Denett sworn in as administrator, Office of Federal Procurement Policy.On Sept. 28, 2006, Paul Denett was sworn in as the new administrator for the Office of Federal Procurement Policy by Rob Portman, director, Office of Management and Budget The Office of Management and Budget (OMB), formerly the Bureau of the Budget, is an agency of the federal government that evaluates, formulates, and coordinates management procedures and program objectives within and among departments and agencies of the Executive Branch. . The U.S. Senate unanimously confirmed the nomination of Paul A. Denett to be administrator on Aug. 4, 2006.
Denett most recently served as counselor to OMB's deputy director for management since June 2006. He joined OMB OMB
Office of Management and Budget
Noun 1. OMB - the executive agency that advises the President on the federal budget
Office of Management and Budget after serving from 2003 to 2006 as ESI (Edge Side Includes) A markup language for Web pages that enables elements of a Web page to be dynamically assembled in servers distributed throughout the Internet. International's vice president for contracting programs, supporting contract and acquisition training in both the government and commercial world. From 2001 to 2002, he was program director for the Logistics Management Institute (LMI LMI Labor Market Information
LMI Local Management Interface
LMI Logistics Management Institute
LMI Linear Matrix Inequality
LMI Legemiddelindustriforeningen (Norway)
LMI Low to Moderate Income
LMI Lender's Mortgage Insurance ) and focused on the strategic improvement of government acquisition and grant management issues.
Denett is a retired senior executive from the federal service, and has served as director of administration and senior procurement executive in the Office of the Secretary for the Department of the Interior, and as vice chairman of the government-wide Procurement Executives Council, now called the Federal Acquisition Council.
Denett has received many prestigious awards during his federal government career including a Presidential Rank Award; he has a master's degree with emphasis in acquisition from The George Washington University George Washington University, at Washington, D.C.; coeducational; chartered 1821 as Columbian College (one of the first nonsectarian colleges), opened 1822, became a university in 1873, renamed 1904. .
About the Office of Federal Procurement Policy
The federal government spends approximately $350 billion annually for a wide range of goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. to meet mission needs. The Office of Federal Procurement Policy (OFPP OFPP Office of Federal Procurement Policy (OMB) ) in the Office of Management and Budget plays a central role in shaping the policies and practices federal agencies use to acquire the goods and services they need to carry out their responsibilities. OFPP was established by Congress in 1974 to provide overall direction for government-wide procurement policies, regulations, and procedures and to promote economy, efficiency, and effectiveness in acquisition processes. OFPP is headed by an administrator who is appointed by the President and confirmed by the Senate.
Through a variety of statutory authorities and results-oriented policy initiatives, OFPP seeks to ensure the federal acquisition system provides the best value to the taxpayer. Current priorities are designed to provide for a better skilled and more agile workforce, consistent and effective use of competition, contract vehicles that reflect the government's buying power Buying Power
The money an investor has available to buy securities. In a margin account, the buying power is the total cash held in the brokerage account plus maximum margin available.
Also referred to as "Excess Equity. , and a data system that gives federal managers the information they need to evaluate results and plan effectively for the future.