State (glossary)

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(1) The values of key system element qualities or properties at a given time.

(2) A description of the current or future potential, or health of the system

Source(s)

Ackoff, R.L. 1971. Towards a System of Systems Concepts, Management Science, Vol.17 No. 11, USA.

Discussion

The first definition is a mathematical one, taken from the cybernetic world.

The second is used more practial, and is used by the System Operations or Sustainment community.