Definition: gain(s) or benefit(s) from satisfying needs and expectations, in relation to the use and conservation of resources.
Notes on definition:
- Note 1 to entry: Value is relative to, and determined by the perception of, those interested party(ies) able to capture it.
- Note 2 to entry: Value can be financial or non-financial, e.g., social, environmental, other gains or benefits.
- Note 3 to entry: Value is dynamic over time.
Source: ISO 59004:2024, ISO 56000:2020, modified
Type of source: Standards
CLEPA Comments:
- Comment 1: examples are revenue, savings, productivity, sustainability, satisfaction, empowerment, engagement, experience, public health, trust.