Value Engineering and Life-Cycle Sustainment

"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."