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Acquisition Management by R. M. Engelbeck

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CHAPTER2

Introduction to the Federal Acquisition Process

To provide a backdrop for further discussion on the integrated acquisition team, its role, responsibilities, structure, and relationships among team members, this chapter provides an overview of the federal acquisition process. It concludes with a presentation on the management of risk and opportunities (MR&O) technique, which focuses on the acquisition’s objectives and is a way by which possible variances can be managed proactively to ensure that the risk of not achieving the objectives is mitigated and the window of opportunity to exceed expectations is not missed.

Peter Drucker suggests that we are now in transition from the traditional command-and-control organizational relationship ...

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