Defense Acquisitions: DoD's Revised Policy Emphasizes Best Practices, But More Controls are Needed
Abstract
DOD's new policy supports knowledge-based, evolutionary acquisitions by adopting lessons learned from successful commercial companies. One of those lessons is a knowledge-based approach, which requires program managers to attain the right knowledge at critical junctures - also known as knowledge points - so they can make informed investment decisions throughout the acquisition process. The policy also embraces an evolutionary or phased development approach, which sets up a more manageable environment for attaining knowledge. The customer may not get the ultimate capability right away, but the product is available sooner and at a lower cost. Leading firms have used these approaches - which form the backbone of what GAO calls the best practices model - to determine whether a project can be accomplished with the time and money available and to reduce risks before moving a product to the next stage of development.
Document Details
- Document Type
- Technical Report
- Publication Date
- Nov 01, 2003
- Accession Number
- AD1163978
Entities
People
- Adam Vodraska
- Chris Deperro
- Katherine V. Schinasi
- Lily Chin
- Matt Lea
- Mike Sullivan
Organizations
- United States Government Accountability Office