The Audit Objectives were to determine whether DoD VE policies, procedures and implementation of revised OMB Circular NO. A131 were adequate and whether Navy VE savings were valid. We also assessed how extensively the VE program were involved in contracts, whether contractors believed they were encouraged to participate in the VE program, and how VE related to other streamlining or savings initiatives. We also evaluated the adequacy of the management control program applicable to the stated objectives.
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This Report is the second of three reports to be issued by the office of inspector general, DoD, of an audit of the DoD Value Engineering (VE) program requested by the office of the under secretary of Defence for Acquisition and Technology in accordance with office of Management and Budget.