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IMMEDIATE RELEASE

Release No: 229-10
March 24, 2010

Fiscal 2009 Department Of Defense Value Engineering Achievement Awards Announced

                The Department of Defense (DoD) announced the winners of the fiscal 2009 Department of Defense Value Engineering Achievement Awards. A ceremony will be held on May 12 at the Pentagon auditorium to recognize the recipients’ outstanding achievements through the application of Value Engineering.
 
                Value Engineering (VE) is a function analysis process to identify actions that reduce cost, increase quality, and improve mission capabilities across the entire DoD enterprise. During fiscal 2009, 3,347 in-house VE proposals and 43 contractor-initiated VE change proposals were accepted with actual and projected savings/cost avoidance in excess of $1.94 billion.  The DoD value engineering program continues to be an incentive for government and industry partners to improve the joint value proposition by promoting innovation and creativity. Innovative VE proposals seek best value solutions as part of a successful business relationship. 
 
                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.  The VE awards program is an acknowledgment of exemplary achievements and encourages additional projects to improve in-house and contractor productivity. 
 
                For a list of awards and awardees, go to

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