BS EN 12973:2020 Value Management

Unlock the potential of your organization with the BS EN 12973:2020 Value Management standard. This comprehensive guide is designed to enhance the value of your projects, processes, and products by implementing effective value management strategies. Released on January 31, 2020, this standard is a must-have for any organization looking to optimize its resources and maximize its outcomes.

Overview

The BS EN 12973:2020 standard provides a structured approach to value management, ensuring that all aspects of a project or process are aligned with the organization's objectives. With 72 pages of detailed guidelines, this standard is an invaluable resource for professionals seeking to improve efficiency, reduce costs, and enhance the overall value of their operations.

Key Features

• Standard Number: BS EN 12973:2020
• Pages: 72
• Release Date: January 31, 2020
• ISBN: 978 0 580 88246 3
• Status: Standard

Why Choose BS EN 12973:2020?

Value management is a critical component of successful project management and organizational strategy. By adopting the BS EN 12973:2020 standard, you can:

• Enhance Decision-Making: Make informed decisions that align with your organization's goals and objectives.
• Optimize Resources: Efficiently allocate resources to maximize value and minimize waste.
• Improve Communication: Foster better communication and collaboration among team members and stakeholders.
• Increase Competitiveness: Stay ahead of the competition by continuously improving your processes and products.

Who Can Benefit?

The BS EN 12973:2020 standard is suitable for a wide range of professionals and organizations, including:

• Project Managers
• Business Analysts
• Quality Assurance Professionals
• Organizational Leaders
• Consultants

Whether you are in the public or private sector, this standard provides the tools and techniques needed to drive value and achieve success.

Comprehensive and Up-to-Date

As a standard released in 2020, the BS EN 12973:2020 reflects the latest best practices and methodologies in value management. It is designed to be applicable across various industries and sectors, ensuring that you have access to the most current and relevant information.

Implementing Value Management

Implementing value management within your organization can lead to significant improvements in performance and outcomes. The BS EN 12973:2020 standard provides a clear framework for integrating value management into your existing processes, helping you to:

• Identify and prioritize value drivers
• Develop value-oriented strategies
• Measure and monitor value creation
• Continuously improve value delivery

Conclusion

The BS EN 12973:2020 Value Management standard is an essential resource for any organization committed to achieving excellence through value management. With its comprehensive guidelines and practical insights, this standard empowers you to make strategic decisions that enhance value and drive success.

Invest in the future of your organization by adopting the BS EN 12973:2020 standard and unlock the full potential of value management today.

BS EN 12973:2020

• 03.100.40 Research and development

This document aims to:

1. guide and give ideas for leaders, managers, and teams to plan the deployment of Value Management approaches and the effective application of Value Management core / specific methods;

2. help organizations improve performance, productivity, profitability and effectiveness;

3. address Value Management at the managerial level;

4. support people in strengthening value culture;

5. give guidance for strengthening Value Management and Value Management methods at different levels within the organization;

6. identify the conditions for effective Value Management;

7. give guidance for value-based decision-making;

8. stimulate and support innovation; and

9. 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.

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.