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You are here: Home / Government Contracting News / Risk-taking and smart failures ‘necessary’ for agency innovation

March 1, 2016 By AMK

Risk-taking and smart failures ‘necessary’ for agency innovation

The Partnership for Public Service, in a new report, encourages agencies to follow an often-overlooked clause in the FAR to innovate.

FAR 1.102-4(e)Most innovative agencies share a common element in the way they acquire and develop new technology: They’re unafraid to take risks and fail in a productive and intelligent way, according to a new report from the Partnership for Public Service.

More than 70 percent of the dozens of respondents to the partnership’s report, “Innovation Is A Contract Sport,” agreed that agencies must not let failure or risk stop them from innovating. The report highlights several ways in which federal agencies are getting creative in the acquisition space to ensure more successful outcomes of research, development and procurement, specifically citing Department of Homeland Security and Intelligence Advanced Research Projects Activity interviewees who embrace failure in search of high-risk, high-payoff innovation.

Keep reading this article at: http://fedscoop.com/risk-taking-and-smart-failures-necessary-for-agency-innovation-report 

Filed Under: Government Contracting News Tagged With: acquisition reform, acquisition workforce, FAR, initiative, innovation, integrated product team, procurement reform, teamwork

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