ABSTRACT
RECENT VALUE IMPROVEMENT HISTORY Public Law 104-106 requires government branches to use the value methodology on all budgets over $1 million, not just defense budgets
PUBLIC LAW 104106 READS • Each executive agency shall establish and maintain cost effective value engineering
procedures and processes. • “Value Engineering” means an analysis of the functions of a program, project, system,
product, item of equipment, building, facility, service, or supply of an executive agency performed by qualified agency or contractor personnel, directed at improving performance, reliability, quality, safety, and life cycle costs.
