5.1 Achieving value for money in defence acquisition involves getting as close as possible to achieving the optimum balance between cost, schedule and performance. This involves clearly defining what a good outcome would look like up-front, and monitoring whether this is actually achieved as the programme goes on contract and, ultimately, is delivered. This part examines:
• how the value for money of programmes is defined and monitored, including taking account of the government's social value agenda; and
• whether the Ministry of Defence (the Department) uses evaluations to improve value for money in the future.