Value Management

This document aims to:
a)   guide and give ideas for leaders, managers, and teams to plan the deployment of Value Management approaches and effective application of Value Management core / specific methods;
b)   help organizations improve performance, productivity, profitability and effectiveness;
c)   address Value Management at the managerial level;
d)   support people in strengthening value culture;
e)   give guidance for strengthening Value Management and Value Management methods at different levels within the organization;
f)   identify the conditions for effective Value Management;
g)   give guidance for value-based decision-making;
h)   stimulate and support innovation; and
i)   establish a basis for developing training and certifying procedures for individual competences in Value Management.
Figure 1 presents the envisaged organization of documents relative to the Value Management field and the standards available at the CEN level for all users of this document.
(figure not reproduced)
Figure 1 - Documents in relation to Value Management
A system for certification of individual professional competence is maintained by the National Value Associations in Europe. The qualification "Professional in Value Management" (PVM) is recognized across Europe by National Value Associations as an indicator of competence. This qualification is also recognized in other countries outside Europe.

Value Management

Dieses Dokument zielt auf die folgenden Punkte ab:
a) Bereitstellung von Richtlinien und Ideen für Personen in leitender Position sowie für Manager und Teams zur Planung der Umsetzung von Value-Management-Ansätzen und zur effektiven Anwendung von Kernmethoden/spezifischen Methoden in Bezug auf Value Management;
b) Unterstützung von Organisationen bei der Verbesserung ihrer Leistung, ihrer Produktivität, ihrer Profitabilität und ihrer Effektivität;
c) Berücksichtigung des Konzepts Value Management auf Managementebene;
d) Unterstützung von Mitgliedern der Organisation bei der Stärkung der Wertkultur;
e) Bereitstellung von Richtlinien für die Stärkung des Value Managements und der Value-Management-Methoden auf unterschiedlichen Ebenen der Organisation;
f) Feststellung der Bedingungen für ein effektives Value Management;
g) Bereitstellung von Richtlinien zur wertbasierten Entscheidungsfindung;
h) Stimulationen und Unterstützung von Innovation;
i) sowie Schaffung einer Grundlage für die Entwicklung von Schulungs- und Zertifizierungsverfahren für einzelne Kompetenzen im Bereich Value Management.
Bild 1 zeigt die vorgesehene Organisation der Dokumente aus dem Bereich Value Management und der auf CEN-Ebene allen Nutzern dieses Dokuments verfügbaren Normen.
Ein System für die Zertifizierung individueller beruflicher Kompetenzen wird von den nationalen Wertevereinigungen in Europa verwaltet. Die Qualifikation „Professional in Value Management“ (PVM) wird europaweit von den nationalen Value-Management-Vereinigungen sowie auch in anderen Ländern über Europa hinaus als Kompetenznachweis anerkannt.

Management par la valeur

Le présent document vise à :
a)   guider et donner des idées aux dirigeants, aux responsables et aux équipes pour planifier le déploiement d’approches du management par la valeur et l’application efficace de méthodes de base/spécifiques de management par la valeur ;
b)   aider les organismes à améliorer la performance, la productivité, la rentabilité et l’efficacité ;
c)   traiter le management par la valeur au niveau managérial ;
d)   aider les individus à renforcer la culture valeur ;
e)   fournir des recommandations pour renforcer le management par la valeur et les méthodes de management par la valeur à différents niveaux au sein de l’organisme ;
f)   identifier les conditions pour un management par la valeur efficace ;
g)   fournir des recommandations pour prendre des décisions fondées sur la valeur ;
h)   stimuler et soutenir l’innovation ; et
i)   établir une base pour le développement de méthodes de formation et de certification des compétences individuelles en matière de management par la valeur.
La Figure 1 présente l’organisation envisagée des documents relatifs au domaine du management par la valeur et les normes disponibles au niveau du CEN pour tous les utilisateurs du présent document.
Figure 1 - Documents en rapport avec le management par la valeur
Un système pour la certification des compétences professionnelles individuelles est soutenu par les Associations Nationales pour la Valeur en Europe. La qualification « Professionnel en Management par la valeur » (PMV) est reconnue en Europe par les Associations Nationales pour la Valeur comme un indicateur de compétences. Cette qualification est également reconnue dans d’autres pays hors Europe.

Upravljanje vrednosti

Namen tega osnutka standarda je:
a) vodenje in podajanje zamisli za vodje, direktorje in ekipe pri načrtu uvajanja pristopov k upravljanju vrednosti ter učinkoviti uporabi metod upravljanja vrednosti;
b) pomoč organizacijam pri izboljšanju delovanja, produktivnosti, dobičkonosnosti in učinkovitosti;
c) obravnavanje upravljanja vrednosti na ravni vodstva;
d) zagotavljanje podpore pri krepitvi kulture vrednosti;
e) podajanje smernic za krepitev uvajanja in izvajanja upravljanja vrednosti ter metod upravljanja vrednosti na različnih ravneh v organizaciji;
f) prepoznavanje pogojev za učinkovito upravljanje vrednosti;
g) dajanje navodil in določenih zahtev za izboljševanje odločanja na podlagi vrednosti in organizacijskega vodenja pri strategijah, taktiki in operacijah; to vključuje upoštevanje tem, kot so: strateška analiza; pozicioniranje na tržišču; identificiranje operativnih dejavnosti in odzivanje na strateške podatke;
h) stimuliranje in podpiranje inovacij; ter
i) vzpostavitev podlage za razvijanje usposabljanja in potrjevanje postopkov za posamezne kompetence pri upravljanju vrednosti.
Na sliki 1 je prikazana predvidena organizacija dokumentov glede na polje upravljanja vrednosti in standarde, ki so na voljo na ravni CEN za vse uporabnike tega standarda.
Sistem za podelitev certifikatov posameznikove poklicne usposobljenosti vzdržujejo državna združenja za vrednost v Evropi. Naziv »strokovnjak na področju upravljanja vrednosti« (PVM) državna združenja za vrednost po vsej Evropi priznavajo kot znak usposobljenosti. Ta kvalificiranost je priznana tudi v drugih državah zunaj Evrope.

General Information

Status
Published
Publication Date
21-Jan-2020
Withdrawal Date
30-Jul-2020
Current Stage
6060 - Definitive text made available (DAV) - Publishing
Start Date
22-Jan-2020
Due Date
08-Jan-2019
Completion Date
22-Jan-2020

Relations

Effective Date
29-Jan-2020

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SLOVENSKI STANDARD
01-marec-2020
Nadomešča:
SIST EN 12973:2000
Upravljanje vrednosti
Value Management
Value Management
Management par la valeur
Ta slovenski standard je istoveten z: EN 12973:2020
ICS:
03.100.40 Raziskave in razvoj Research and development
2003-01.Slovenski inštitut za standardizacijo. Razmnoževanje celote ali delov tega standarda ni dovoljeno.

EN 12973
EUROPEAN STANDARD
NORME EUROPÉENNE
January 2020
EUROPÄISCHE NORM
ICS 03.100.40 Supersedes EN 12973:2000
English Version
Value Management
Management par la valeur Value Management
This European Standard was approved by CEN on 27 October 2019.

CEN members are bound to comply with the CEN/CENELEC Internal Regulations which stipulate the conditions for giving this
European Standard the status of a national standard without any alteration. Up-to-date lists and bibliographical references
concerning such national standards may be obtained on application to the CEN-CENELEC Management Centre or to any CEN
member.
This European Standard exists in three official versions (English, French, German). A version in any other language made by
translation under the responsibility of a CEN member into its own language and notified to the CEN-CENELEC Management
Centre has the same status as the official versions.

CEN members are the national standards bodies of Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia,
Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Norway,
Poland, Portugal, Republic of North Macedonia, Romania, Serbia, Slovakia, Slovenia, Spain, Sweden, Switzerland, Turkey and
United Kingdom.
EUROPEAN COMMITTEE FOR STANDARDIZATION
COMITÉ EUROPÉEN DE NORMALISATION

EUROPÄISCHES KOMITEE FÜR NORMUNG

CEN-CENELEC Management Centre: Rue de la Science 23, B-1040 Brussels
© 2020 CEN All rights of exploitation in any form and by any means reserved Ref. No. EN 12973:2020 E
worldwide for CEN national Members.

Content Page
European foreword . 5
Introduction . 6
1 Scope . 9
2 Normative references . 10
3 Terms and definitions . 10
4 Value Management . 11
4.1 Value Management approach . 11
4.1.1 General guidance . 11
4.1.2 Informal approach . 15
4.1.3 Formal approach . 15
4.1.4 Study-based approach . 16
4.1.5 Communicating the Value Management approach . 17
4.2 Principles . 17
4.2.1 Strengthen Value orientation . 17
4.2.2 Apply Function Thinking . 18
4.2.3 Apply a Structured holistic approach . 18
4.2.4 Manage complexity, risk and uncertainty . 19
4.3 Drivers (levers) for Value Management . 19
4.4 Guidance and requirements for successful Value Management . 20
4.4.1 Involvement of customers, users and other stakeholders . 20
4.4.2 Thought processes, behavior and benefits . 21
4.4.3 Production of tangible results and benefits . 21
4.4.4 Monitoring Value Management . 21
4.5 Delivering sustainable solutions . 21
4.6 Value assessment . 22
5 Value Management at top management level . 22
5.1 Value culture and strategy in the organization . 22
5.2 Strategic analysis . 23
5.2.1 General . 23
5.2.2 Vision, mission and strategy of an organization - Indicators . 23
5.2.3 Definition of the vision and the mission . 24
5.2.4 Definition of the strategic axes of the vision . 24
5.2.5 Definition of the objectives to be achieved . 24
5.2.6 Implementation of the vision and the strategy objectives . 24
5.2.7 Identification of value drivers (levers) . 25
5.2.8 Definition of Action Plans . 25
5.2.9 Definition of the indicators . 25
5.3 Risk, uncertainty and complexity . 25
5.3.1 Addressing risk and uncertainty. 25
5.3.2 Addressing complexity . 26
5.4 Contributions to portfolios . 26
5.5 Contributions to programs . 26
5.6 Contributions to innovation at all the levels of the organization . 26
6 Value Management at operational level . 27
6.1 Situations for use of Value Management methods . 27
6.1.1 General . 27
6.1.2 Situation of scoping . 27
6.1.3 Situation of conceptualization . 28
6.1.4 Situation of optimization . 28
6.1.5 Situation of re-design . 28
7 Developing Value Management capability . 28
7.1 General guidance on developing capability . 28
7.2 Wider training in Value Management and Value Culture . 29
7.3 Value Management team leaders . 29
7.4 Supporting structure . 29
7.5 Management information . 30
7.6 Implementation of Value Management methods . 30
8 Methods used in Value Management . 30
8.1 Core Methods used in Value Management . 30
8.2 Guidance on use of Value Management methods . 31
8.2.1 General guidance . 31
8.2.2 Value Analysis/Value Engineering (VA/VE) . 31
8.2.3 Function Analysis (FA) . 31
8.2.4 Function Cost (FC) . 32
8.2.5 The Functional Performance Specification (FPS) . 33
8.2.6 Design to Cost (DTC) / Design to Objectives (DTO) . 33
Annex A (informative) Methods and tools to be used within Value Management - Specific Value
Methods and tools . 35
Bibliography . 69

European foreword
This document (EN 12973:2020) has been prepared by Technical Committee CEN/TC 279 “Value
management, value analysis, function analysis”, the secretariat of which is held by BSI.
This European Standard shall be given the status of a national standard, either by publication of an identical
text or by endorsement, at the latest by July 2020, and conflicting national standards shall be withdrawn at
the latest by July 2020.
Attention is drawn to the possibility that some of the elements of this document may be the subject of patent
rights. CEN shall not be held responsible for identifying any or all such patent rights.
This document supersedes EN 12973:2000.
This document updates, extends and supersedes the previous document EN 12973:2000. New subject
matter has been developed to address Value Management within the context of existing management
systems and organizational culture. This standard significantly extends guidance for what an organization
should do or may do to optimize performance in its current situation and to develop capability and
approaches to secure future value improvement. The document also augments previous standard guidance
on a common basis for practice and methods.
According to the CEN-CENELEC Internal Regulations, the national standards organisations of the following
countries are bound to implement this European Standard: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech
Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia,
Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Republic of North Macedonia,
Romania, Serbia, Slovakia, Slovenia, Spain, Sweden, Switzerland, Turkey and the United Kingdom.
Introduction
The aim of this standard is to present, define and explain Value Management and provide guidance for the
introduction of the basic concepts, approaches, esse
...

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