Value Management. Vocabulary. Terms and definitions PAS 15 There are three levels of

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Value Management. Vocabulary. Terms and definitions PAS 15 There are three levels of1 Scope This European Standard defines language for optimising performance and productivity by using Value Management. This European Standard defines terms in Value Management (VM). This European Standard aims to: Promote and define common language for Optimising Performance and Productivity by using Value Management; Define the main terms of the Value Management (VM), Value Analysis (VA), Function Analysis (FA) field; Define terms for important