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You are here: Home / Government Contracting News / DoD urges acquisition cost reduction measures

August 27, 2013 By AMK

DoD urges acquisition cost reduction measures

Defense Department acquisition managers should routinely take measures to  reduce cost, but those savings shouldn’t come at the expense of long-term  degradation of effectiveness, says an Aug. 6 DoD memo from Under Secretary of Defense for Acquisition, Technology and Logistics (AT&L) Frank Kendall clarifying the Better Buying Power initiative.

Better Buying Power, which was launched in  2010, provides a set of best practices to improve acquisition through cost  control and the “elimination of unproductive processes and bureaucracy.”

Program executive officers (PEOs) who head acquisition for specific programs should  be the ones that ensure program managers implement the cost management of  acquisitions, the memo says.

PEOs will review and approve “should cost” targets and monitor progress of cost  reduction, the memo says.

Keep reading this article at: http://www.fiercegovernment.com/story/dod-urges-acquisition-cost-reduction-measures/2013-08-09

Download the DoD memo at: http://bbp.dau.mil/docs/USA003343-13%20signed%20memo.pdf

Filed Under: Government Contracting News Tagged With: AT&L, Better Buying Power, budget cuts, cost estimate, cost savings, DoD, should cost

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