Value Engineering Value Management Value Analysis Innovation VFM VM VE

March 2025

The European Value Management Standard, how can it help me?

Around the globe standards are prepared and updated to capture improvements and advancements in professional practice. In Europe, value societies and value practitioners collaborated in the preparation of EN 17952:2024, Value Management - Function Analysis: Basic characteristics, requirements and guidance for implementation. EN 17952 published in 2024, enhances professional practice in Functional Need Analysis (FNA) and Technical Function Analysis (TFA). The VM standard provides an essential reference for any person wishing to improve the efficiency, effectiveness and overall performance of their organization.

EN 17952:2024 captures the essence of Value Management and provides a framework for its application. It describes Value Management approaches, principles, drivers (levers) and a range of methods and tools and encourages the selection of the most appropriate methods and tools to achieve the desired outcome.

This presentation is aimed at all value professionals as well as for those starting to use VE/VA/VM. The speaker will present the content and the new information regarding the use of Function Analysis. Download all the details in PDF