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Accession Number ADA580312
Title Value Engineering and Life-Cycle Sustainment.
Publication Date Dec 2012
Media Count 48p
Personal Author A. C. Hermes J. Mandelbaum J. R. Vickers
Abstract This document (1) describes plausible business case considerations for Department of Defense (DOD) contractors to submit Value Engineering Change Proposals (VECP) based on tradeoffs between revenue and profit and (2) identifies other benefits to the contractor, including capturing follow-on work, improving its reputation, obtaining good recommendations, reducing risk and the potential for losses, incorporating new technology to increase profit or competitiveness, and reducing less desirable work. This document also identifies places in common contractor processes where VECPs should be considered to challenge requirements, reduce risk, and capitalize on opportunities. These processes include program start-up reviews, budget reviews, risk reviews, and technology benchmarking.
Keywords Benefits
Budgets
Commerce
Contractors
Life cycles
Losses
Profits
Requirements
Revenue sharing
Risk
Sustainment contracts
Value engineering

 
Source Agency Non Paid ADAS
NTIS Subject Category 96 - Business & Economics
74E - Logistics, Military Facilities, & Supplies
Corporate Author Institute for Defense Analyses, Alexandria, VA.
Document Type Technical report
Title Note Final rept.
NTIS Issue Number 1325
Contract Number DASW01-04-C-0003

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