publication . Thesis . 2006

Value for money: Defining and measuring 'value' in MoD's acquisition policy of obtaining best value for money

Weiss, A.;
Open Access English
  • Published: 30 Sep 2006
  • Publisher: UCL (University College London)
  • Country: United Kingdom
Abstract
Obtaining value for money is a keystone of UK Ministry of Defence (MoD) acquisition strategy embedded in its Smart Acquisition policy. This thesis examines how best to measure the relative value of competing tender submissions for major projects. There is a comprehensive discussion of a wide range of relevant definitions and over three dozen documents are scrutinised including just some sixteen published by the Government. Commercially available models, algorithms and software are examined as well as those used by MoD. concluding that the programs used by MoD are state of the art but that their use could advantageously be mandated for all large programmes. The p...
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Thesis . 2006
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