Covers the following: - to establish a common basis for management to implement and practice Value Management; - to help team leaders and team members to practice the methods; - to establish basis for developing training and certifying procedures for individual competences in Value Management; - to establish a basis for Value Management contractors to provide services; - to establish a basis for certifying companies and organisations; - to improve the quality of Value Management and stimulate innovation in its use; - to improve communication through the use of common terminology.

DS/EN 12973:2020