]> Assessments Ontology This ontology defines abstract concepts for assessments, evaluations, and outcomes, as the basis for various analysis, such as for business performance, compliance and risk. Copyright (c) 2019-2025 EDM Council, Inc. Copyright (c) 2019-2025 Object Management Group, Inc. Permission is hereby granted, free of charge, to any person obtaining a copy of this software and associated documentation files (the 'Software'), to deal in the Software without restriction, including without limitation the rights to use, copy, modify, merge, publish, distribute, sublicense, and/or sell copies of the Software, and to permit persons to whom the Software is furnished to do so, subject to the following conditions: The above copyright notice and this permission notice shall be included in all copies or substantial portions of the Software. THE SOFTWARE IS PROVIDED 'AS IS', WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE SOFTWARE. See https://opensource.org/licenses/MIT. The https://spec.edmcouncil.org/fibo/ontology/FND/Arrangements/Assessments.rdf version of the ontology was modified to use the Commons Ontology Library (Commons) Annotation Vocabulary rather than the OMG's Specification Metadata vocabulary. The https://spec.edmcouncil.org/fibo/ontology/FND/Arrangements/Assessments.rdf version of this ontology was modified to generalize the notion of value and observable value required for valuation of various instruments and their underliers (DER-112). The https://spec.edmcouncil.org/fibo/ontology/FND/Arrangements/Assessments.rdf version of this ontology was modified to replace additional content that is now available in the OMG Commons Ontology Library (Commons) v1.1 (FND-380). The https://spec.edmcouncil.org/fibo/ontology/FND/Arrangements/Assessments.rdf version of this ontology was modified to replace content that is now available in the OMG Commons Ontology Library (Commons) v1.1 (FND-380). The https://spec.edmcouncil.org/fibo/ontology/FND/Arrangements/Assessments.rdf version of this ontology was modified to use the Commons Ontology Library (Commons) rather than the OMG's Languages, Countries and Codes (LCC), eliminating redundancies in FIBO as appropriate. The https://spec.edmcouncil.org/fibo/ontology/FND/Arrangements/Assessments.rdf version of this ontology was revised to add the concept of a valuation method, which is then applied in the context of a value assessment. The https://spec.edmcouncil.org/fibo/ontology/FND/Arrangements/Assessments.rdf version of this ontology was revised to augment the definition of appraisal with an estimated value and correct a bug in the definition of hasAppraiser. The https://spec.edmcouncil.org/fibo/ontology/FND/Arrangements/Assessments.rdf version of this ontology was revised to integrate concepts related to value assessments / appraisals.

0 0 appraisal written estimate of the market value of something as of some point in time, typically provided by a qualified appraiser appraised value estimated value of some asset as of a given point in time 0 appraiser party that evaluates or estimates the nature, quality, ability, or value of someone or something 0 assessment activity activity involving the evaluation or estimation of the nature, quality, ability, or value of someone or something 0 0 1 assessment event event involving the evaluation or estimation of the nature, quality, or ability of someone or something 0 assessment report report that includes an opinion, judgement, appraisal, or view about something and typically the methodology and raw inputs used to arrive at that opinion expected value theoretical value that is anticipated based on a model or hypothesis

Expected values are often calculated using probability distributions. Note that they can be qualitative, however, such as certain ratings.

fair value price that would be received to sell an asset, or paid to transfer a liability, in an orderly transaction between market participants at the measurement date

ISO/TS 55010:2024(en), Asset management - Guidance on the alignment of financial and non-financial functions in asset management

market value price an asset would sell for in the market observed value value that is an actual data point collected from an experiment, survey, or observation opinion judgement, appraisal, or view about something present value value of an asset today, which may be calculated from reference data and may based on its expected future value qualitative value value that has less precision or accuracy than a value determined via quantitative methods and which is usually expressed in codes rather than actual numbers

ISO/IEC 5207:2024(en), Information technology - Data usage - Terminology and use cases

Qualitative values may follow nominal or ordinal scales, and may be expressed as enumerations.

quantitative value value determined via quantitative methods, expressed as a numerical value in appropriate units reference value value for something discernible for which evidence can be obtained

Derivatives, such as certain exotics, can be based on values ascribed to virtually anything, including weather. Typically, however, a reference value refers to something that can be readily observed in the marketplace, such as a quoted rate (e.g., interest rate, exchange rate), index value, commodity price, stock price, economic indicator, or something similar as of some point in time.

valuation method method used to determine the present or expected worth of an asset

Asset valuation is the process of determining the fair market or present value of assets, using book values, absolute valuation models like discounted cash flow analysis, option pricing models or comparables. Such assets include investments in marketable securities such as stocks, bonds and options; tangible assets like buildings and equipment; or intangible assets such as brands, patents and trademarks.

value perceived worth of something, such as a product, service, or asset to a company, customer, or stakeholder

The concept of business value encompasses several dimensions, including: - Customer Value: The benefits that a customer derives from a product or service, measured against the cost of obtaining it. This includes factors like quality, performance, convenience, and price. - Economic Value: The financial benefits that a company gains from its assets, investments, or operations. This can be calculated through metrics like revenue, profit, return on investment (ROI), and cost savings. - Market Value: The price at which an asset or company can be bought or sold in the open market. This reflects the collective assessment of investors and market participants. - Shareholder Value: The financial returns that shareholders receive from owning a company's stock, including dividends and capital gains. - Brand Value: The premium that customers are willing to pay for a product or service due to the brand's reputation, recognition, and loyalty. Overall, value in business is about creating and capturing benefits that meet the needs and expectations of various stakeholders, from customers to investors.

business value

0 0 value assessment assessment event to estimate the value of something

Note that an appraiser in this context may be a licensed appraiser, such as a real estate appraiser or auction house, or a calculation agent, depending on the circumstances.

applies methodology indicates the strategy used for the purposes of determining the fair market or present value of something estimates value at provides an approximate value of some asset as of some point in time has appraiser relates an assessment or report to an agent that conducts the assessment has date of assessment date on which an assessment process was completed has estimated value relates something to its estimated value is estimated value of relates an appraised value to the asset of interest as of the date of the assessment