As you probably observed weekend, maximizing treats and minimizing tricks is a primary objective of the annual Halloween ritual; as is the case when making decisions. A properly performed Cost Benefit Analysis (CBA) maximizes the high value information you take in and minimize the low value information to increase the odds of making sound decisions, which …
Continue reading “Tricks or Treats? Depends on Cost Benefit Analyses”
In this digital age, we depend on our computers and devices for so much that we need to be constantly proactive to protect against cyber threats and attacks. Multiple studies show that government, corporations, and individuals are being increasingly targeted. The Office of Management and Budget (OMB) for example, said federal cybersecurity incidents were up …
Integrity just completed relocation to an expanded new headquarters this week, custom-built to meet the needs and goals of the business in 2015 and beyond. Like any major project, it involved complex planning, thousands of individual decisions, and frequent deadlines that had to be met to move on to the next phase, and ultimately project …
Continue reading “Milestone Decisions: Checkpoints for Acquisition Success”
It’s the time of year when many of us take stock of the last 12 months and vow to improve next year. We will be smarter, more organized, perhaps even try something new. The numerous Integrity Matters articles written by our on-the-ground experts in 2014 provide a leg up for the New Year. They contain …
Continue reading “Acquisition and Program Management Tools for 2015”
Since 2001, software developers have used the Agile methodology, employing short sprints and cross-team collaboration, to bring products to market faster with earlier customer input. Others have begun to apply the tenets of Agile beyond IT to the general field of acquisition. Why? To speed results, lower risk, and benefit from lessons learned throughout the …
Continue reading “AGILE ACQUISITION SUPPORT: REAL-WORLD CONSIDERATIONS”
Your team may have spent hours and hours considering the program management, risk management and quality assurance issues involved in letting a new government contract. But have you pulled the key information about how that contract will be managed into a single plan? A Contract Management Plan (CMP) is one of the primary tools the …
Continue reading “With A Great Contract Management Plan, The Sky is the Limit”
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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Being “risk-averse” often means trying to completely eliminate risk, which is counter-productive and often impossible. Good managers embrace risk. Why? Because they know that setting up a proper risk management program up front can ultimately save time, money, and avoid potentially serious program execution problems. Think of it as building “sweat equity” into the investment. …
Continue reading “Why Your Program Should Tackle Risk Head On”
Integrity Management Consulting and GovLoop are proud to present a 12-part series called “Conscientious Contracting: A Thoughtful Approach to Acquisition and Program Management,” that aims to address common challenges and achieve new efficiencies in government procurement. Integrity Matters will bring you occasional posts written by GovLoop’s Andrew Krzmarzick, featuring the expertise of Integrity subject matter experts. “Risk …
Continue reading “When Getting Rid of Risk Isn’t Possible: 4 Ways to Work Around It”
