Industry Panel Tackles Risk Tolerance and Acquisition Reform

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acquisition policy

acquisition policyAn April 23 Bloomberg Government panel discussion tackled how the government could become less risk-averse as it seeks a way forward in defense acquisition reform, FCW reported Friday.

Sean Lyngaas writes the panelists agreed that “smart risk-taking” is the approach to take if the government can make federal acquisition regulations that are more accepting of innovation.

Joe Jordan, FedBid president of public sector, said there is perception in the industry that the government is more likely to frown upon changes, departures and novelties.

“If you step out (on) the ledge half an inch, you’re worried about the (Inspector General) report, the (Government Accountability Office) report, your boss getting called to the Hill and then you bearing the brunt of the repercussions,” he said at the forum.

Defense project managers should be unafraid, risk tolerant and open to change, Betsy Schmid, vice president for national security and acquisition policy with the Aerospace Industries Association, said at the forum.

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