Common Process Initiative, also known as ISO 9000 is the largest and most ambitious Acquisition Reform Innovation ever taken on by the Federal Government. It is fundamentally, a broad based, universally applicable Value Engineering (VE) Program, yet it is not utilizing any of the VE fundamentals. Years of value experience is being lost. The size of the initiative (in financial impact and universality of application); its direct relevancy to the “Cost Reduction Mission” of VE; and its need for enlightened use of the VE contractual protocol and change facilitation techniques, (i.e. VECP's), makes it vital that it be heard at this conference.