BS EN 17952:2024 Value Management. Function Analysis: Basic characteristics, requirements and guidance for implementation

Standard Number: BS EN 17952:2024

Pages: 60

Released: 2024-06-11

ISBN: 978 0 539 17851 7

Name: Value Management. Function Analysis: Basic characteristics, requirements and guidance for implementation

Status: Standard

Unlock the Power of Value Management with BS EN 17952:2024

In today's competitive business environment, maximizing value while minimizing costs is crucial. The BS EN 17952:2024 Value Management. Function Analysis: Basic characteristics, requirements and guidance for implementation standard is your comprehensive guide to achieving this balance. This essential document provides a structured approach to value management, ensuring that every function within your organization is optimized for efficiency and effectiveness.

Comprehensive Coverage

Spanning 60 pages, this standard offers in-depth insights into the principles and practices of value management. Whether you are a seasoned professional or new to the field, the BS EN 17952:2024 provides the knowledge and tools you need to implement effective value management strategies.

Release Date and ISBN

Released on June 11, 2024, this standard is up-to-date with the latest industry practices and innovations. The ISBN for this document is 978 0 539 17851 7, ensuring you are referencing the correct and most current information available.

Why Choose BS EN 17952:2024?

The BS EN 17952:2024 standard is designed to help organizations of all sizes and industries. Here are some key benefits:

• Enhanced Efficiency: Learn how to streamline processes and eliminate waste, leading to significant cost savings.
• Improved Quality: Ensure that every function within your organization meets the highest standards of quality and performance.
• Strategic Planning: Gain insights into strategic planning and decision-making processes that drive long-term success.
• Compliance: Stay compliant with industry regulations and standards, reducing the risk of legal and financial penalties.

Key Features

The BS EN 17952:2024 standard includes:

• Basic Characteristics: Understand the fundamental principles of value management and function analysis.
• Requirements: Detailed requirements for implementing value management practices within your organization.
• Guidance for Implementation: Step-by-step guidance on how to effectively implement value management strategies.

Who Should Use This Standard?

This standard is ideal for:

• Business Leaders: Executives and managers looking to improve organizational performance and profitability.
• Project Managers: Professionals responsible for overseeing projects and ensuring they deliver maximum value.
• Quality Assurance Teams: Teams focused on maintaining high standards of quality and efficiency.
• Consultants: Advisors who provide expert guidance on value management and process improvement.

Real-World Applications

The principles and practices outlined in the BS EN 17952:2024 standard can be applied across a wide range of industries, including:

• Manufacturing: Optimize production processes to reduce costs and improve product quality.
• Construction: Ensure that construction projects are completed on time, within budget, and to the highest standards.
• Healthcare: Improve patient care and operational efficiency in healthcare facilities.
• IT and Technology: Enhance the performance and reliability of IT systems and services.
• Finance: Streamline financial processes and improve decision-making.

Stay Ahead of the Curve

In an ever-evolving business landscape, staying ahead of the competition requires continuous improvement and innovation. The BS EN 17952:2024 standard equips you with the knowledge and tools to drive value and achieve excellence in every aspect of your organization.

Invest in Your Success

Investing in the BS EN 17952:2024 standard is an investment in the future success of your organization. By implementing the principles and practices outlined in this document, you can achieve greater efficiency, higher quality, and improved profitability.

Conclusion

The BS EN 17952:2024 Value Management. Function Analysis: Basic characteristics, requirements and guidance for implementation standard is an invaluable resource for any organization looking to enhance its value management practices. With comprehensive coverage, practical guidance, and real-world applications, this standard is your key to unlocking the full potential of your organization.

Don't miss out on the opportunity to transform your organization and achieve lasting success with the BS EN 17952:2024 standard.

BS EN 17952:2024

This standard BS EN 17952:2024 Value Management. Function Analysis: Basic characteristics, requirements and guidance for implementation is classified in these ICS categories:

• 03.100.40 Research and development

This document presents Function Analysis (FA) and specifies requirements for Function Analysis and its deliverables. It presents the two distinct areas of application, namely, Functional Need Analysis (FNA) relating to understanding the need, setting goals and Technical Function Analysis (TFA) relating to selecting and developing a solution. It specifies requirements for the basic characteristics of the deliverables within FNA and TFA and expands requirements, guidance and recommendations about FA expressed in the Functional Performance Specification Standard (EN 16271) and in the Value Management Standard (EN 12973). This document provides an essential reference and support for any person wishing to improve the efficiency, effectiveness and overall performance of their organization. It aims to support sustainable development in an organization. FA offers an opportunity to enhance skills of people involved. In order to present the conditions for implementation and development of FA deliverables, this document: • introduces the interests and fields of application and presents a variety of situations in which FA is used in support of projects of all types and sizes; • specifies essential conditions for successful FA, including roles and responsibilities of the people involved, monitoring the performance of the FA team, processes for validation and verification and supply of valid and verified deliverables; and • specifies requirements for FA and the basic characteristics of FA deliverables whilst outlining methods, and tools for the realization of the deliverables. FA is progressed using the following: • FNA: support for the process of identifying and understanding the need, defining objectives, and setting the goal to be achieved; • TFA: support for design or research processes and evaluation of solutions; and • Iteratively focusing on the FNA and TFA by revisiting the identified need, balancing capabilities of available technologies, resources and constraints, achieving the most desirable outcome. In the area of FNA, this document sets out FNA requirements for the deliverables to establish the Functional Need Expression (FNE). The FNE can serve as a basis for establishing an understanding of the expressed need, the complete list of User Related Functions (URFs), constraints and interfaces. These deliverables serve as a basis for identifying, organizing, characterizing and prioritizing functions and function interfaces. These deliverables can also support preliminary risk and reliability studies, economic studies, impact assessments and development of Functional Performance Specifications (FPSs). In the area of TFA, this document sets out requirements for TFA deliverables which aim to satisfy the need, expressed in the FNE. The TFA deliverables are focused on analysing existing and potential solutions, identifying a complete list of the Product Related Functions (PRFs) to meet the FNE; evaluating concepts and making a choice for a solution then optimizing the Product Function Architecture (PFA) to identify the “best” solution.