This practice establishes a communication format through which all stakeholders can understand, analyze, revise, and agree on the purposes of the project. This practice presents a method by which stakeholders' needs and desires are compared to the cost to satisfy those needs and desires. This is done by identifying the low preference/high cost functions and high preference/low cost functions. These data will be used in the value analysis study as a basis to create alternative solutions.

This practice helps stakeholders, which include developers, owners, users, planners, contractors, architects, engineers, value analysts, cost professionals, and anyone who is responsible for the budget, construction, maintenance, or operation of the project.

A practice on performing value analysis of buildings and building systems and other constructed projects, Practice E1699, has been published. As part of the value analysis study, perform function analysis after the collection of relevant information and prior to the identification of alternatives. Function Analysis Systems Technique (FAST) data helps the user identify the alternatives that are highly valued with respect to their cost.

1.1 This practice covers a logical structure for the function analysis of a building project or process.

1.2 This practice provides a system to identify unnecessary costs of a project.

1.3 The values stated in SI units are to be regarded as standard. The values given in parentheses are mathematical conversions to inch-pound units that are provided for information only and are not considered standard.

1.4 This standard does not purport to address all of the safety concerns, if any, associated with its use. It is the responsibility of the user of this standard to establish appropriate safety and health practices and determine the applicability of regulatory limitations prior to use.