No matter how products and services are being acquired, financial analysis can help in decision making to acquire the requirements in the best and most cost effective ways. Federal Government acquisition uses frameworks and processes that leverage several financial tools to maximize the value procured from the solution while decreasing the risk of wasted resources. …
Continue reading “Better Acquisition Decisions through Financial Analysis – Part 2”
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 …
Continue reading “How Integrated Product Teams Can Improve Performance and Save Money”
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 …
Continue reading “Can Reverse Auctions Move Your Contracting Process Forward?”
The original implementation of DoD’s “Better Buying Power” initiative heavily promoted the use of Firm Fixed Price (FFP) contract types. Many federal agencies adopted this approach with the intent to control costs and limit the Government’s risk exposure on acquisitions. This does not remove risk from the acquisition itself, and may not even reduce it. …
Continue reading “Three MORE Things to Consider When Choosing Contract Types”
As fiscal pressures rise, senior leaders across the federal government place additional emphasis on Firm-Fixed Price (FFP) contracts. A prime example is the Department of Defense “Better Buying Power” memoranda. FFP contracting is an important method to add simplicity and cost efficiency, but with respect to services, FFP contracting is not always appropriate. When bound …
Continue reading “The Hidden Costs of Firm-Fixed Price Contracts”
Our Integrity experts each forecast one top trend for 2013. What emerging trends will dominate the next 12 months or more in acquisition and program management? And what should you know right now? Trending Up: Back to the Basics — Choosing the Right Contract Type Last November Mr. Frank Kendall, Under Secretary of Defense …
Continue reading “2013’s Top Trends in Acquisition and Program Management”
You’ve heard of strategic sourcing. You’re being advised to use it. But when does it work best and what’s the key to getting started? Integrity Fellow Tom Kuhn sits down with Chris Dorobek of the Dorobek Insider program for a wide-ranging discussion about how to make strategic sourcing work in federal agencies. Read the transcript, …
For a better part of twelve years the federal budget has been pretty ample and programs were free to operate in a much more flexible environment. “Supplemental” allotments of funding were in large supply at the Department of Defense (DoD). Then the faucet began to close as the wars have begun to wind down and …
