Competition strategies for defense projects

Competition is one of the strategies used to achieve project cost and performance goals by motivating the suppliers who support large defense projects. During the early 1950s, policy moved away from competition toward more regulatory control, but procurement scandals helped to move the policy emphasis back toward competition in the 1980s, as exemplified by the Competition in Contracting Act (CICA) of 1984. Increased competition, however, when coupled with inappropriate use of award criteria or an overemphasis on cost as opposed to value, can also have drawbacks. This article discussed how the defense procurement process differs from the free-market environment, explores various competition strategies, and argues that competition can be an effective management tool when used properly and tied to a project's strategic goals.
member content locked

Log in or join PMI to gain access

or Join

Advertisement

Advertisement

Related Content

  • PM Network

    One For All member content locked

    By Pincot, Lenka How many times have you heard IT staffers complain about unrealistic requirements from business teams? And how often have you listened to colleagues from the business side gripe that new tech tools…

  • PM Network

    Exit Plan member content locked

    Brexit opinions in the United Kingdom are evolving right alongside shifting potential outcomes. Project professionals across the U.K. weigh in on how it could impact projects -- and their careers.…

  • PM Network

    Outside the Box member content locked

    Cardboard boxes have been largely unchanged since the 1800s: useful, bland cubes intended to fulfill a company's delivery logistics and destined for a loading dock or stockroom. But the recent…

  • PM Network

    Risk Ready member content locked

    As the speed of business change accelerates, even the most storied organizations are injecting digital transformation into their organizational DNA. With so much change, risk management has moved…

  • PM Network

    Bridge Builders member content locked

    PM Network queried the project management community about keeping virtual teams engaged

Advertisement

Publishing or acceptance of an advertisement is neither a guarantee nor endorsement of the advertiser's product or service. View advertising policy.