These functions are related and efficiencies could be gained by having one policy office to focus on all of these areas.
Federal acquisition management and federal assistance management are similar in that they both involve providing a substantial amount of funds to nonfederal entities and monitoring how those funds are used to meet specific objectives. Prizes and challenges are funded through grants, contracts, and other mechanisms.
+Lowered costs of doing business because of shared resources (operating fund, staff, systems, etc.)
+Improved efficiency due to reduction in duplication of effort in developing certain policies, systems, and other cross-cutting work
+Benefit to agencies and citizens who will get a single voice from OMB on related policy matters