What are your thoughts on internal competition for funding

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Reference no: EM133303671

Assignment: Class and Professor,

The capability-based assessment aids in determining which capabilities are required to carry out missions. To identify the warfighter capabilities requirements, requirements are employed in the development of processes and policies. The ACAT II programs and below programs that have an impact on joint warfighting are approved by the Joint Capabilities Board (JCB). The existing and upcoming requirements for warfighting operations are determined using the capabilities-based assessment. Through the Joint Capabilities Integration and Development System (JCIDS), it is also utilized to create the specifications for military systems.

The two key difficulties in today's requirements analysis for federal and defense contracts are cost and timeframes. For instance, developing and perfecting productive equipment can take years. Taxpayers want to get the greatest value for their money, and some military personnel worry that the lower cost may make them less critical of the finished product's quality.
The Cost Assessment and Program Evaluation is used to calculate and analyze the costs associated with defense procurement projects. The functioning of the Defense Acquisition System establishes the guidelines that a program manager must adhere to in accordance with their authority, duty, and accountability. While conducting some extra research this week, I came across an intriguing article about procurement.

The application of rules, requirements, and regulations during the acquisitions process has improved program success. Defense contractors will be subject to the same standards and guidelines as the rest of the sector in order to defend their expenditures and accounting practices. A more recent trend in the Department of Defense is the lowest price technically acceptable (LPTA), where contracts are given to the lowest bidder in order to meet their needs and find the best solutions.

V/R,
Roaman

Question: You wrote an excellent overview of the Capabilities Based Assessment (CBA) issues. You identified cost and timeframe as the two biggest difficulties for federal and defense contracts. You also mentioned lowest price technically acceptable awards. I think your assessment is spot-on. Have you had any difficulties with funding sources? Have you had experience of being rewarded for "capturing" funds for mission requirements? Competition in the market place ideally is a good thing. What are your thoughts on internal competition for funding? Does the lack of funding drive the lowest price technically acceptable awards trend you mentioned?

Reference no: EM133303671

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