Resources
      4.4.5 Value comparison
  4.5 The Value Management Approach
5 The application of Value Management
  5.1 Application of the principles
  5.2 The Value Management Framework
6 Value Management methods and tools
  6.1 A selection of methods commonly used in Value
      Management
  6.2 Specific Value methods and tools
      6.2.1 Value Analysis (VA)
            6.2.1.1 Presentation
            6.2.1.2 Value Analysis and Value Management
      6.2.2 Functional Analysis (FA)
            6.2.2.1 Presentation
            6.2.2.2 Functional Analysis and Value Management
      6.2.3 Function Cost (FC)
            6.2.3.1 Presentation
            6.2.3.2 Function Cost and Value Management
      6.2.4 The Functional Performance
            Specification (FPS)
            6.2.4.1 Presentation
            6.2.4.2 The Functional Performance Specification
                    and Value Management
      6.2.5 Design to Cost (DTC)/Design to
            Objectives (DTO)
            6.2.5.1 Presentation
            6.2.5.2 Design to Cost and Value Management
Annex A (informative) Methods and tools to be used within
        Value Management
      A.1 Specific Value methods and tools
          A.1.1 Value Analysis (VA)
                A.1.1.1 Presentation
                A.1.1.2 Detailed description
          A.1.2 Functional Analysis (FA)
                A.1.2.1 Presentation
                A.1.2.2 Detailed description
          A.1.3 Function Cost (FC)
                A.1.3.1 Presentation
                A.1.3.2 Detailed description
          A.1.4 The Functional Performance Specifications
                (FPS)
                A.1.4.1 Presentation
                A.1.4.2 Detailed description
          A.1.5 Design to Cost (DTC)/Design to Objectives
                (DTO)
                A.1.5.1 Presentation
                A.1.5.2 Detailed description
      A.2 Other methods and tools

The purposes of this standard are: - to establish a common basis for management to implement and practice Value Management; - to help team leaders and team members to practice the methods; - to establish a basis for developing training and certifying procedures for individual competencies in Value Management; - to establish a basis for Value Management contractors to provide services; - to establish a basis for certifying companies and organisations; - to improve the quality of Value Management and stimulate innovation in its use; - to improve communication through the use of common terminology.