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IMMEDIATE RELEASE

Release No: 205-09
March 31, 2009

Value Engineering Achievement Award Winners Announced

                The Department of Defense has announced the winners of the fiscal 2008 Department of Defense Value Engineering Achievement Awards.  A ceremony will be held in June to recognize the recipients’ outstanding achievements through the application of value engineering.  A list of winners can be found at 

http://www.defenselink.mil/news/Value Engineering Awards.pdf

 

                Value engineering is a systematic process of function analysis to identify actions that reduce cost, increase quality, and improve mission capabilities across the entire spectrum of DoD systems, processes, and organizations.  The Department of Defense Value Engineering Program continues to be an incentive for government and our industry partners to improve the joint value proposition by promoting innovation and creativity.  Innovative value engineering proposals seek best value solutions as part of a successful business relationship.  During fiscal 2008, 1,254 in-house value engineering proposals and 60 contractor-initiated value engineering change proposals were accepted with projected savings/cost avoidance in excess of $1.5 billion.

 

                The Value Engineering Awards Program is an acknowledgment of exemplary achievements and encourages additional projects to improve in-house and contractor productivity.  Award winners from each DoD component are eligible for selection in the following five categories: program/project, individual, team, organization and contractor.  Additional “special” awards are given to recognize innovative applications or approaches that expand the traditional scope of value engineering use. 

 

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