The Contracting Education Academy

Contracting Academy Logo
  • Home
  • Training & Education
  • Services
  • Contact Us
You are here: Home / Government Contracting News / Agencies need to take more risks in acquisition

June 1, 2018 By AMK

Agencies need to take more risks in acquisition

The recently released president’s management agenda states that efforts to transform government through major acquisitions are hamstrung by processes that “remain captive to a risk-averse culture that rewards compliance over creativity.”

No wonder. The Federal Acquisition Regulation (FAR) contains a mind-numbing 1,917 pages of policies and procedures that government acquisition officials must follow when buying goods and services. Navigating these rules can be daunting for contracting officers, who often live in fear of something going wrong.

But even within the constraints, there is room for flexibility—approaches that deviate from the norm but hold potential to achieve better quality and innovative outcomes while preserving competition, transparency and accountability.

Following a path toward innovation requires overcoming the fear of failure and the willingness to take risks within reasonable bounds.

For example, improvised explosive devices, or IEDs, have been a major cause of injury and death in the war zones of Afghanistan and Iraq since the United States put its personnel on the ground. Enemy combatants can remotely detonate IEDs using cell phones or other electronic devices.

Keep reading this article at: https://www.govexec.com/excellence/promising-practices/2018/05/agencies-need-take-more-risks-acquisition/148433/

Filed Under: Government Contracting News Tagged With: acquisition reform, acquisition workforce, agile, FAR, flexibility, government reform, innovation, procurement reform, risk

Popular Topics

abuse acquisition reform acquisition strategy acquisition training acquisition workforce Air Force Army AT&L bid protest budget budget cuts competition cybersecurity DAU DFARS DHS DoD DOJ FAR fraud GAO Georgia Tech GSA GSA Schedule GSA Schedules IG industrial base information technology innovation IT Justice Dept. Navy NDAA OFPP OMB OTA Pentagon procurement reform protest SBA sequestration small business spending technology VA
Contracting Academy Logo
75 Fifth Street, NW, Suite 300
Atlanta, GA 30308
info@ContractingAcademy.gatech.edu
Phone: 404-894-6109
Fax: 404-410-6885

RSS Twitter

Search this Website

Copyright © 2023 · Georgia Tech - Enterprise Innovation Institute