– Only speculation on how many servicemembers and DoD employees will suggest we declare victory everywhere and come home. –
Department of Defense (DoD) Secretary Robert M. Gates is asking all servicemembers and DoD employees to submit their ideas to save money, avoid cost, reduce cycle time, and increase the agility of the Department.
This contest, called the INVEST (Innovation for New Value, Efficiency, & Savings Tomorrow) Awards, will reward with cash prizes those who submit the best ideas for improving efficiency. Tiered cash awards will be given in the amounts of $500 and $1,000.
Ideas will be accepted on the INVEST Awards website from Monday, Aug. 9th through Friday, Sept. 24. Twenty-five final winners will be announced in October.
Before you submit ideas, here are a few things the judging panel will consider:
- How thorough is the idea? Does it include plans, timelines, and/or a method of implementation?
- How costly would it be to implement this idea? Would it require a significant amount of man hours?
- Would implementation of this idea require a significant change in the structure of the Department?
- How long would it take to implement this idea? How long would it be before savings are realized?
- Are there any risks associated with the implementation of this idea?
- Can implementation of this idea subsequently reduce costs and/or increase efficiency in other areas?
- Similarly, can implementation of this idea subsequently increase costs and/or reduce efficiency in other areas?
If you have any questions, please refer to the FAQsor email [email protected].
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