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Description : The headline is this Reader's Digest article is "A carefully worked-out technique of value analysis is producing dramatic dollar savings for consumers and taxpayers". The excellent article lead to the spread of Value Engineering around the world. It highlights the early application of Value Analysis and Value Engineering at General Electric and throughout the United States with examples of the application of VE in refrigeration, the optimization of bull plugs used in oil wells, Maintenance accesses for Minutemen Missile Silos, the use of VE at the Ford Motor Company and supplier contracts to incentivize the use of VE within the U.S. government.
The article describes how a VE practitioner asks three questions: