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PIARC (World Road Association), founded in 1909 and comprising 125 member governments from all over the world, is the global forum for exchange of knowledge and experience on roads, road transport policies and practices. With consultative status to the Economic and Social Council of the United Nations, the Association is contributing to a stable and sustainable global development of the road and transport sector.

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Term of the Road Dictionary

value analysis

  • Language : PIARC Road Dictionary / English
  • Theme : Operations Transport Sustainable Transport
  • Definition : Systematic application of recognized techniques which identify the function of the product or service, establish the worth of those functions, and provide the necessary functions to meet the required performance at the lowest overall cost. Note: it is characterized by reasoning based on functions and not on solutions, and based on group dynamics involving all the stakeholders.
  • Synonyms : value engineering

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