Situational Assessment and Team Dynamics Flashcards
What is the vision of the Federal Acquisition System according to FAR 1.102(a)?
The vision is to deliver on a timely basis the best value product or service to the customer, while maintaining the public’s trust and fulfilling public policy objectives.
What role do contracting professionals play in shaping and managing requirements?
They help shape and manage requirements to align with an organization’s vision, mission, and strategic goals.
What is emphasized about teamwork in the acquisition process?
Participants in the acquisition process should work together as a team and be empowered to make decisions within their area of responsibility.
According to FAR 2.101, what is the definition of Market Research?
Collecting and analyzing information about capabilities within the market to satisfy agency needs.
What does FAR 10.002(b)(1) address in terms of Market Research procedures?
Whether commercial products, commercial services, or non-developmental items are available to meet the need or could be modified to meet the need.
What is the focus of FAR part 10?
Market Research.
What is defined as the total cost to the Government of acquiring, operating, supporting, and disposing of items being acquired according to FAR 7.101?
Life-Cycle Cost.
When should Market Research be conducted according to FAR 10.001(a)(2)?
Market Research should be conducted appropriate to the circumstances.
What does FAR 10.001(a)(1) address regarding Market Research policy?
Ensuring that legitimate needs are identified and trade-offs evaluated to acquire items that meet those needs.
What is the recommended approach for decision-making among acquisition process participants?
Decision-making should be at a higher level while participants work together as a team.
What are four components of contracting life-cycle costs?
The specific components are not provided in the text, but generally include planning, execution, management, and closeout costs.
When shall market research be conducted in relation to the solicitation process?
Market research shall be conducted prior to releasing a solicitation to ensure informed decision-making.
What is the purpose of having a working knowledge of all roles involved on the acquisition team for contracting professionals?
To improve team cohesiveness and to identify gaps or overlap in roles.
What does FAR 1.102-4(d) emphasize regarding the relationship between the Government and its contractors?
It emphasizes fostering cooperative relationships between the Government and its contractors consistent with the responsibility to the taxpayers.
Who constitutes the Acquisition Team according to FAR 1.102(c)?
All participants in Government acquisition, including representatives of the technical, supply, and procurement communities, the customers they serve, and the contractors who provide the products and services.