"Value Management, A Time Proven Discipline"

In the aftermath of World War II, General Electric launched a massive redesign effort to offset losses caused by rapidly rising material costs. A young engineer named Larry Miles was chosen to lead this corporate initiative for two reasons. First, he was an exceptional team leader and secondly, he had developed an effective problem solving methodology called “Function Analysis”. 

Through “Function Analysis”, Larry's teams accurately identified opportunities for change that would have otherwise gone undetected. Rather than focusing on parts, they targeted functions for creativity, developing designs that significantly reduced cost and improved quality.  Divisional initiatives soon followed using the methodology which was renamed "Value Analysis".

The demand for Value Analysis programs continued to grow, exceeding Larry’s resources. Recognizing an opportunity, a key member of Larry’s staff received approval to establish Value Analysis programs for outside organizations. The year was 1958 and the fledgling company was aptly named Value Analysis, Incorporated.

Over the last 50 years, VAI continued as the leader in developing and expanding the applications of the value methodology and today is serving industrial clients around the world.   These initiatives have been renamed VALUE MANAGEMENT.