10. Glossary
Function
Action on the product. A function is formulated by an infinitive verb followed by a complement. It must make no reference to solutions.
Parametric quotation
Cost calculation based on cost descriptor parameters and one or more equations linking these cost factors to the cost. Precise data must be available to serve as a reference for constructing the cost estimate.
Cost
Charge or expense incurred by an economic player as a result of the production or use of a product, or both.
Price
Monetary equivalent of a product in a commercial transaction.
Value
The notion of value is not limited to the exchange value of money. For example, for a user, it is determined by...
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Regulatory references
AFNOR NF X 50-100 November 2011: Value Management – Functional analysis, fundamental characteristics – Functional analysis: functional analysis of needs (external) and technical/product functional analysis (internal) – Requirements for deliverables and implementation procedures
AFNOR NF X 50-151 September 2007: Value Management – Functional expression of...
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Acronyms and abbreviations
AF: functional analysis
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