Tricks or Treats? Depends on Cost Benefit Analyses

cost benefit

As you probably observed weekend, maximizing treats and minimizing tricks is a primary objective of the annual Halloween ritual; as is the case when making decisions. A properly performed Cost Benefit Analysis (CBA) maximizes the high value information you take in and minimize the low value information to increase the odds of making sound decisions, which […]

EVM – Have You Communicated Its Value to Acquisition and Project Management?

EVM Communication image

Being able to efficiently and effectively diagnose the health of an organization’s portfolio of contracts takes time and persistence. Earned Value Management (EVM), a project management technique for measuring project performance and progress, makes it possible. However, those in the federal sector, including EVM experts, need to do more to communicate its value for increased […]

Performance Management Act II – Overcoming Challenges

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There is an old saying, “the second act is the best” because it delves deeper into the meat of a story, including challenges and the rising actions in response to them. So it may be with the story of Government performance management. Federal Managers have seen many plot twists impacting governance since the early 90’s when […]

3 Tools Worth Reading to Spur Innovative Federal IT Acquisition

Innovation Road Sign Photo

In this time of tight budgets and potential loss of global technological superiority, the need for innovation is greater than ever.   As Frank Kendall, Undersecretary of Defense for Acquisition, Technology and Logistics shared with an audience of defense industry leaders recently, “We have to focus more on innovation, and we have to get better capability […]

Use the “A” Team for Integrated Acquisition Planning

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Does this sound familiar? Mission and business owners define their requirements, “throw them over the fence”, and then the contracting and contractor community conduct activities to obtain and deliver the contracted solutions. But what about rapid changes in technology, short development time frames, reduced budgets, or greater complexity? These risks in execution lead to schedule […]

The Double Down Strategy of Contract Management Risk

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In blackjack, there is a strategy known as doubling down, in which players double their bet to get one more card in addition to their two card hand. Doubling down increases players’ chances of winning, just like risk management increases the chances of success during a contract’s lifecycle. Risk is an inevitable part of any […]

Organizational Project Management – How OPM Connects Strategy to Results

OPM Arrow Visual

At a recent conference, I attended a break out session that focused on Organizational Project Management (OPM) and project methodologies, specifically an overall approach to implementing them as a practice standard, and the benefits of doing so.  The presenters spoke about today’s increasingly competitive global environment for Government and industry, and how these organizations are […]

How Integrated Product Teams Can Improve Performance and Save Money

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In this time of tight budgets and mandates to do more or the same with less, the need for innovation through greater communication and cooperation is greater than ever.   The intelligent use of Integrated Product Teams (IPTs) that foster an organizational climate of cross-functional collaboration can drive innovation throughout your processes. This is accomplished by […]

Using a Cross-functional Team for Effective Capital Planning Investment Control (CPIC)

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It’s a commonly-used process, and yet so few manage to execute it effectively on a consistent basis. Capital Planning Investment Control (CPIC), if performed as intended, provides a strategy for capital planning that enables organizations to demonstrate and maximize value from scarce public resources. With the current funding environment, CPIC is ever-more important as a […]

Widening the Aperture of Acquisition & the Acquisition Team

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Today’s fiscally constrained environment is being felt in many places, including acquisition.  The Federal Government spends billions to execute its missions through acquisitions.  After talking with one of my colleagues about the impact on the acquisition discipline, she astutely said “though resources may be narrowing, the way you approach acquisition shouldn’t”. In fact, to face […]