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VM Books Available for Purchase On-Line: 

Value Methodology: A Pocket Guide to Reduce Cost and Improve
Value Through Function Analysis

REDUCE COSTS AND IMPROVE VALUE THROUGH FUNCTION ANALYSIS How do you cut costs? And where? One of the most powerful tools you can use to answer those questions is value methodology, a systematic process that improves the value of a project by analyzing its functions. GOAL/QPC s Value Methodology Memory Jogger will show you how to apply this practice effectively in your organization. Value Methodology is unique compared to other practices, such as TQM, Lean Manufacturing, and Six Sigma, because analyzing functions and providing the highest value to the customer in a formal, step-by-step process are the foundations of Value Methodology. Function analysis, the multidisciplinary team approach, and the formal job plan make Value Methodology like no other management practice.

The Complete Total Competitiveness Theory: The Awakening Impulse for Business to Survive

This book is an excellent management book to awaken the impulse for business to survive.  The author outlines a thought provoking approach on how to align your organization through value-focused thinking.

Techniques of Value Analysis and Engineering: 3rd Edition (Kindle Edition) by Lawrence D. Miles

In achieving better value, there are two separate opportunity areas: (1) The identification of costs as necessary, and (2) The decision making which will eliminate the identified unnecessary cost. The techniques in this text apply extensively in area 1, identification. They are applicable in the predesign stage, the design-concept stage, the procurement stage, and the manufacturing stage, as well as in later cost-improvement stage. The objective of the concepts and techniques of value analysis is to make possible a degree of effectiveness in identifying and removing unnecessary cost that approaches the effectiveness of identifying performance improvements for the product or service and incorporating them into it. Value analysis is the name applied to this disciplined, step-by-step thinking system, with its specific approaches for mind setting, problem setting, and problem solving. Value engineering is often the name correctly used by qualified engineers in engineering work. This book was written by Lawrence D. Miles, the creator of value analysis. Its content is as accurate today as when it was originally published. it is the seminal reference of value analysis principles and concepts.

MVF Books on VM Available through the SAVE International Bookstore:

Recollections Table of Contents
Editor: James J. O'Brien, CVS
Cover: Hardbound
No. Pages: 124
This book is a recollection of Larry Miles from his many friends. It's function is;
  • Remember Larry
  • Meet Larry
  • Know Larry.
  1. Introduction
  2. General Electric Years
  3. Larry Miles -- Consultant
  4. Recollections: A Helping Hand
  5. Larry Miles "Retires"
  6. Imperial Recognition
  7. Belated Recognition
  8. "Let Us Celebrate..."
Value Engineering Theory Table of Contents
Author: Donald E. Parker, CVS
Cover: Softbound
No. Pages: 201

This book is a textbook for the Foundation's 3-credit hour undergraduate course VE Theory for architecture and engineering students.

    Part  1. History, application and definition
    Part  2. Aesthetics and worth
    Part  3. Beginning a value study
    Part  4. Group dynamics and human relations
    Part  5. FAST diagramming
    Part  6. Creativity
    Part  7. Judging ideas
    Part  8. Complementary techniques
    Part  9. Cost control and cost models
    Part 10. Life cycle costing
    Part 11. Implementation strategies
Techniques of Value Analysis and Engineering,  3rd Edition Table of Contents
Author: by Lawrence D. Miles
Cover: Hardbound
No. Pages: 366

This book, written by the originator of value analysis and engineering technology, shows management and professional people specific steps to disciplined thinking, giving them 25 percent to 50 percent more efficiency -- both in the quality and quantity of their mental work.

  1. Concepts and Approaches of Value Analysis and Engineering
  2. All Cost is for Function
  3. Evaluate the Function
  4. Problem-setting System
  5. Problem-solving System
  6. Setting and Solving Management-decision-type Problems
  7. Setting and Solving Services Problems
  8. Results Accelerators
  9. Using the System
  10. Special Knowledge Required
  11. Understanding the Decision Environment
  12. Effect on Other Work in the Business
  13. Effective Organization for Value Work
  14. Essential Qualifications and Training for Value Analysts and Engineers
  15. Work Content for the Value Analyst, Engineer, and Consultant
  16. Motivation, Measurement, and Tests
  17. Advanced Techniques
  18. Using the System to Reduce Construction Costs
  19. Problems for Assignment
Value Analysis Table of Contents
Author: Carlos Fallon
Cover: Softbound
No. Pages: 277

This book is a revision of Carlos Fallon's 1970 book, Value Analysis to Improve Productivity. The 1990 edition emphasizes how productivity can be made more interesting and pleasant for the producers themselves, and how the mind power of the entire work force can be harvested to yield technological innovations and aesthetic advances beyond what was possible yesterday. This book offers 277 pages of the latest thinking about value.

  1. Function of Value Analysis
  2. The Nature of Value
  3. Who Does Value Analysis
  4. How is it Done
  5. Information Phase
  6. Analytic Phase
  7. Creative Phase
  8. Evaluation
  9. Implementation
  10. Directing to Operation
  11. Fast Diagram 
    Appendix A.  Mathematics of Resource Use
    Appendix B.  Measurement
    Appendix C.  Professional Foundations
Value Engineering Theory & Practice in Industry Table of Contents
Author: Thomas R. King
Cover: Softbound
No. Pages: 192

This book is similar to the VE Theory book but is oriented for use by manufacturing and industry. It provides the text for a 3-credit hour course for industrial engineering students.

  1. Value Engineering: Beginning and Growth
  2. Understanding the Value Concept
  3. The Systematic Approach: VE Job Plan
  4. Function Analysis
  5. Group Dynamics: Teams and Teamwork
  6. Value Engineering Methodology: Value Concepts, Tools and Technology
  7. FAST Diagramming
  8. Conducting the Value Engineering Study: Project Selection and Information Phase
  9. Conducting the Value Engineering Study: The Middle Phases: Function Analysis and Idea Generation
  10. Conducting the Value Engineering Study: Evaluation and Implementation
  11. The Value Arena: Complementary Concepts
  12. Value Engineering Management in an Industrial Setting
  13. Case Study

The Lawrence D. Miles Value Engineering Reference Center is maintained by the University of Wisconsin’s Wendt Library.  Here you will find original writings of Larry Miles and other VM related references.  It is an excellent resource on the history and development of the Value Methodology.

Laws & Policies

  • Public Law 111-350:
    • - 1711. Value engineering
      Each executive agency shall establish and maintain cost-effective procedures and processes for analyzing the functions of a program, project, system, product, item of equipment, building, facility, service, or supply of the agency. The analysis shall be:
      1. performed by qualified agency or contractor personnel;
      2. directed at improving performance, reliability, quality, safety, and life cycle costs.
  • OMB Circular A-131
  • Federal Acquisition Regulation (FAR)
  • Published VE standards are available for purchase at
    • ASTM E1699-13 Standard for Performing Value Engineering (VE)/Value Analysis (VA) of Projects, Products and Processes
    • ASTM E2013-12 Standard Practice for Constructing FAST Diagrams and Performing Function Analysis During Value Analysis Study
  • Generic Corporate VM Policy

Dictionary of Terms


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