The New OMB Circular A-131: Revitalizing Value Engineering and Expanding Opportunities for Its Use

Abstract

When the Office of Federal Procurement Policy (OFPP) released the new Office of Management and Budget (OMB) Circular A-131, entitled "Value Engineering" in January, 2014, it not only reenergized the 50 plus year old Value Engineering (VE) program, but also clarified VE's role in the current acquisition environment and offered opportunities to expand its use. The new OMB Circular A-131 offers both the contractors and the government a new opportunity to use VE and its related disciplines to save money and to change the acquisition process to allow for even greater savings.

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Document Details

Document Type
Technical Report
Publication Date
Aug 01, 2014
Accession Number
ADA609409

Entities

People

  • Anthony C. Hermes
  • James R. Vickers
  • Jay Mandelbaum

Organizations

  • Institute for Defense Analyses

Tags

Communities of Interest

  • Human Systems

DTIC Thesaurus Topics

  • Acquisition
  • Best Practices
  • Configuration Management
  • Contractors
  • Contracts
  • Corporations
  • Costs
  • Cycles
  • Department Of Defense
  • Engineering
  • Governments
  • Lessons Learned
  • Life Cycles
  • Management Personnel
  • Materials
  • Procurement
  • Value Engineering

Readers

  • Defense Acquisition Program Management
  • Government Contracting/Procurement.