CHAPTER 23

Value Engineering

It was 9:00 on the final day of the workshop. All attendees had arrived and were seated.

Chris looked at Bill Johnson and asked, “Bill, is there anything you’d like to say to start off?”

Bill replied, “Yes, thanks Chris.”

Bill glanced around the room and said, “I had Chris and Tony to my home last night for dinner. A topic that came up was the potential need for us to modify current key measures and goals to maximize the combined cost benefits we will get from C-O-S-T and activities we currently have in place. There is some risk that maintaining high expectations from our efforts like continuous improvement, value analysis, purchased part long-term agreements, and other current efforts may result in reduced cost optimization ...

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