The New OMB Circular A-131: Revitalizing Value Engineering and Expanding Opportunities for Its Use
INSTITUTE FOR DEFENSE ANALYSES ALEXANDRIA VA
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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 VEs 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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