Project 3: Acquisition Strategy

In this step, you will write a brief summary of the you plan to use to track the success of your acquisition. For a contracting organization, this might include what percentage of contracts are awarded to small disadvantaged businesses; however, since we’re looking at a single acquisition, examples might include the time frame in which the solicitation was advertised, the number of qualified proposals received, and the degree to which prices are reduced through negotiation. Think creatively about how different aspects of the acquisition process can be measured and what metrics can tell you the most about how successful the acquisition is.

Identify 35 key indicators for the acquisition that are consistent with the priorities of CTI as a company and its. Remember that metrics for acquisitions typically center around delivering the right product to the right place at the right time. In the summary of metrics in the Acquisition Strategy section of your acquisition plan, include the following:

• What metrics are important to measure the success for the contract?
• What results of those measurements would indicate success according to CTI’s requirements and the acquisition objectives?
• Which metrics do you expect to be challenging, either to measure or to reach successful results?

Submit a draft of your summary of metrics to your instructor for feedback. You will submit the final version at end of the project and keep it in the Acquisition Strategy of your acquisition plan as you complete it.