In blackjack, there is a strategy known as doubling down, in which players double their bet to get one more card in addition to their two card hand. Doubling down increases players’ chances of winning, just like risk management increases the chances of success during a contract’s lifecycle. Risk is an inevitable part of any …
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Do 1,883 pages of Federal Acquisition Regulations (FAR), comprised of 53 different Parts, dozens of forms, and a correction page feel like something to be feared? Does it keep you from buying what you need to support your agency? Many government decision-makers look at the FAR as a significant obstacle to their acquisitions, but at …
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Acquisition Reform – Industry experts have compared it to Groundhog Day and a complicated system of pendulums shifting between priorities. The descriptions may differ but one thing most agree on is that with federal acquisition becoming ever more complex, fixing it isn’t getting any easier. In fact, Frank Kendall, the Under Secretary of Defense for …
At a recent conference, I attended a break out session that focused on Organizational Project Management (OPM) and project methodologies, specifically an overall approach to implementing them as a practice standard, and the benefits of doing so. The presenters spoke about today’s increasingly competitive global environment for Government and industry, and how these organizations are …
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In this time of tight budgets and mandates to do more or the same with less, the need for innovation through greater communication and cooperation is greater than ever. The intelligent use of Integrated Product Teams (IPTs) that foster an organizational climate of cross-functional collaboration can drive innovation throughout your processes. This is accomplished by …
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A new trend in acquisition – applying the modular method of “Agile” software development using daily meetings and lessons learned – is more productive than acquisition support done the “old way” because it utilizes necessary resources when and where they are required. Agile methodology applied to acquisition support is an increasingly preferred technique among Government …
Continue reading “Applying Agile Methodologies to Acquisition Support – The Benefits (Part II)”
Reverse auctions, a relatively new contracting method used by the government to procure a variety of good and services where the price is the main factor, has caused much debate and provoked heavy criticism among contracting professionals in the last few years. Some believe that reverse auctions are an excellent method to streamline the procurement …
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As project leads and managers, we have all experienced a staffing vacancy on a project due to staff changes or project expansion. To fill our void, we post job descriptions on career pages and numerous “Job Boards” in an effort to reach a wide swath of people and generate a large pool of resumes to …
Continue reading “Why Key Word Searches May Not Identify the Best Job Candidate”
When you decide to purchase a certain product or pay for a needed service, it is your expectation that you will receive something of value and of good quality. When quality is not up to par, think about how it makes you feel. I have been places where my first visit was my last due …
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It’s the problem that won’t seem to go away: for decades, government agencies, academics and industry associations have identified a lack of expertise and training among acquisition personnel as a key challenge for the acquisition workforce. Frank Kendall, Under Secretary of Defense for Acquisition, Technology and Logistics, acknowledged the problem, adding a new goal to …
Continue reading “Is It Time to Professionalize Contract Management?”
