August 6, 2004 – Olympic Associates Company Receives Department of Defense
Value Engineering Achievement Award
In May at the Pentagon, Daniel Chandler and Daniel Clancy of Olympic Associates Company (OAC) received the U.S. Department of Defense’s (DoD’s) award for “outstanding achievement in value engineering” for its work with the U.S. Army Corps of Engineers (USACE) Alaska District during 2003.
The DoD defines value engineering as, “a systematic process to analyze functions to identify actions to reduce cost, increase quality, and improve mission capabilities across the entire spectrum of DoD systems, processes, and organizations.” The Value Engineering Awards Program recognizes award winners from each DoD component, including: OSD, Army, Navy, Air Force, Defense Logistics, Missile Defense, Defense Finance, and National Geospatial Intelligence. Awardees are eligible for selection in the following five categories: program/project, individual, team, organization, and contractor. OAC was one of three contractors recognized within all categories and components and was the only value analysis consultant recognized for 2003.
OAC has performed value engineering studies for the USACE since the 1970s and has worked jointly with the USACE to develop the value-based design charrette process that is currently being used by a number of its districts. The success of the program is evidenced in over $65 million in savings for the Alaska District over the past four years.
Individuals pictured (left to right)