What constitutes an Acquisition Strategy?

An Acquisition Strategy is defined as a detailed plan that describes how a program will be acquired. This strategy includes identifying the necessary resources, schedules, risk management, and the overall approach to successfully acquire the systems or services needed. It provides a roadmap for the acquisition process, ensuring that all stakeholders understand the objectives, methodologies, and milestones involved in procuring goods or services efficiently and effectively.

The focus on a detailed plan distinguishes it from options such as a comprehensive review of past acquisitions, which is more about analyzing historical performance rather than outlining a forward-looking acquisition approach. Similarly, a checklist for vendor evaluations is just a tool within the broader acquisition process, not a comprehensive strategy in itself. Lastly, while outlining employee roles in the acquisition is important for project management, it is just one aspect of the overall strategy and not the core definition of an Acquisition Strategy.